Canada's LNG Capacity Doubles Amid Major Expansion Plans

Canadian Prime Minister Mark Carney welcomed a major investment in the country's liquefied natural gas (LNG) sector on Tuesday. LNG Canada, a joint venture company composed of Shell Canada, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS, approved its Phase 2 expansion project, which will double the terminal's capacity to 28 million tonnes annually.

This move is expected to strengthen Canada's trade ties with Asia. The Phase 1 project began exporting low-carbon LNG in June 2025, making it the first time LNG was ever exported from Canada directly to customers. Carney stated that 'the historic investments in LNG Canada are proof that Canada is building big and bold again.' He added that 'this facility will export some of the lowest-emitting LNG to new markets in Asia.'

LNG Canada Phase 2 will make the facility the second-largest of its kind in the world. The project has received dedicated support from the Major Projects Office (MPO) since being referred to it in September 2025. TC Energy also announced its final investment decision on the Coastal GasLink (CGL) Phase 2 pipeline project, which will double the pipeline's existing capacity along its 670-kilometer route.