By Bill Pan Shell is set to buy ARC Resources in a move that would expand the British oil major’s production in western Canada. The two companies announced on April 27 that the transaction, which includes assumed net debt and leases, is valued at C$22 billion, or about US$16.4 billion. The acquisition integrates ARC’s assets […]
Tag: Liquefied Natural Gas (LNG)
Liquefied natural gas is natural gas that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. LNG is odorless, colorless, non-toxic and non-corrosive.
