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CORRECTED-Shell says LNG Canada project could cost up to C$40 billion

Fri, 07th Nov 2014 18:02

(Changes name of project to LNG Canada in headline and story)

CALGARY, Alberta, Nov 7 (Reuters) - Royal Dutch Shell Plc, the lead partner in the LNG Canada project planned forBritish Columbia's northern coast, expects the liquefied naturalgas facility to cost as much as C$40 billion ($35.2 billion)when fully complete.

Shell's cost estimate for the project was included in theenvironmental assessment filed with British Columbia regulatorson Friday. The estimate is for when the project is fully builtout, with four trains liquefying Canadian natural gas forshipment to the Asian market.

Shell has a 50 percent stake in the project, which willinitially produce some 12 million tonnes of LNG per year for theAsian market and could be expanded to 24 million tonnes withfour trains operating. PetroChina has a 20 percentshare while Korea Gas Corp and Mitsubishi Corp each hold 15 percent.(1 US dollar = 1.1356 Canadian dollar) (Reporting by Scott Haggett)

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