Shareholders approved a final investment decision to expand the Shell
(SHEL.N)-led LNG project at Kitimat, British Columbia, greenlighting a
second-phase build that will roughly double annual export capacity to about 28
Mtpa and is expected to begin commercial operations in the early 2030s. The
expansion, worth tens of billions of dollars, comes as Asian buyers face the
largest supply shock in years; the Iran conflict and a tightening blockade of
the Strait of Hormuz have accelerated demand for non‑Middle East supply. Prime
Minister Carney said Canada could help fill the gap and has listed the LNG
expansion as a national 'nation-building' major project.
