Shell Pumps Up LNG Canada with $23 Billion Expansion

Energy giant Shell has greenlit a major expansion of its LNG Canada project in British Columbia. The $23 billion investment will more than double production capacity to 28 million metric tons per year, making it one of the largest liquefied natural gas exporters globally.

The facility, located on Canada's Pacific coast, is set to supply Asian markets and support Prime Minister Mark Carney's vision for a diversified economy. Shell holds a 40% stake in the project, with other partners including Petronas, PetroChina, Mitsubishi Corp., and Korea Gas Corp.

Commercial operations are expected to begin in the early 2030s, creating thousands of jobs and attracting billions in private capital. The Canadian government estimates that LNG Canada will be a significant contributor to the country's economic growth and energy security.