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Home Energy News Reuters: LNG Canada cost estimate revealed

Reuters: LNG Canada cost estimate revealed

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Shell says it estimates the facility will cost $25 billion – $40 billion.

Shell’s cost estimate was included in the environmental assessment filed with provincial regulators on Friday.

The filing marks the 180 day review of the proposal; however the company warns they have not yet decided whether to build the plant as they continue to waits on regulatory approvals, a detailed cost estimate and lines up customers for the project’s natural gas.

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LNG Canada is estimating that when the project is fully built, four trains will be transporting as much as 24 million tonnes of Canadian natural gas annually for shipment to the Asian market.

Shell says the project could be in service in about five years following a final investment decision.

Read the entire Reuters article here

With files from Reuters

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