LNG Canada to go ahead with Phase 2 expansion project in Kitimat, B.C.
The project adds two liquefaction trains and new storage and loading infrastructure, while partners say it will create thousands of construction jobs.
- 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.
132 Articles
132 Articles
Rob Shaw: LNG facility in Kitimat to be expanded, increasing capacity to 28M tonnes
BC NDP Leader David Eby celebrated the announcement of the expansion of the LNG Canada facility in Kitimat on Tuesday with the prime minister, saying it will provide billions of dollars in economic benefits for the province.
BC Greens deeply disappointed to see LNG Canada Phase 2 move ahead
BC Green Party Leader Emily Lowan said on Tuesday that she is “deeply disappointed to see LNG Canada Phase 2 move ahead with the Final Investment Decision—and to see both the BC NDP, Conservatives all applaud this move, while committing to further expansion of oil and gas throughout our province.” Lowan said in a statement: […]
Canadian PM welcomes major LNG expansion to double production for Asia
OTTAWA, Sept. 29 (Xinhua) -- Canadian Prime Minister Mark Carney welcomed a major private sector investment on Tuesday as LNG Canada approved its Phase 2 expansion project, which will elevate the facility to the second-largest of its kind in the world and strengthen Canada's trade ties with Asia.
My Mother Lode
Canada’s first major LNG export terminal plans to double its capacity
VANCOUVER, British Columbia (AP) — The multinational owners of Canada’s first large-scale liquefied natural gas export terminal agreed Tuesday to a C$33 billion (US$23 billion) expansion in British Columbia that will double the facility’s capacity and expand Canada’s exports to overseas energy markets. LNG Canada said its partners made a final investment decision on Phase...
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