LNG Canada Partners Eye Early Decision on Phase 2 Expansion

The Shell-led LNG Canada export project may reach a final investment decision on its Phase 2 expansion as early as October. This expansion would add 14 million metric tons per annum of liquefied natural gas export capacity to the facility in Kitimat, British Columbia.

Effectively doubling the project's total capacity to 28 mtpa, this move comes as LNG buyers, particularly in Asia, place a growing emphasis on supply security amid conflict in the Middle East and Red Sea shipping disruptions.

LNG Canada, a joint venture led by Shell and backed by Malaysia's Petronas, PetroChina, Mitsubishi Corp and Korea Gas Corp (KOGAS), is Canada's first large-scale LNG export terminal.