CALGARY, Alberta, April 30 (Reuters) - Royal Dutch Shell Plc and three Asian partners in the proposed Canada LNGproject on Wednesday formalized their agreement for the proposedliquefied natural gas facility on British Columbia's PacificCoast, with Shell raising its interest in the partnership.
Under the agreement, Shell will increase its stake in theproject to 50 percent from 40 percent while PetroChina retains its 20 percent interest in the project.Mitsubishi Corp and Kogas will each take a15 percent interest, down from their former 20 percent share.
The partners are expected to make a final decision onwhether to go ahead with the project in 18 to 24 months, aspokesman said. (Reporting by Julie Gordon; Writing by Scott Haggett)