Montney shale gas development project/LNG Canada project
Montney shale gas development project/LNG Canada project
Natural gas (shale gas) development business/LNG business Montney shale gas development project/LNG Canada project
Building a natural gas value chain in Canada
Mitsubishi Corporation is building a natural gas value chain in Canada, stretching from upstream resource development to LNG production, export and sales. In terms of upstream businesses, we are working with Ovintiv Inc on developing and producing shale gas from Montney Formation in the area near Dawson Creek, British Columbia. Also, to export and sell the natural gas as LNG, Mitsubishi Corporation made a final investment decision on the LNG Canada project, together with its partners, in October 2018. This project involves the construction of liquefaction facilities in Kitimat, British Columbia, with annual production capacity of 14 million tons (two trains of 7 million tons each), and LNG will be exported and sold to customers in Japan and other East Asian countries.
Natural gas (shale gas) development business/LNG business
Shareholders Composition | Ovintiv Inc. (60%), Mitsubishi Corporation (40%) |
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Shareholders | Shell (40%), Petronas (25%), PetroChina (15%), Diamond LNG Canada Partnership [Mitsubishi Corporation/Toho Gas=96.7:3.3] (15%), Korea Gas Corporation (5%) |
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Location of liquefaction facilities | Kitimat, British Columbia, Canada |
Equity share of production capacity | 2,100,000 tons/year (Mitsubishi Corporation's offtake volume.) |