Shell-led LNG Canada expansion is approved. Here’s what it means

Shell Canada and partners approved a $25B expansion of LNG Canada, doubling capacity to 28 MMtpa. Phase 2 adds two processing trains, with operations starting in the early 2030s. Shell holds a 40% stake, expecting 6 MMtpa of additional LNG. The project aims for double-digit returns and supports long-term cash flow growth, with global LNG demand forecasted to rise to 700 MMtpa by 2050, according to the company.

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.

Shell and partners approved a C$33 billion expansion for LNG Canada, doubling its production capacity to 28 million tonnes per annum. Shell holds a 40% stake, with commercial operations targeted for the early 2030s. The project is Canada's largest private-sector investment and aims to make it a major LNG exporter.

LNG Canada, a joint venture including Shell and PetroChina, approved a $25B expansion to double its B.C. terminal capacity to 28M tonnes/year. The project, supported by TC Energy's Coastal GasLink pipeline expansion, aims to meet global energy demand amid geopolitical tensions. Critics raise environmental concerns about flaring and climate goals.

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.

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.