Commodities
Shell Puts Canada at Heart of Long-Term Growth Strategy
Energy major Shell is placing Canada at the center of its long-term growth strategy. The company plans to expand its natural gas operations through LNG infrastructure and a takeover of Calgary-based ARC Resources.
At a recent event, Shell CEO mentioned that the company is investing heavily in Canada to drive natural gas growth. This 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 and will further boost Shell's presence in the Canadian market. The company aims to capitalize on the country's vast natural gas resources and expand its reach in the region.