Running on Empty: 3 Energy Plays for Europe's Deep Freeze

Shell (SHEL) and partners approved the LNG Canada Phase 2 expansion, doubling liquefaction capacity to 28 million metric tons per year. Shell's 40% stake adds 6 million tons annually. The company offers a 3.19% dividend yield, a 31% payout ratio, and a 7.8% 3-year growth rate. Its stock is modestly overvalued by 13.2% based on a GF Value of $84.07. Shell's GF Score is 74/100, reflecting strong profitability and financial strength. Operations are expected to start in the early 2030s.

Shell plc completed the sale of its 50% interest in the Na Kika platform and 100% in the Coulomb tieback in the Gulf of America to Talos Energy and Ridgewood Energy for $840 million. The transaction aligns with Shell's strategy to reshape its Upstream portfolio. The assets were sold for $840 million in cash, adjusted for changes between July 1, 2025, and the closing date.

Shell SHEL and partners approved LNG Canada Phase 2, doubling export capacity to 28M metric tons/year. The expansion, with operations starting in the early 2030s, includes two new liquefaction trains. Shell holds a 40% stake, with other partners including Petronas, PetroChina, Mitsubishi, and Korea Gas.

Shell and partners approved LNG Canada Phase 2, doubling export capacity in Kitimat, British Columbia, positioning Canada as a major LNG exporter. The project will expand the existing facility.

Shell and partners will double the capacity of their LNG Canada facility in Kitimat, British Columbia, to 28 million tonnes annually. The expansion, set for early 2030s, aims to boost exports to Asia. Shell owns 40% of the venture, with other partners including Petronas, PetroChina, Mitsubishi, and Korea Gas Corp. Canadian PM Carney supports the project as part of a strategy to increase energy exports to Asia and reduce dependence on the US.

LNG Canada, owned by Shell, Petronas, PetroChina, Mitsubishi, and KOGAS, approved a C$33B expansion of its Kitimat LNG export terminal in British Columbia, doubling capacity to 28M tons/year. The project, supported by PM Carney, aims to boost exports to Asia and create jobs. TC Energy will expand the Coastal GasLink pipeline, increasing capacity and jobs.