Economics
Shell Still Thinks Canadian LNG Project Could Be a Go
- Company expects final investment decision in next 18 months
- If timed right, project could come online as supply tightens
Shell in Middle of Strong Transformation, CEO Says
This article is for subscribers only.
Royal Dutch Shell Plc said it hasn’t written off its Canadian liquefied natural gas project in Kitimat, British Columbia, yet as a global supply glut killed off a competing project earlier this week.
LNG Canada, which is also backed by Mitsubishi Corp., PetroChina Co. and Korea Gas Corp., is still weighing an investment decision that’s expected by early 2019, Shell’s Chief Executive Officer Ben Van Beurden said on a conference call Thursday.