Mitsubishi Sells LNG Canada Supply Ahead of FID Expected in October

9 August 2018: 

Japan’s Mitsubishi is understood to have sold a part of its 1.95 MMt/y of equity volumes from the LNG Canada export project on the Pacific Coast of British Columbia as Shell, the project’s main sponsor, is expected to make the final investment decision (FID) in October.

Mitsubishi owns a 15% stake in the 13-MMt/y tolling project on North America’s Pacific Coast. Shell owns 40%, and the other stakeholders are Malaysia’s state-owned Petronas with 25%, PetroChina with 15% and Korea’s Kogas with 5%. The project’s second phase would double its output to 26 MMt/y.

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