Mitsubishi Signs on $31 Bln LNG Canada Project

Tuesday, October 2, 2018

Japanese trading house Mitsubishi Corp said on Tuesday it will join in developing the LNG Canada project in British Columbia led by Royal Dutch Shell, which has taken a final investment decision to go ahead with the development.

The C$40 billion ($31 billion) project, on the west coast of Canada, will consist of two liquefied natural gas (LNG) production facilities, known as trains, that are expected to export about 14 million tonnes per year of the fuel.

LNG Canada is a joint venture between Shell, Malaysia's Petronas, PetroChina Co Ltd, Mitsubishi and Korea Gas Corp.

Mitsubishi said it share of the project is 15 percent and it will take delivery of 2.1 million tonnes of LNG annually, based on its share.


($1 = 1.2822 Canadian dollars)

(Reporting by Yuka Obayashi and Osamu Tsukimori; Editing by Aaron Sheldrick and Kenneth Maxwell)

Categories: Finance LNG Shale Oil & Gas

Related Stories

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

Woodside Inks Long-Term LNG Supply Deal with China Resources

Second Hai Long Substation Heads to Project Site Offshore Taiwan

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Japan's Mitsui Eyes Alaska LNG Project

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

ABS Approves Hanwha Ocean’s FPSO Design

Current News

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com