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LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.
The project will add two liquefaction trains and an extra storage tank, lifting output from 14 million tonnes a year to 28 million.
- 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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Shell announced that it will double the production capacity of its LNG Canada facility in the province of British Columbia, betting on growing demand for gas in Asia. Exclusive material for subscribers. To have full access, access the material link and register.
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Coverage Details
Total News Sources66
Leaning Left19Leaning Right5Center16Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 40%
12%
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