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via finance.yahoo.comBusiness & Companies

LNG Canada doubles capacity as Asia looks beyond the Gulf

FROM THE WIRE · FINANCE.YAHOO.COM

Last month, Shell (NYSE:SHEL), alongside Malaysia's PETRONAS, China's PetroChina, Mitsubishi Corporation and KOGAS, officially approved the Final Investment Decision (FID) for the LNG Canada Phase 2 expansion project, doubling the facility's capacity to 28 million tons per annum…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishDoubling Canadian LNG capacity strengthens long-term supply to Asia, relevant for the energy sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Phase 2 FID doubles capacity to 28 mtpa.
  2. 02Together with Cedar LNG and Woodfibre, Canada could export 33 mtpa by decade end.
  3. 03Wood Mackenzie warns that Canada faces a narrowing window of opportunity.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Shell plcSHELStock105.80 USDMarket closedtoday +0.42%Neutral Natural GasCOMMODITY:NATGASCommodity2.76 USD+0.15%today -1.22%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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