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Shell, partners announce USD 31 Billion LNG Canada investment

Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada – the largest of its kind in years that will carve out the fastest route to Asia for North American gas.

Photo: Kirsty Wigglesworth/AP/Polfoto

Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada – the largest of its kind in years that will carve out the fastest route to Asia for North American gas.

LNG Canada – comprised of Shell, Malaysia’s Petroliam Nasional Bhd, Mitsubishi Corp., PetroChina Co. and Korea Gas Corp. – confirmed the expected final investment decision in the CAD billion (USD 31 billion) project, according to a statement from Shell on Tuesday. Bloomberg News reported Sunday that the group had approved the investment and an announcement was imminent.

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