Shell-BG megamerger could impact fate of major B.C. LNG proj

Shell-BG megamerger could impact fate of major B.C. LNG proj

Postby Oscar » Fri Apr 10, 2015 5:54 pm

Shell-BG megamerger could impact fate of major B.C. LNG projects

[ http://www.bnn.ca/News/2015/4/8/Shell-B ... jects.aspx ]

Bertrand Marotte The Globe and Mail

Published Wednesday, Apr. 08 2015, 7:45 AM EDT Last updated Wednesday, Apr. 08 2015, 12:17 PM EDT

Two major liquefied natural gas export projects on British Columbia’s coast face a more uncertain future with Royal Dutch Shell’s proposed $70-billion (U.S.) acquisition of BG Group.

A key issue if the deal, announced Wednesday, goes ahead is whether the merged company will proceed with its own B.C. LNG project as well as that of BG or cancel one or perhaps both.

In the current context of the looming global glut of LNG and slumping prices for oil and gas, many observers say it’s unlikely most of the 19 LNG projects on the West Coast will get built.

Moody’s Investors Service Inc. said on Tuesday that the “vast majority” of North American LNG projects face cancellation.

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[ http://www.bnn.ca/News/2015/4/8/Shell-B ... jects.aspx ]
Oscar
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