LNG Canada Says Still No FID
LNG Canada has denied September 30 media reports that its five joint venture partners (JVPs) – led by Anglo-Dutch major Shell – have agreed to invest in the proposed $40bn project on Canada’s west coast.
“LNG Canada has not received approval from its joint venture partners on their final investment decision,” Susannah Pierce, LNG Canada’s director, external relations, told NGW September 30. “If and when it does, it will make an announcement.”
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Pierce would not comment on media reports earlier this week suggesting that the boards of JVPs PetroChina and Korea Gas had approved their respective shares of the project. Nor would she comment on other reports suggesting the Canadian government had assured LNG Canada that modules for its project would be exempt from a 45.8% anti-dumping duty announced in 2017 on certain fabricated industrial steel components, or FISC, originating in China, Korea or Spain.
LNG Canada’s five joint venture partners are Royal Dutch Shell (40%), Malaysia state-owned Petronas (25%), PetroChina (15%), Japan's Mitsubishi (15%) and Korea Gas (5%).