Extract from an article by Derrick Penner, published by The Vancouver Sun on 30 April 2014
VANCOUVER — Partners in the Shell Canada-led proposal for a liquefied natural gas plant at Kitimat have formally incorporated their LNG Canada Joint Venture, the companies announced Wednesday, although they remain a long way from making a final investment decision on the potentially $12-billion project. The consortium, which includes PetroChina, Korea Gas (Kogas) and Mitsubishi Corp., has already optioned a possible site in Kitimat…
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Shell hikes stake in proposed LNG Canada project to 50%
Royal Dutch Shell is raising its stake in the proposed Canada LNG project on British Columbia’s coast at Kitimat to 50% after two of the Asian partners pared their interests.
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