Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity

Shell and its partners on Tuesday gave the green light to a LNG Canada Phase 2 ‌expansion in Kitimat, British Columbia, a C$33 billion bet that will double the facility’s production capacity to 28 million tonnes per annum (mtpa) and put Canada on a trajectory to become one of the world’s ⁠largest LNG exporters.

  • The expansion will add two additional liquefaction trains, increasing LNG Canada’s total export capacity from 14 mtpa to roughly 28 mtpa.
  • Shell, which holds a 40% stake in the joint venture, said it expects to receive nearly 6 mtpa of additional LNG from the expansion, with commercial operations targeted for ‌the ⁠early 2030s.
  • The C$33 billion investment will make LNG Canada the second-largest facility of its kind in the world, said Prime Minister Mark Carney
  • A decision on the project was ⁠expected as early as October, Reuters had exclusively reported earlier this month.
  • LNG Canada, a joint venture led by Shell and ⁠backed by Malaysia’s Petronas PETR.KL, PetroChina, Mitsubishi Corp and Korea Gas Corp (KOGAS), is Canada’s first large-scale ⁠LNG export terminal and one of the country’s largest private-sector investments.
source: reuters.com