Shell and its LNG Canada partners could make a final investment decision as early as October on Phase 2, a British Columbia expansion that would add 14 million metric tons of LNG export capacity annually, taking the project’s total to 28 mtpa. It remains unapproved.
Shell owns 40% of LNG Canada, the project’s largest stake. Phase 1 cost about C$40 billion; Shell said any Phase 2 decision would weigh competitiveness, affordability, government support and stakeholder needs.
The article cites supply disruptions and strong Asian demand as potential support, but flags risks: China’s LNG imports fell to 68.43 million tons in 2025, a three-year low, and a global supply glut could weaken prices.
