LNG Canada Phase 2 FID Doubles Capacity to 28 mtpa, Targets Asian Markets

Shell and partners approved FID for LNG Canada Phase 2, doubling capacity to 28 mtpa and positioning Canada as a major LNG supplier to Asia. With Cedar LNG and Woodfibre, exports could reach 33 mtpa by decade's end, diversifying Asian supply away from Gulf dependence. The expansion signals a structural shift in global LNG trade flows, though construction timelines and market demand remain uncertain.

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