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Petro皇冠体育app to develop Canadian LNG project

(Xinhua) Updated: 2012-05-16 17:10

BEIJING - Petro皇冠体育app Company Limited announced Wednesday that it will cooperate with Shell Canada Ltd, Korea Gas Corporation and Mitsubishi Corporation to jointly develop a proposed liquefied natural gas (LNG) project near Kitimat, British Columbia, Canada.

Shell will hold a 40-percent working interest in the project, while the other three companies will each take a 20-percent share, according to a news release by Petro皇冠体育app.

The proposed LNG Canada project will include the design, construction and operation of a gas liquefication plant, and facilities for the storage and export of LNG, said the news release.

The first phase of the project consists of two LNG processing units, each with an annual capacity of 24 million tons, according to Petro皇冠体育app.

"Petro皇冠体育app is very confident in the future of the LNG Canada project. This project will contribute to a further strengthening of trade relationships between 皇冠体育app and Canada...," said Bo Qiliang, vice president of Petro皇冠体育app.

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