In October 2018, a consortium led by Royal Dutch Shell Plc (RDS) announced a final investment decision (FID) to proceed with plans to build a massive liquified natural gas (LNG) processing and exporting facility on Canada’s west coast. The ‘mega-project’, located at Kitimat B.C., is thought to be the largest privately funded venture in Canada’s history. Through its ownership of Shell Canada, RDS will hold a 40% interest and include partners Petronas (25%), PetroChina (15%), Mitsubishi Corporation (15%), and Korea Gas Corporation (5%).
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
