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Apr 30 2014

Shell boosts LNG Canada stake while Asian partners lower theirs

Posted by Coastal GasLink

“Shell Canada Ltd. has raised its stake in the LNG Canada project while saying its Asian partners are committed to taking delivery of B.C. liquefied natural gas, despite two of the co-owners reducing their interests.

Shell now holds 50 per cent of LNG Canada, up from 40 per cent, after the Royal Dutch Shell PLC subsidiary signed a joint venture agreement Wednesday with three Asian partners. PetroChina Co. Ltd. still owns 20 per cent of LNG Canada, but Japan’s Mitsubishi Corp. and South Korea’s Kogas each decreased their stakes to 15 per cent from 20 per cent.”

The Globe and Mail

Shell boosts LNG Canada stake while Asian partners lower theirs — April 30, 2014