"I would put money on it – it's getting ahead," says Kitimat Mayor on LNG Canada

KITIMAT, BC – The recent increase in activity in the Kitimat community on the North Coast is spurring the world. optimism that the partnership led by Shell in LNG Canada will make a positive final investment decision in a $ 40 billion liquefied natural gas export project this year. [19659003] Bloomberg News reports that recent developments in the community, including signs that people are living in a 49-apartment building for Shell executives after largely vacant for two years, are indications that the facility will be built. LNG Canada is proposing to build a terminal that could carry up to 28 million tonnes of liquefied gas per year by Kitimat.

Locals would also leave the community's largest current employer – an aluminum smelter owned by the company. by Rio Tinto Alcan – join companies that have been contracted for the project.

"I would put money on it – it would go the other way," said Kitimat Mayor Phil Germuth. Germuth recently hosted a Barclays Banker in the UK and also met with a group that reports to the board of Mitsubishi Corp, a partner of LNG Canada.

Bloomberg News Article courtesy: https://www.bloomberg.com/news/articles/ 2018-07-09 / canada-s-30-billion-lng-hope-edges-more-close-as- ramp-up-up

Related stories