LNG Canada pipeline expansion confirmed

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.

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.

TC Energy (TRP) announced the approval of Coastal GasLink (CGL) Phase 2, following LNG Canada's Final Investment Decision. The project will nearly double the pipeline's capacity to 4.2 Bcf/d, transporting natural gas to global LNG markets. Construction is expected to start in early 2027, with completion in the early 2030s, creating jobs and benefiting local communities. The company's shares trade on TSX and NYSE under the symbol TRP.

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.

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.