A major liquefied natural gas project is getting closer to a possible green light.
Bloomberg News is reporting that two of Royal Dutch Shell’s Asian partners in the LNG Canada project have approved their share of the investment.
The board of PetroChina Co signed off on its S$3.46 billion share of the Kitimat-based LNG Canada project while Korea Gas Corp. made a similar announcement about its stake.
All partners, including PETRONAS and Japan’s Mitsubishi Corp, will need to make similar approvals before a final investment decision on the project can be made.
LNG Canada expects to decide on the project this fall.
