Three of the world’s biggest asset management funds are making multibillion dollar bids for a stake in LNG Canada, Reuters is reporting. The companies are Apollo Global Management, Blackstone and KKR, Reuters said, quoting anonymous sources. Shell and the three companies would not comment to Reuters on the report. If the deal goes through it […]
The energy media, including Reuters and Upstream Online are reporting that both Shell and Mitsubishi are looking to possibly sell off significant portions of their stake in LNG Canada. Petronas, another of the partners in LNG Canada, has already sold off 20 per cent of its stake in the project to a liquified natural gas […]
LNG Canada has postponed the Final Investment Decision on the Kitimat project citing the "impact of global industry challenges." The latest estimates said that the project would cost $40 billion. The news release says that despite strong community support and regulatory approval, what LNG Canada called "the context of global industry challenges, including capital constraints" […]
The Shell-led LNG Canada project in Kitimat has received a facility permit from the B.C. Oil and Gas Commission (OGC), the company said Tuesday. A news release from LNG Canada says the permit is one of the key permits required for the construction and operation of the proposed LNG Canada project. LNG Canada is the […]
The headline on Thursday’s CBC.ca coverage of the sudden controversy over a boycott in British Columbia of Tim Horton's over the Enbridge ads sums up everything that's wrong about media coverage not only of the boycotts, but of northwest energy and environment issues overall. “Tim Hortons yanks Enbridge ads, sparks Alberta backlash.” The anger at […]
The Shell-led LNG Canada project unveiled its commitments to Kitimat at a ceremony at the community information centre at the old Methanex site on October 7, 2014. LNG Canada has forged the commitments in a sheet of aluminum that is bolted to the wall of the community information centre. Kitimat Mayor Joanne Monaghan unveiled the […]
LNG Canada has called a news conference in Vancouver early Wednesday morning to "announce a project milestone." BC Premier Christy Clark, BC LNG Minister Rich Coleman, LNG Canada executives and delegations from the joint venture partners, Shell Canada Energy, Diamond LNG Canada, an (“affiliate” of Mitsubishi), Korea Gas Corporation and Phoenix Energy (an “affiliate” of […]
Britain's Financial Times today chose two Kitimat related companies to highlight how western business is turning more and more to China. Shell turns to Asian suppliers in US shale race (Registration/subscription required) Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company […]
The Kitimat environmental group Douglas Channel Watch has soft launched a new website. It can be found at douglaschannelwatch.ca. At the moment the site redirects to the web designer site, as that company continues to build the site. Full operation of the website is expected to begin in the next few days. Douglas Channel Watch […]
The Coastal Gaslink pipeline proposal to bring natural gas to Kitimat for the Shell LNG Canada project is now entering the 45 day public comment environmental assessment period. It opens on March 21, 2014 and closes May 5, 2014. Coastal GasLink Pipeline is a wholly-owned subsidiary of TransCanada Pipelines. The company is proposing to develop […]