Shell, partners approve LNG Canada Phase 2
Shell – and its partners PETRONAS, PetroChina, Mitsubishi and KOGAS – have taken a final investment decision (FID) on the second phase of LNG Canada, approving a C$33 billion expansion that will double the British Columbia export terminal’s production capacity to 28 mtpa.
LNG Canada, BC gov’ to close final items for Phase 2 FID
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 close to take FID on Rich Gas Development project
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 reassesses timing on LNG Canada Phase 2
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.
