LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.
The expansion would double the Kitimat plant’s capacity to 30 million tonnes a year and draw about $33 billion in private investment, the MPO said.
- On Tuesday, partners in the Shell-led LNG Canada project announced approval for a $30-billion-plus expansion at their Kitimat, British Columbia facility, doubling production capacity to 28 million tonnes annually.
- Surging global demand, exacerbated by the closure of the Strait of Hormuz amid the U.S.-Israel war on Iran, has disrupted shipping routes and strengthened the case for export facilities outside conflict zones.
- Shell owns 40 per cent of the joint venture, with Petronas, Mitsubishi Corp, PetroChina, and KOGAS holding the remainder; five B.C. First Nations were offered an option to invest up to $1 billion for infrastructure ownership.
- Prime Minister Mark Carney and Natural Resources Minister Tim Hodgson attended the Vancouver announcement, highlighting the government's strategy to reduce reliance on the United States, Canada's primary energy buyer.
- Commercial operations for the expanded facility are targeted for the early 2030s, positioning Canada as a major global LNG exporter and providing alternative supply for international markets seeking stable energy sources.
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LNG Canada to move forward with Phase 2 expansion project in Kitimat, B.C.
The multibillion-dollar LNG Canada Phase 2 expansion in Kitimat, B.C., is going forward, Shell Energy Canada says, in a move that could double exports of liquefied natural gas from the northern coastal facility to overseas markets.
The British-Netherlands company Shell decided to double the capacity of Canada's first LNG Canada gas liquefaction project to 28 million tons by the early 2030s. The subsidiary Shell plc, Shell Canada Energy, has made the final investment decision for the second phase of the LNG Canada project, which will increase the plant's production capacity, writes TASS with reference to the company. As part of the expansion, two more gas liquefaction lines…
Shell, partners take FID on LNG Canada Phase 2
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Shell partners take: based LNG giant Shell and its LNG Canada partners have made a final investment decision on the project’s second phase, which will double. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
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