Exclusive: Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say

By Arathy Somasekhar, David French and Andres Gonzalez – Reuters

HOUSTON/NEW YORK/LONDON, Jan 16 (Reuters) – Oil major Shell (SHEL.L), opens new tab and Japanese conglomerate Mitsubishi Corp (8058.T), opens new tab are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told Reuters.

The moves come as owners of the massive liquefied natural gas facility weigh a potential expansion, and after another stakeholder, Petronas, successfully offloaded a piece of the project.