Shell’s subsidiary in Canada said a transaction that gives Malaysian energy company PETRONAS a stake in a planned LNG facility isn’t a statement on timing. Shell and its equity partners behind LNG Canada, a joint venture steering a liquefied natural gas project planned for British Columbia’s port city of Kitimat, said Petroliam Nasional Berhad, better known as PETRONAS, is taking a 25 percent stake in the project. The joint venture behind the project is already in the process of finalizing an engineering contract for service companies JGC Corp. and Fluor Corp. According to Shell, British Columbia holds “one of the largest and most accessible sources of natural gas in the world” in its Montney shale. If […]