BC LNG Export Capacity Set to Triple in Next Five Years

British Columbia is experiencing an LNG export boom, according to RBN Energy. The region has already seen the completion of the first phase of LNG Canada, a 14-million-ton-per-annum project that began operations this year. A final investment decision on Phase 2 is expected in late 2026, which would double the site's capacity to 28 million tons per annum by 2031-32.

Two smaller projects totaling over 5 million tons per year are also under construction, and a 12-million-ton proposal may be sanctioned soon. If all these projects come online as expected, British Columbia could have more than 45 million tons of LNG export capacity, equivalent to over 6 billion cubic feet per day of natural gas, by the early 2030s.

The second wave of BC-focused LNG export development is moving much faster than the first phase, which took 14 years from project announcement to first cargo. The co-owners of LNG Canada Phase 1 are targeting a late 2026 FID on Phase 2, which would significantly increase Western Canada's LNG export capacity.