LNG Canada

Stories

Shell and partners approve LNG Canada Phase 2 expansion

Building Phase 2; early site work began in October 2026

Shell and its partners approved a C$33 billion package for LNG Canada and Coastal GasLink on Sept. 29. The decision doubles the Kitimat terminal to 28 million tonnes a year, and crews began work two days later on a storage tank.

Updated Oct 20

Shell completes $16.5 billion acquisition of Canada's ARC Resources

Money Moves

As of September 2026: Operational; potential expansion phase under consideration

Shell closed its $16.5 billion takeover of ARC Resources on September 2, giving the British oil major 370,000 barrels of oil equivalent per day from western Canada's Montney basin. ARC shareholders receive CAD $8.20 cash plus 0.40247 Shell shares for each ARC share they owned.

Updated Sep 4