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Shell & Mitsubishi Weigh LNG Canada Stake Sales Amid Expansion Plans
ZACKS· 2026-01-20 02:01
Key Takeaways Shell and Mitsubishi are weighing partial stake sales in LNG Canada as backed by major expansion plans there.LNG Canada's Train 1 is operating, and Train 2 is starting, as owners assess risks and capital needs.The project has cost advantages but faces LNG oversupply concerns and operational challenges at Train 2.Per Reuters, oil major Shell plc (SHEL) and Japanese conglomerate Mitsubishi Corp are exploring potential sale options for their stakes in the C$40 billion LNG Canada project. The move ...