The LNG Canada partners (Shell with 50%, PetroChina with 20%, Mitsubishi Corporation with 15% and Kogas with 15%) have decided to delay again a final investment decision (FID) on their LNG Canada project that was planned for late 2016. Partners will need more time to take a FID on the project, in a context of global industry challenges, including capital constraints. In the coming weeks, LNG Canada will continue key site preparation activities and work with its joint venture participants, partners, stakeholders and First Nations to define a revised path forward to FID.
LNG Canada will consist of two LNG trains of 6 Mt/year each (up to 6.5 Mt/year) with an option to later double the liquefaction capacity to four trains. Commissioning was expected in 2022. In January 2016, the Canadian energy regulator, National Energy Board (NEB), approved a 40-year export licence to LNG Canada. The project will be allowed to export up to 38 bcm/year of LNG (maximum exports of 1,494 bcm of gas over the 40-year period) from the proposed gas liquefaction plant to be located near Kitimat, British Columbia, Canada. The project received approval from the Oil and Gas Commission (OGC) of British Columbia in early January 2016.