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LNG Canada expects FID next year

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LNG Industry,

According to Reuters, LNG Canada is looking to make an investment decision next year on constructing a new LNG export terminal on the coast of British Columbia (B.C.), Canada.

The Chief Executive of the company, Andy Calitz, reportedly said that work on the project has not slowed due to the recent change in provincial government, nor because of Petronas’ recent decision to not proceed with its own LNG project in the region.

Calitz reportedly said: “We want to be in construction in 2018... It means that you need to take a FID in 2018.”

LNG Canada is a joint venture (JV) led by Royal Dutch Shell Plc, which holds a 50% stake. The other partners are PetroChina Co. Ltd (20%), Mitsubishi Corp. (15%), and Korea Gas Corp. (15%). Reuters reports that the CEO of Shell, Ben van Beurden, last week said that the project partners could be looking to make an investment decision within the next 18 months (approximately).

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