Shell Purchases Marine Terminal Near Kitimat in Move to Export LNG to Asia

Royal Dutch Shell PLC confirmed that it has bought an LNG export site near Kitimat, British Columbia from Calgary-based Cenovus Energy to assess the feasibility of building an LNG export facility to export Canadian natural gas to Asia. The site was acquired on behalf of Shell’s joint venture project with Japan’s Mitsubishi, China National Petroleum and Korea Gas. Shell is a Calgary-headquartered global group of energy and petrochemicals companies.