Shell to Build Kitimat LNG Terminal Despite China Investment

Mb50's "Liquid Mud" Rant

 

Shell Canada’s plans to build Kitimat LNG terminal despite the company’s decision to invest $1 billion annually in China’s shale gas exploration, reports The Vancouver Sun.

Stephen Doolan, Shell Canada spokesman said: “The exploration and development of shale gas is expected to grow in China and Shell’s investments, largely with Pet-roChina, are reflective of that growth. However, the demand for energy in China and through-out Asia is expected to exceed domestic production. This demand for energy, coupled with the wider demand for LNG in Asia which is likely to grow by more than 80 million tonnes per annum between now and 2020, underscores Shell’s intent to continue to progress the LNG Canada project.”

Apache Canada, Kitimat LNG terminal plan developer, also stated that Shell’s investment decision wouldn’t influence Kitimat LNG plans.

“We are going to proceed with our plans,” said Andree Morier, communications adviser at Apache Canada

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