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Shell announced on Thursday their three-year plan to cut spending by $15 billion as result of falling natural gas and oil prices.

This represents a 15 per cent decrease on the original budget of approximately $40 billion.

Shell plans on building a natural gas pipeline near Dawson Creek to Kitimat, where the liquefied gas will be loaded onto tankers and shipped to Asia.

The LNG Canada project is a venture between Shell and affiliates of Asian companies Mitsubishi, Korea Gas, and PetroChina Investment.

Follow this link to read the entire Sydney Morning Herald article.

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