Royal Dutch Shell PLC says it is delaying the LNG Canada joint venture in northern British Columbia.
Shell chief executive officer Ben van Beurden made the announcement Thursday as the company released its financial results. Shell’s fourth-quarter profit slid 56 per cent to US$1.8-billion.
Analysts had expected the LNG consortium to make a final investment decision (FID) in the spring of 2016 on whether to invest up to $40-billion Cdn on construction.
BRENT JANG – Business News Network – February 04, 2016.
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