Shell approves $12bn liquefied natural gas project in Canada

Scheme will send supercooled gas to Asia as countries switch over from coalShell has approved a $12bn (?9.3bn) investment in a mega energy project to send supercooled gas from Canada to China and other Asian countries as they turn from coal to gas.The scheme will be Canada's biggest ever infrastructure project and is the world's first major liquefied natural gas project to be given the go-ahead in five years. Shell has a 40% stake in the $31bn Canada LNG joint venture, along with Malaysian, Chinese, Japanese and Korean energy firms. Continue reading...