Royal Dutch Shell Plc and its partners are set to announce a final investment decision on their $40 billion liquefied natural gas terminal in western Canada as early as next week. The decision may be the start of a wave of investments for major gas export projects. ( Royal Dutch Shell PLC / Royal Dutch Shell PLC )Article Continued BelowEastern Canadian LNG project wins buyers in shadow of western rival “We think 2019 could be the biggest year of LNG FIDs ever,” Nicholas Browne, an analyst with Wood Mackenzie Ltd., said by email. Booming demand growth means that 11 projects, including LNG Canada, are likely to receive FID by the end of 2019, according to BNEF. “The sanctioning of LNG Canada would mark a potential turning point in the LNG market, signalling the industry’s appetite to invest has returned,” Saul Kavonic, Credit Suisse Group AG’s director of Asia energy research, said by email.

Source: thestar September 27, 2018 16:41 UTC