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Shell shelves Prince Rupert LNG project – COSBC

by ahnationtalk on March 17, 2017110 Views

BG International, a member of Shell Group, has confirmed that it is discontinuing development on the proposed liquefied natural gas project that was to be on Ridley Island in Prince Rupert. The company says its Prince Rupert office will remain open until May, in order to complete community engagement. The project appeared to lose favour, after Shell aquired BG Group two years ago but in the press release it alo noted that the LNG Canada project in Kitimat continues to be actively progressed by Shell and the joint venture participants as an opportunity to bring Canadian gas resources to the growing global gas markets. Shell’s LNG outlook, issued last month, projects demand to grow at a rate of four-to-five per cent per year between now and 2030.

Reade More: http://www.cosbc.ca/index.php/local/item/3272-shell-shelves-prince-rupert-lng-project

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