Canada advances major LNG projects toward final investment decisions

Two flagship liquefied natural gas (LNG) projects in Canada are moving toward final investment decisions slated for 2026. The Shell‑led LNG Canada facility, already shipping almost 100 cargoes to Asia, is studying a capacity expansion that could double its output. The proposed Ksi Lisims LNG project on the northern B.C. coast, a partnership of the Nisga'a Nation, Western LNG and Canadian gas producers, has secured preliminary supply agreements with Germany's Uniper and Securing Energy for Europe and is seeking further long‑term contracts.

Both projects benefit from strong alignment between provincial and federal governments, which view expanded LNG exports as a way to position Canada as an energy superpower and to offer Asian markets shorter shipping routes than U.S. Gulf‑Coast supplies. In parallel, AltaGas is completing its Ridley Island Energy Export Facility near Prince Rupert, expanding Canada’s propane export capacity and targeting Asian buyers with a transit‑time advantage over U.S. competitors. The developments come as global LNG demand is expected to rise sharply amid geopolitical tensions in the Middle East and Europe.

These initiatives underscore Canada’s strategy to diversify global gas supplies and boost its role in the international energy market.