Shell doubles down on LNG in Canada

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.

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.

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 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.