Shell backs $23 billion LNG Canada expansion in boost to Carney's ‘energy superpower’ push

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1. 1h ago

   Shell Backs $23 Billion LNG Canada Expansion

   Shell and its consortium partners approved a final investment decision for the $23 billion Phase 2 expansion of LNG Canada in Kitimat, British Columbia. The project will double production capacity to about 28 million tonnes per annum, targeting commercial operations in the early 2030s. Supported by Petronas, PetroChina, Mitsubishi, and KOGAS, the Pacific coast project aims to supply Asian markets. The development aligns with Ottawa's ambition for Canada to become an energy superpower amid global supply disruptions and efforts to diversify away from Russian gas.

   Why it matters

   The expansion reinforces Canada's role as a major liquefied natural gas exporter, backed by private capital and job creation promises. TC Energy is advancing Coastal GasLink following the decision. The outlook remains tied to regulatory alignment, market demand, and evolving geopolitics.

   What is confirmed

   • Shell Canada Energy announced a final investment decision on LNG Canada Phase 2.
   • The expansion will double production capacity at the facility in Kitimat, British Columbia, to about 28 mtpa.
   • The project is backed by a consortium that includes Petronas, PetroChina, Mitsubishi, and KOGAS.
   • Commercial operations for the expanded capacity are slated to begin in the early 2030s.
   • TC Energy is advancing Coastal GasLink after the LNG Canada decision.

   What to watch next

   • Regulatory alignment and approvals for the Phase 2 expansion
   • Updates on commercial operation timelines slated for the early 2030s
   • Further infrastructure developments regarding Coastal GasLink
   Sources used for this update (12)

   1. CNBC — Shell backs $23 billion LNG Canada expansion in boost to Carney's ‘energy superpower’ push
   2. Shell Global — Shell takes final investment decision to double LNG Canada capacity
   3. WSJ — Shell to Double Production Capacity at LNG Canada
   4. reuters.com — Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity
   5. CBC — LNG Canada expansion gets go-ahead, as Carney set to highlight 'historic investment' in Canadian energy
   6. Reuters — TC Energy advances Coastal GasLink after LNG Canada decision
   7. AP News — Canada’s first major LNG export terminal plans to double its capacity
   8. www.cnbc.com — Shell backs $23 billion LNG Canada expansion in boost to ...
   9. www.shell.com — Shell takes final investment decision to double LNG Canada ...
   10. www.wavebrowsernews.com — Shell backs $23 billion LNG Canada expansion in boost to ...
   11. tippinsights.com — Canada Gets $23 Billion LNG Boost As Shell Approves Expansion
   12. factnewsindia.com — Shell backs $23 billion LNG Canada expansion in boost to Carney
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