C$40 billion LNG project moves forward

Business in Vancouver reported on October 2 that the five partners of LNG Canada — Royal Dutch Shell, Petronas, PetroChina, Mitsubishi Corporation and KOGAS South Korea — approved a final investment decision on the project.

The total investment on the project is estimated at C$40 billion, making it the largest industrial investment ever made in Canada. Construction on a two-train liquefied natural gas plant and marine terminal in Kitimat, British Columbia, and on a 670-kilometre natural gas pipeline, will begin later this year. LNG Canada says that the project will employ 4,500 to 7,000 workers during peak construction times.

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