LNG Canada To Start Constructions This Year

The LNG Canada put a break in the liquefied natural gas project in Kitimat in 2016. It was made clear by the CEO Andy Calitz that they have not shelved the project and the project was only delayed.

There is good news on the multi-billion-dollar LNG project. Calitz told that the company is planning to carry on with the LNG project at the Globe Conference forum on Energy Transition. He said that the company will be soon talking about the financial matters with its main partners that also include Royal Dutch Shell.

There was huge skepticism about this large LNG project right from the announcement. The senior executives of Shell and Calitz have been showing great interest in moving forward with the project and carrying on with the LNG Canada project for quite some time now. They have said that they would be making a final investment decision about the project in 2018.

Calitz said at the conference that they are looking to start the construction of the project in 2018. He said that the final investment documents for approving the LNG Canada project is being prepared and then it will be submitted to the stakeholders. Some of the other stakeholders apart from shall include Mitsubishi, Kogas, and PetroChina.

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About the Author: Sarah Tulowitzki

Sarah Tulowitzki is a financial reporter, focusing on technology, national security, and policing. Before joining Canadian Business Tribune she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.

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