BG International Limited, a member of the Shell Group, confirmed that the company will discontinue development of the proposed Prince Rupert Liquefied National Gas (LNG) project, located on Ridley Island at the Port of Prince Rupert in British Columbia.
In particular, the companies announced that, acquired as part of the Shell and BG Group combination in 2016, the Prince Rupert LNG project has been part of a global portfolio review of combined assets, which resulted in the decision to discontinue further development.
The project was created to export natural gas to international markets, with natural gas liquefaction plant and corresponding infrastructure-port facilities. It would also include three LNG trains of a seven million tons per year capacity.
During the global portfolio review the local project team has continued to engage locally and to support environmental initiative and social investment activities in the area. The Prince Rupert office will remain open through May 2017 to complete community engagement.
Source & Image credit: Shell