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Industry optimistic about $40 billion capex at Kitimat
A final investment decision for the fate of the Kitimat, B.C.-based LNG Canada project is looking better than it has been in a long time, judging by activity in the area, the re-entrance of Petronas to the Canadian LNG market and new contracts. The $40 billion FID is the decision of project lead Royal Dutch Shell and partners PetroChina, Mitsubishi and Korea Gas Corp., as well as Malaysian NOC Petronas, which took a 25% stake in May after dropping......
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