Coastal GasLink Phase 2

LNG Canada, led by Shell, approved a $33 billion expansion to double its LNG production. The project involves Shell, Petronas, PetroChina, Mitsubishi, and Korea Gas. Despite equipment issues, the expansion aims to make it the second-largest LNG facility globally, with construction starting immediately.

Shell and partners approved LNG Canada Phase 2, a $23.2B expansion doubling Kitimat plant capacity to 28M tonnes/year. Project includes two liquefaction trains, expected to start operations in early 2030s. Joint venture consists of Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi (15%), and Korea Gas (5%).

TC Energy is advancing the second phase of its Coastal GasLink pipeline, nearly doubling its capacity to 4.2 billion cubic feet per day. The expansion, expected to start in 2027 and complete in the early 2030s, will use existing infrastructure. LNG Canada, a joint venture, will manage construction, while TC Energy provides support. The project aims to increase LNG exports from British Columbia and create jobs.

TC Energy plans to nearly double the capacity of its Coastal GasLink pipeline from 2.1 Bcfd, according to CEO Francois Poirier. The expansion supports LNG Canada's operations.

LNG Canada, a joint venture led by Shell and including Asian partners, approved phase two of its B.C. natural gas export terminal, costing over $20 billion. This will double capacity to 28 million tonnes annually. Shell aims to strengthen its global LNG portfolio. TC Energy will expand its Coastal GasLink pipeline. Prime Minister Carney attended the announcement.

TC Energy announced its Coastal GasLink Phase 2 project will proceed following LNG Canada's decision to expand. The expansion will double the pipeline's capacity, linking Dawson Creek to LNG Canada's Kitimat export facility. LNG Canada, a joint venture including Shell, Petronas, PetroChina, Mitsubishi, and Korea Gas, will double its production to 28 million metric tonnes annually.