Shell gives ‘green light’ to investing in LNG Cana

Posted on 07 Nov 2018 and read 306 times
Shell gives ‘green light’ to investing in LNG CanaShell Canada Energy, an affiliate of Royal Dutch Shell plc, recently announced that it has taken a ‘final investment decision’ (FID) regarding LNG Canada — a major liquified natural gas (LNG) project in Kitimat (British Columbia), in which Shell has a 40% working interest.

With LNG Canada’s joint-venture participants also having taken FIDs, construction will start immediately, with the first LNG shipments expected before the middle of the next decade.

Ben van Beurden, CEO of Royal Dutch Shell (www.shell.com), said: “We believe LNG Canada is the right project, in the right place, at the right time.

“Supplying natural gas over the coming decades will be critical, as the world transitions to a lower-carbon energy system. Global LNG demand is expected to double by 2035 compared with today, with much of this growth coming from Asia, where gas is displacing coal.”

LNG Canada is a ‘long-life asset’ that will initially export LNG from two processing units (known as trains) totalling 14 million tonnes per annum, with the potential to expand to four ‘trains’ in the future.

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