Japan's Mitsubishi to join in development of $31 bln Shell LNG Canada project
TOKYO, (Reuters) - Japanese trading house Mitsubishi Corp said it will join in developing the LNG Canada project in British Columbia led by Royal Dutch Shell, which has taken a final investment decision to go ahead with the development.
The C$40 billion ($31 billion) project, on the west coast of Canada, will consist of two liquefied natural gas (LNG) production facilities, known as trains, that are expected to export about 14 million tonnes per year of the fuel.
LNG Canada is a joint venture between Shell, Malaysia’s Petronas, PetroChina Co Ltd, Mitsubishi and Korea Gas Corp.
Mitsubishi said it share of the project is 15 percent and it will take delivery of 2.1 million tonnes of LNG annually, based on its share.
$1 = 1.2822 Canadian dollars Reporting by Yuka Obayashi and Osamu Tsukimori Editing by Aaron Sheldrick and Kenneth Maxwell
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GasPro 2.0: A Webcast Symposium
The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.
October 25, 2018 08:30 AM CDT