Japanese and US Firms Reportedly Secure LNG Canada Project Order

Reuters is reporting today that Japan's JGC Corp and U.S. firm Fluor have won orders to design and build the LNG Canada liquefied natural gas project for an estimated US$14 billion, citing a Japanese business daily Nikkei report Saturday, which did not cite sources. The joint-venture project – Shell (50 per cent), PetroChina Co. Ltd. (20 per cent), Korea Gas Corp. (15 per cent) and Mitsubishi Corp. (15 per cent) – involves building an entire LNG value chain: developing natural gas in Alberta; building the Coastal GasLink pipeline through the Rocky and Coast mountain ranges; building a liquefaction plant/port in Kitimat; and then delivering the refined gas to China, Japan, and Korea across the Pacific Ocean.

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