Korea Gas of South Korea is targeting a stake sell down in the LNG Canada project that would liquefy natural gas for exports to Asian markets.
LNG Canada’s spokeswoman, Katharine Birtwistle told Reuters that Kogas is investigating divesting some of its share interest in the project, but that LNG Canada remains committed to bringing the project forward together.
The $35.6 billion project, located in Kitimat, British Columbia, is currently under environmental review.
Royal Dutch Shell owns 50% and is the operator of the project with PetroChina holding 20% and Mitsubishi Corp owning the remaining 15%.
LNG World News Staff; Image: LNG Canada