LNG

LNG Canada, the federal government, and British Columbia have agreed on a process to resolve the remaining “final items” needed to support a potential 2026 financial investment decision on the terminal’s Phase 2 expansion.

ADNOC Gas has announced it will take FID on Phase 2 and 3 of its Rich Gas Development (RGD) project in the first quarter of 2026, linking the move to a planned 30% rise in gas processing capacity by 2029 to underpin rising LNG exports.

Shell CEO Wael Sawan is focussing on LNG to improve the company’s financial performance against its rivals. "We are absolutely committed to this sector," Sawan said, though the timing on financial close on LNG Canada Phase 2 will be reassessed.