| Shell Gets Environmental Nod to its Canada LNG Development - Analyst Blog | |
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Integrated energy major Royal Dutch Shell plc RDS.A has received approval from the environment ministry of Canada to carry on with its liquefied natural gas (LNG) project in British Columbia.
In spite of receiving permission, Shell needs to comply with 50 legal bindings imposed by the federal ministry during the entire span of the development.
The project will likely cost around $32.7 billion and is meant for exporting cheap natural gas from Canada to Asia. Upon completion, the development would produce and transport 13 million tons of LNG, every year. If needed, the project’s capacity can also be doubled in the future.
It is to be noted that this is the third LNG project to receive British Columbia’s environmental assessment certificate.
Shell owns 50% interest in the Canadian development. The other partners are PetroChina Co. Ltd. PTR, Korea Gas Corp and Mitsubishi Corp. of Japan with 20%, 15% and 15% stake, respectively.
Shell is one of the largest integrated energy firms in the world with a strong and diversified portfolio of development projects that offer attractive long-term opportunities. However, the oil price slump has affected the company’s earnings and cash flows, in particular at its upstream unit.
As a result, Shell currently carries a Zacks Rank #3 (Hold), implying that the stock will perform in line with the broader U.S. equity market over the next one to three months.
Meanwhile, two better-ranked players in the energy sector are EQT Midstream Partners, LP EQM and Transmontaigne Partners LP TLP. Both stocks sport a Zacks Rank #1 (Strong Buy).
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Royal Dutch Shell
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CODE : RDSA.AS |
ISIN : US7802592060 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Royal Dutch Shell est une société de production minière de pétrole basée au Pays-Bas. Royal Dutch Shell est cotée au Pays-Bas, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 187,4 milliards €UR (214,0 milliards US$, 191,9 milliards €). La valeur de son action a atteint son plus haut niveau récent le 24 mai 2018 à 31,38 €UR, et son plus bas niveau récent le 30 octobre 2020 à 10,10 €UR. Royal Dutch Shell possède 8 222 179 840 actions en circulation. |