Commodities
Shell Puts Canada at Center of Long-Term Growth Strategy
Energy major Shell is placing Canada at the center of its long-term growth strategy by investing heavily in natural gas through LNG infrastructure and acquiring Calgary-based ARC Resources.
The company's CEO has stated that this investment will drive Shell's expansion in the region. The move comes as LNG Canada reaches full operations, with a Phase 2 decision expected by year-end.
The acquisition of ARC Resources awaits final approval, which is seen as a key step in Shell's growth plans for Canada.