Shell has announced a significant investment of $16.4 billion aimed at expanding its liquefied natural gas (LNG) production capabilities in Canada.
This move reflects the company's strategy to respond to the increasing global demand for energy, particularly in the LNG market.
The investment is expected to bolster the Canadian gas sector and position Shell favorably within the competitive landscape of energy production.
Updates
Update at 06:00 UTC on 2026-05-07
Oil & Gas reported Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market Crude Oil Prices Today | OilPrice.com.
Sources: Oil & Gas