StocksMedium•30 September 2026•
1 min read
Shell and Partners Approve Phase 2 Expansion of LNG Canada Project
Key Facts
1Shell and its partners have officially approved the Phase 2 expansion of the LNG Canada project in Kitimat, British Columbia.
2The expansion will double the facility's production capacity to 28 million tonnes per annum (mtpa).
Shell and its partners have officially approved the Phase 2 expansion of the LNG Canada project in Kitimat, British Columbia. Seeking Alpha reported that the expansion will double the facility's production capacity to 28 million tonnes per annum (mtpa) to meet global demand for liquefied natural gas.
SHEL closed at $95.14 on September 29, 2026, with the stock reaching a day high of $95.79 and a low of $94.72. The final investment decision to proceed with the expansion aims to significantly increase the facility's export capacity and strengthen the company's energy infrastructure portfolio.