CALGARY — Global energy heavyweight Shell PLC’s plan to buy one of Canada’s biggest natural gas producers bolsters the likelihood an expansion of the LNG Canada plant will move ahead, industry experts say.
The deal to buy Calgary-based ARC Resources Ltd. is valued at $22 billion, accounting for the target company’s debt. It gets Shell access to ARC’s holdings in the prolific Montney shale formation that last year produced 374,000 barrels of oil equivalent per day.
And that means a steady supply to feed into the LNG Canada facility in Kitimat, B.C., where gas piped from northern B.C. and Alberta is chilled into a liquid state, loaded onto
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