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

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

SED Energy’s GHTH Rig Kicks Off Ops for PTTEP

MDL Secures Cable Laying Job in Asia Pacific

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

Current News

CNOOC Puts New South China Sea Development Into Production Mode

ADES Nets $63M Contract for Compact Driller Jack-Up off Brunei

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Aramco Expands US Partnerships with $30B in New Deals

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

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