0803 GMT - Shell doesn't expect to take a final investment decision on Phase 2 of its LNG Canada project until 2026, RBC Capital Markets analysts write after hosting an investor event with the energy company's president of integrated gas. Canadian elections later this month could complicate the process as Shell will need assurances from the provincial and federal government on long-term policy stability, they say. While some of the required infrastructure was built during Phase 1, further investment is needed to increase gas compression on the pipeline from Groundbirch to the LNG facility, the analysts say. Shares trade 1.6 % higher at 2,408.50 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 04:03 ET (08:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.