The project will see the export of around 14 million tons of LNG per year. Mitsubishi’s stake in the project is 15%.
On Tuesday, Mitsubishi Corp stated, it will join Royal Dutch Shell in developing the LNG Canada project in British Columbia.
The $31 billion (C$40 billion) project will be located on the western coast of Canada and will consist of two trains that are expected to export nearly 14 million tons of fuel per year. In this context, trains refers to liquefied natural gas (LNG) production facilities.
LNG Canada is a joint venture between Shell, PetroChina Co Ltd, Korea Gas Corp and Malaysia’s Petronas and Mitsubishi.
According to a statement from Mitsubishi, given that it has a 15% stake in the project it will take delivery of 2.1 million tonnes of LNG annually, based on its share.