ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Asian energy groups join Shell in $14bn Canada LNG project

Mitsubishi, PetroChina and Petronas to supply energy-hungry Asia

The Canada LNG project is to be developed in northwestern British Columbia, which will offer short transport times to Asia.
The Canada LNG project is to be developed in northwestern British Columbia, which will offer short transport times to Asia.   © Reuters

TOKYO -- Malaysia's Petronas will join PetroChina, Japan's Mitsubishi Corp. and Korea Gas in a $14 billion Canadian liquefied natural gas joint venture with Royal Dutch Shell, the companies said Tuesday, in a project seen helping provide Asia with stable supplies of the fuel.

The LNG Canada plant, to be located in the British Columbia municipality of Kitimat on the country's Pacific Ocean coast, will serve as Canada's first major export base for the fuel. Production is expected to start in the mid-2020s, with an annual capacity of 14 million tons -- equivalent to nearly one-fifth of import volumes in Japan, the world's biggest LNG consumer.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more