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Author Topic: Shell hikes stake in proposed LNG Canada project in Kitimat, B.C. to 50% Back to Topics
Nicoalbum

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Ottawa

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Message Posted: May 1, 2014 1:11:22 PM

Shell has upped its stake in a proposed natural gas-export terminal on Canada’s W Coast, boosting its ownership to 50% after 2 of the project’s Asian partners sold down their interests

LNG Canada project, a joint venture with PetroChina, Mitsubishi and Korea Gas is planned for BC's N coast at Kitimat

Mitsubishi and KOGAS had each owned 20% of the project. They now own 15% each, while PetroChina maintained its 20% interest

The partners are involved in a number of LNG projects around the world and felt it was better to reduce their stakes in the Shell-led proposal, which is designed process 1.7Bcuft/d in its 1st phase

A final investment decision on the multiB$ project is still months away

LNG delivered to Japan fetched $16.22/MBTU in Jan. That compares to $3.99 at the AECO hub in AB
Visit Financial Post for full article
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NHLiveFree
Champion Author New Hampshire

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Message Posted: May 2, 2014 1:04:40 AM


A desperation move by Royal Dutch Shell for a pipeline that does not sell to the intelligent folks of BC.
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ostrichNV
Champion Author Nevada

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Message Posted: May 1, 2014 6:59:48 PM

Canada is a free, democratic neighbor that we can and should work with to achieve energy independence from OPEC and other exporting countries around the world that HATE us.
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mabrams184
Champion Author Lexington

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Message Posted: May 1, 2014 6:19:31 PM

North American oil will be used to help more over seas countries than it will the US.
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MassGas007
Champion Author Massachusetts

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Message Posted: May 1, 2014 6:15:58 PM

k
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polaris2
All-Star Author Saskatoon

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Message Posted: May 1, 2014 6:11:46 PM

a good business move
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ciscodr
All-Star Author Tampa

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Message Posted: May 1, 2014 5:37:52 PM

they know how to make money
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GNo1
Champion Author Nashville

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Message Posted: May 1, 2014 5:31:23 PM

ok
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fuelwatcher85
Rookie Author Savannah

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Message Posted: May 1, 2014 4:56:54 PM

Sounds good, Peter
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2014 4:55:45 PM

but is it even gonna fly ???????????????
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PrinceLH
Champion Author Ontario

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Message Posted: May 1, 2014 4:25:08 PM

Very good!
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papajcs
Champion Author Indiana

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Message Posted: May 1, 2014 3:46:29 PM

Good!
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panteraone
Champion Author Texas

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Message Posted: May 1, 2014 2:34:40 PM

good for them
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GasPriceHelp4u
Champion Author Dayton

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Message Posted: May 1, 2014 2:12:31 PM

Good for Shell!!!
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dunesfly
Champion Author Cape Coral

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Message Posted: May 1, 2014 2:01:44 PM

ok
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Yooperheart
Champion Author Michigan

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Message Posted: May 1, 2014 1:59:06 PM

Right on right on right on.
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jpurdy1942
Champion Author Georgia

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Message Posted: May 1, 2014 1:58:17 PM

thanks for the info
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gopherthis
Champion Author Twin Cities

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Message Posted: May 1, 2014 1:56:26 PM

ok
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shivarr
Champion Author New Jersey

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Message Posted: May 1, 2014 1:55:26 PM

ok
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easydriver11
Champion Author Cape Coral

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Message Posted: May 1, 2014 1:29:03 PM

so
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djwhit
Champion Author Ohio

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Message Posted: May 1, 2014 1:27:10 PM

HOW,THATS SOMETHING...........
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NotmeuQc
Champion Author Montreal

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Message Posted: May 1, 2014 1:17:30 PM

Thanks for the information.
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Nicoalbum
Champion Author Ottawa

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Message Posted: May 1, 2014 1:12:01 PM

With all that opposition to the project, the Asian partners decided to look further elsewhere

[Edited by: Nicoalbum at 5/1/2014 1:12:12 PM EST]
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