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LNG Canada expansion to be decided by 2025

Royal Dutch Shell and its partners building a massive liquefied natural gas (LNG) export terminal in Western Canada will decide by 2025 whether to double its capacity, the head of the project said.

The $31 billion LNG Canada project last October became the first major project in five years to be approved, with first exports of the super-chilled fuel planned for 2025.

Andy Calitz, LNG Canada chief executive officer, said a final investment decision (FID) on phase 2 will happen before the plant’s initial production starts.

 

“We want to take FID on phase 2 before LNG flows from phase 1. (The partners) want to have some insight overall on the project before FID,” Calitz told Reuters in an interview at the CERAWeek conference by IHS Markit.

Since LNG Canada was approved, LNG projects were approved in the U.S. Gulf Coast and off the coast of Mauritania and Senegal as producers expect a sharp rise in gas demand, particularly in Asia.

Shell’s partners are Malaysia’s Petroliam Nasional Bhd (Petronas), PetroChina Co Ltd, Korea Gas Corp (KOGAS) and Japan’s Mitsubishi Corp.

Reporting by Ron Bousso; Editing by Marguerita Choy

 


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
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- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
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While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


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