The federal government of Canada has approved a C$275m (US$210m) financing for the US$40bn LNG Canada project in Kitimat (British Columbia). Around C$220m (US$167m) will be directed to the acquisition of energy-efficient gas turbines and C$55m (US$42m) to replace a bridge in Kitimat, which will see an increase in traffic.
Shell is the majority shareholder in the project (40%), in partnership with Petronas (25% through the North Montney LNG Limited Partnership), Petrochina (15%), Mitsubishi (15% through Diamond LNG) and Kogas (5%). In October 2018, partners took a final investment decision (FID) on the project, which will consist of two liquefaction trains of 7 Mt/year (14 Mt/year) - with a potential expansion to 28 Mt/year - and is expected to be commissioned by 2024-2025. Each joint venture participant will be responsible to provide its own natural gas supply and will individually offtake and market its share of LNG.
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