Q: Could you comment as to who is the owner of the Coastal Gaslink Pipeline and which companies should benefit the most when the pipeline is complete. Also which company owns the LNG terminal that will ship the liquified gas to offshore destinations. When is the projected date of the first shipment from the LNG terminal. Thanks
5i Research Answer:
TRP owns the pipeline, with partners LNG Canada, Korea Gas Corporation, Mitsubishi, PetroChina and Petronas. The terminal is owned by LNG Canada, but this is a private company. LNG Canada is a joint venture comprised of Shell plc, through its affiliate Shell Canada Energy (40%); PETRONAS, through its wholly-owned entity, North Montney LNG Limited Partnership (25%); and PetroChina Company Limited, through its subsidiary PetroChina Canada Ltd. We would consider gas producers TOU, BIR, PEY and ARX to be some companies that may benefit from developments. According to the company, "the LNG Canada project remains on track to deliver its first cargo by the middle of this decade."