Canada's LNG Export Terminal Doubles Capacity in $23B Expansion

LNG Canada, the company behind Canada's first large-scale liquefied natural gas export terminal, has agreed to a massive expansion project worth C$33 billion (US$23 billion). The Phase 2 expansion will double the facility's capacity and increase exports to overseas energy markets.

The expansion will add two LNG processing units, another storage tank, and an additional loading berth to the existing infrastructure. This will bring the terminal's annual capacity to 28 million tons. LNG Canada is owned by a group of multinational companies including Shell, Petronas, PetroChina, Mitsubishi Corp., and KOGAS.

Canadian Prime Minister Mark Carney praised the expansion, saying it would make LNG Canada the second-largest facility of its kind in the world and create up to 4,000 jobs at peak construction. The project will also trigger a multibillion-dollar expansion of the TC Energy-operated Coastal GasLink pipeline.