LNG Canada JV partners take final investment decision on Phase 2 expansion

Type: Investment · Technology: Oil Gas · Country: Canada · Announced: 2026-09-29

LNG Canada’s five joint venture partners (Shell, PETRONAS with EIG-managed MidOcean Energy through its partnership with PETRONAS, PetroChina, Mitsubishi Corp. and KOGAS) took a final investment decision on Phase 2 of the LNG Canada expansion on 2026-09-29 to add two additional LNG trains, doubling capacity by 14 mtpa to a total 28 mtpa. Phase 2 will also add an additional LNG storage tank, a condensate tank, a loading berth and expanded utility and process systems at the Kitimat, British Columbia export facility connected to the Montney Formation via the Coastal GasLink pipeline. The facility already operates Phase 1 — two trains producing approximately 14 mtpa — and commenced shipping operations on 2025-06-30 under a 40-year export licence. The decision positions LNG Canada to become one of the world’s largest LNG facilities and aims to strengthen Canada’s role among top five LNG exporting nations by shortening sailing time to Asian markets to about 10 days. The transaction continues under an equity lifting structure where each JV partner is responsible for offtake of its proportionate share of LNG produced, with no financing value disclosed in the announcement.

Counterparties

Source article

📈 The Sherpa Signal — one notable infrastructure deal a day.

📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.