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To: Goose94 who wrote (22723)	2/26/2018 6:36:59 AM
From: Goose94	Respond to of 203382

Teri Viswanath on BNN.ca @ 1130ET Shell updates global LNG outlook

To: Goose94 who wrote (22723)	4/2/2018 7:16:18 AM
From: Goose94	Read Replies (2) \| Respond to of 203382

LNG: Shell Canada has mapped out plans to tap into its vast reserves of natural gas in northeast British Columbia to help supply a proposed terminal at Kitimat for exports. Shell's Groundbirch joint venture with PetroChina is positioned to play the leading role in supplying the Shell-led liquefied natural-gas project, LNG Canada. Shell owns an 80-per-cent stake in the Groundbirch natural-gas play while the remaining 20 per cent is held by PetroChina. Estimates say the Groundbirch reserves will last more than 35 years based on existing production levels. Shell also holds 50 per cent of LNG Canada. Phase one in Kitimat will have two "trains," or separate LNG cooling processes. Each train is being designed to handle 6.5 million tonnes a year of LNG exports to Asia, for a total of 13 million tonnes annually in the first phase. A relatively small amount of natural gas would be accessed through the open market. LNG Canada's construction costs would be up to $40-billion, including the Kitimat export terminal and TransCanada's proposed $4.7-billion Coastal GasLink pipeline from northeastern B.C. to Kitimat.