Shell’s flagship LNG Canada project is drawing strong buyer interest, thanks to its pricing advantage tied to Canada’s AECO gas index — a cheaper benchmark compared to the U.S. Henry Hub, Shell CEO Wael Sawan said Tuesday at the Energy Asia conference.

“What is particularly attractive about LNG Canada in today’s world, retrospectively, is the AECO indexation,” said Sawan. He emphasized that growing AECO gas supply at lower costs boosts the project’s global competitiveness. “That differential between AECO and Henry Hub, not to mention the proximity to Asia, all of that makes it a particularly attractive project, and it will be one of the lowest carbon projects anywhere in the world,” he added.

As of Monday, the AECO Storage Hub price stood at 96.6 Canadian cents (71.4 U.S. cents) per million British thermal units (MMBtu), significantly below the U.S. Henry Hub futures price of $3.746 per MMBtu, according to SNL Financial data.

LNG Canada, the country’s first LNG export facility, is expected to begin producing its first LNG this month. The project will have a capacity of 14 million metric tons per annum (MTPA) for export.

The joint venture includes Shell, Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas.