Commodities
Mitsubishi and Shell Double Down on Canadian LNG Capacity
A major Canadian liquefied natural gas (LNG) project is set to double its production capacity, thanks to an investment by Mitsubishi Corp. and partners including Shell.
The move is expected to boost energy supplies for Asia, which has been experiencing disruptions due to the Iran war.
Japanese trading house Mitsubishi Corp. will lead the expansion of the LNG Canada project, increasing its production capacity by double.
The project's goal is to strengthen energy supplies for Asia as it grapples with the impact of the Iran war on global energy markets.