12/04/2012 - SHELL, ASIAN PARTNERS IN FINAL TALKS TO BUILD $12-BILLION LNG PROJECT ON CANADA'S WEST COAST BANGALORE/TOKYO — Royal Dutch Shell PLC

摘要

Mitsubishi Corp, China National Petroleum Corp and Korea Gas Corp are in the final stages of talks to build a $12.35 billion liquefied natural gas (LNG) terminal on Canada's west coast, which would be the third such project aimed at meeting demand from Asia. The plant near Kitimat, British Columbia, aims to benefit from rising supplies due a boom in shale gas production in Canada, Japan's Nikkei business daily reported on Thursday. The companies will ship gas from their Canadian fields and expect to begin production around 2020 at an annual rate of 12 million tons, the daily said. Stakes in the joint venture have not been decided, but a broad agreement is expected as early as this month, after which the four companies will start seeking approval from local authorities, the Nikkei report said. Mitsubishi Corp, Japan's top trading house, has been considering the project to tap Japan's growing appetite for LNG.