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Shell-Led LNG Canada Plans $30B+ Phase 2 Expansion

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Story summary
  • Shell-led LNG Canada JV will announce proceeding with a $30-billion-plus Phase 2 expansion.
  • Phase 2 would double Kitimat plant capacity to up to 30 million tonnes of LNG per year.
  • Prime Minister Mark Carney and Natural Resources Minister Tim Hodgson will attend the Vancouver announcement.
  • The expansion could attract about $33 billion in private investment and includes a $735 million USD First Nations option.