Shell approves C$33 billion LNG Canada expansion

Shell and partners committed to doubling LNG Canada's capacity to 28 million tonnes annually, investing up to $23 billion. Shell owns 40%, with operations expected in the early 2030s. The project aligns with Canadian energy policy, aiming to diversify exports and create jobs. Shell's investment follows its acquisition of ARC Resources, expanding its Canadian gas position. Environmental and Indigenous concerns persist.

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.

LNG Canada partners, including Shell, PETRONAS, PetroChina, Mitsubishi, and KOGAS, approved Phase 2 expansion, doubling capacity to 28 million tonnes annually. Phase 2 adds two liquefaction trains and new infrastructure, with operations expected in the early 2030s. Shell's share will increase its LNG capacity by nearly 6 million tonnes per year, driven by Asian demand. The project is expected to create thousands of jobs and increase Canada's LNG export presence.

Shell has finalized its investment decision on LNG Canada Phase 2, increasing production capacity to 28 mtpa. The project is located in British Columbia.

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%).

Shell, with a 40% stake, plans to double LNG Canada's capacity to 28 mtpa by adding two processing units. The expansion, set for early 2030s, will increase Shell's LNG output by nearly 6 mtpa. LNG Canada is a joint venture with Petronas, PetroChina, Mitsubishi, and Korea Gas.