Final Investment Decision Approved for LNG Canada Phase 2 Expansion Project
- 1Shell, PETRONAS, and others have approved the Final Investment Decision for the Phase 2 project to expand LNG Canada facility capacity by 28 million tonnes per year.
- 2Canada is projected to reach an annual LNG export volume of 33 million tonnes by the end of this decade.
- 3Wood Mackenzie analyzed that Canada is well-positioned to meet increasing long-term low-carbon LNG demand in Asia.
So what's the key point?
Shell and PETRONAS have decided to expand the LNG Canada facilities. This puts Canada in a good position to meet growing demand in Asia.
Source Oilprice.com · View original ↗
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