CALGARY, Alberta, April 30 Royal Dutch Shell Plc
and three Asian partners in the proposed Canada LNG
project on Wednesday formalized their agreement for the proposed
liquefied natural gas facility on British Columbia's Pacific
Coast, with Shell raising its interest in the partnership.
Under the agreement, Shell will increase its stake in the
project to 50 percent from 40 percent while PetroChina
retains its 20 percent interest in the project.
Mitsubishi Corp and Kogas will each take a
15 percent interest, down from their former 20 percent share.
The partners are expected to make a final decision on
whether to go ahead with the project in 18 to 24 months, a
(Reporting by Julie Gordon; Writing by Scott Haggett)