Veytics Intelligence
2026-09-29 · CNBC

Shell backs $23 billion LNG Canada expansion in boost to Carney's ‘energy superpower’ push

A consortium led by British oil giant Shell is moving forward with expansion plans on its flagship liquefied natural gas project (LNG) in Canada, in a major boost to Prime Minister Mark Carney 's ambition to make the country an " energy superpower ." Shell said in a statement on Tuesday that it had reached a final investment decision to double production capacity at the LNG Canada project in Kitimat, British Columbia, to roughly 28 million metric tons per annum (mtpa), up from 14 mtpa. Shell leads the LNG Canada project with a 40% stake. The joint venture also has the backing of Malaysia's Petronas, China's PetroChina, Japan's Mitsubishi Corp and South Korea's state-owned Korea Gas Corp.

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