Shell still expects mid-year launch for LNG Canada

will be one that when the venture is ready to put a proposal in front of us, we will scrutinize it and we will look at it in the context of does it give us the appropriate return for the risk that we would be taking,” he said.

Sawan said that Shell appreciates the support it has been getting from the provincial government, the federal government, the indigenous people, as well as from “many of our neighbors in Canada” regarding the second phase.

“If there was one thing that we will need to keep an eye on uh it is going to be what is the capital that is going to be required to invest,” he said.

He said LNG Canada is “one of the cleanest plants in the world in terms of an emissions perspective.. and of course, you have the proximity to the Asian market being on the west coast of Canada.”

“So there are so many attractive things, but it needs to make commercial sense and we’ll need to see whether the price of the EPC bid is one that we can essentially bank on to be able to pass our expectations of returns against the risk profile we take,” Sawan said.