Looming large: LNG Canada seen as tip of megaproject iceberg

Maarten Wetselaar, integrated gas and new energies director of Royal Dutch Shell Plc, from second left, Andy Calitz, chief executive officer of LNG Canada Development Inc., and Adnan Zainal Abidin, vice president of global LNG at Petronas Bhd, celebrate after signing LNG Canada's final investment decision in Vancouver, British Columbia, Canada. - Bloomberg

LONDON/SINGAPORE: The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020.

Royal Dutch Shell on Tuesday said it would export LNG from the west of Canada by 2025 after approving a C$40 billion (US$31.2bil) project capable of initially producing 14 million tonnes a year.