LNG Canada Phase 2 Approved, Doubling Canada's Export Capacity to 28 Million Tonnes
nashnova research
The Shell-led LNG Canada joint venture has approved its Phase 2 expansion, doubling total export capacity from 14 to roughly 28 million tonnes per year and positioning Canada as one of the world's largest LNG exporters once operations begin in the early 2030s.
What exactly was approved?
LNG Canada, located in Kitimat, British Columbia, will add two new liquefaction trains under Phase 2, lifting total capacity from 14 Mtpa to roughly 28 Mtpa.
This means → a single project doubles Canada's LNG export capability, putting it in the global top tier.
Commercial operations are targeted for the early 2030s; the approval came ahead of earlier Reuters reporting that a final investment decision was expected no sooner than October.
What does Shell get out of it?
Shell holds a 40% stake in the joint venture — the largest single share.
Phase 2 is expected to give Shell an additional ~6 Mtpa of LNG supply.
In plain terms = Shell now holds a long-term gas-supply card worth 6 million tonnes a year, materially strengthening its bargaining position in global gas markets.
Who else is in the consortium?
Partners alongside Shell include Petronas (Malaysia), PetroChina, Mitsubishi Corporation, and Korea Gas Corporation (KOGAS).
This reflects a deliberate strategy by Asia-Pacific's major gas buyers to take direct equity in upstream export infrastructure and lock in long-term supply.
LNG Canada is Canada's first large-scale LNG export terminal and one of the country's biggest private-sector investment projects.
What does the market watch next?
Whether Phase 2 can reach commercial operations on schedule in the early 2030s is the key milestone for assessing Canada's LNG competitiveness.
This means → the biggest regulatory hurdle is now cleared, but construction pace and cost control will determine actual project returns.
If delivered on time, Canada moves from an LNG-export fringe player to a supply heavyweight alongside Australia and Qatar.
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