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LNG market
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- 1Shell backs $23 billion LNG Canada expansion●Shell backs $23 billion LNG Canada expansion in boost to Carney's ‘energy superpower’ push
Energy giant Shell has thrown its weight behind a $23 billion expansion of the LNG Canada liquefied natural gas project in British Columbia. The decision comes as Prime Minister Mark Carney's government promotes Canada as an 'energy superpower' and seeks to expand LNG exports to Asian markets. The investment is one of the largest committed to Canadian energy infrastructure in years and is being read as a vote of confidence in the country's export ambitions, even as climate advocates remain critical of new fossil fuel developments.