Fluor Joint Venture Selected for LNG Canada Phase 2 Expansion

Fluor Corporation (NYSE: FLR) announced that its joint venture with JGC Corporation has been selected to deliver engineering, procurement, fabrication, construction and commissioning for Phase 2 of LNG Canada's liquified natural gas (LNG) export facility in Kitimat, British Columbia. The joint venture received Notice to Proceed (NTP) following LNG Canada's final investment decision (FID) yesterday.

Fluor will recognize its US$7.5 billion share of the multibillion-dollar contract in the third quarter of fiscal 2026. Phase 2 will include the construction and commissioning of an additional LNG storage tank and two new liquefaction units, known as trains, doubling the facility's production capacity to approximately 28 million tonnes per annum.

Jim Breuer, Chief Executive Officer of Fluor, said 'LNG Canada Phase 1 was a landmark achievement for Fluor, and we are excited to carry that momentum into the next chapter.' The expansion will enhance processing, storage and shipping capabilities to meet growing global demand for reliable LNG.