LNG Canada Expansion Set to Double Capacity, Boost Canadian Exports

Canada's first large-scale liquefied natural gas (LNG) export terminal is expanding its capacity in British Columbia. LNG Canada, a multinational partnership between Shell, Petronas, PetroChina, Mitsubishi Corp., and KOGAS, has agreed to invest $23 billion in the project. This will double the facility's capacity to 28 million tons per year.

The expansion includes adding two new LNG processing units, an extra storage tank, and a loading berth, all built on top of existing infrastructure from Phase 1, which began exporting last year. Natural gas from western Canada is piped to Kitimat, where it's liquefied and loaded onto tankers for export primarily to Asian markets.

Canadian Prime Minister Mark Carney highlighted the project's significance, stating that the expansion will make LNG Canada the second-largest facility of its kind in the world. The project is expected to create up to 4,000 jobs at peak construction.