Shell-led LNG Canada approves Phase 2 expansion
Key Facts
Shell and its partners approved the Phase 2 expansion of the LNG Canada project in Kitimat, British Columbia. Reuters reported that the expansion will double the facility's production capacity to 28 million tonnes per annum (mtpa).
SHEL closed at $96.47 on September 28, 2026, after reaching a session high of $97.63. The decision is intended to position Canada as a leading LNG exporter and supports Shell's long-term integrated gas strategy.
Latest Updates · 5
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Update: The investment for the LNG Canada Phase 2 expansion is valued at approximately 33 billion Canadian dollars. This figure represents a significant financial commitment by Shell and its partners toward the energy infrastructure in Kitimat.
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Update: MidOcean Energy, an EIG-backed firm, announced its participation in the Phase 2 expansion through its partnership with PETRONAS. The company confirmed its involvement following the final investment decision reached on September 29, 2026.
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Update: The investment for the LNG Canada Phase 2 expansion project is valued at approximately $23 billion. This funding forms part of the partners' financial commitment to scale the facility's operational capacity.
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Update: The Coastal GasLink Phase 2 pipeline project was confirmed to proceed on September 29, 2026. The pipeline infrastructure is essential to support the increased capacity following the Final Investment Decision for the LNG Canada expansion.
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Update: The investment cost for the Phase 2 expansion is valued at $23 billion. This significant financial commitment aims to bolster the energy infrastructure in Kitimat and support long-term export capabilities.