Shell-led LNG Canada weighs Phase 2 expansion for October

Shell and its joint venture partners could approve the Phase 2 expansion of LNG Canada by early October, Reuters reported on 17 September 2026. A spokesperson for the joint venture confirmed that consideration of the final investment decision is advancing, with partners targeting a decision before the end of the year.

The proposed Phase 2 expansion would add 14 million tonnes per annum (mtpa) of liquefied natural gas export capacity. That addition would double the total projected export capacity of the terminal to 28 mtpa, building on the initial 14 mtpa design capacity of Phase 1.

Shell holds a 40% operating equity interest in the LNG Canada joint venture. Phase 1 of the export project involved historical capital expenditures of 40 billion Canadian dollars.

As part of the project framework, First Nations coalition MNT Investments LP signed an option to acquire an equity stake of up to 1 billion Canadian dollars.