Shell's LNG Canada ‘Sprints’ Ahead After Asian Partners Give OK
- PetroChina, Kogas approve investment in gas export venture
- All partners expected to take final investment decision soon
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Two of Royal Dutch Shell Plc’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval.
The board of PetroChina Co., the nation’s largest oil and gas company, approved its $3.46 billion share of the LNG Canada project, the company said in a filing to the Hong Kong stock exchange Friday. Korea Gas Corp. made a similar announcement in Seoul about its stake.