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LNG Canada Project Stake Sale

Sector: LNG • Location: Kitimat, British Columbia, Canada

Source: EnergyNow

Project
Under Negotiation

Apollo Global Management, Blackstone, and KKR are competing to acquire a significant stake in the LNG Canada project from Shell. The sale involves Shell's 40% stake in the LNG Canada liquefied natural gas export facility, which started production in June and is the first major LNG facility in North America with direct access to the Pacific. The deal is expected to be valued between $10 billion and

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The project “LNG Canada Project Stake Sale” is an infrastructure initiative in the LNG sector, located in Kitimat, British Columbia, Canada. Taiyo aggregates data on it from EnergyNow.

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Participants

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under negotiation

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Description

Description

Apollo Global Management, Blackstone, and KKR are competing to acquire a significant stake in the LNG Canada project from Shell. The sale involves Shell's 40% stake in the LNG Canada liquefied natural gas export facility, which started production in June and is the first major LNG facility in North America with direct access to the Pacific. The deal is expected to be valued between $10 billion and $15 billion. Shell plans to sell exposure in the first and second phases of the project to one bidder to attract new capital ahead of a possible expansion.

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