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2026
Shell-led consortium makes final investment decision to double LNG Canada production capacity
Shell said on Tuesday that a consortium it leads reached a final investment decision to double production capacity at the LNG Canada project in Kitimat, British Columbia, to roughly 28 million metric tons per annum (mtpa), up from 14 mtpa. Canada's government has previously estimated the project will attract 33 billion Canadian dollars ($23.2 billion) in private sector capital. Shell leads the project with a 40% stake alongside Petronas, PetroChina, Mitsubishi Corp and Korea Gas Corp, with commercial operations set to start in the early 2030s.
2026
GLNG joint venture partners agree to acquire Greater Meridian CSG project
The GLNG joint venture partners – Santos, TotalEnergies, PETRONAS and KOGAS – entered into binding agreements with Westside Corporation and Mitsui E&P Australia to acquire 100 per cent of the Greater Meridian CSG project in Queensland for a gross purchase price of A$430 million (~US$310 million), with Santos acquiring a 30 per cent interest and becoming operator. Completion is targeted for late 2026 and is conditional on regulatory approvals including competition approvals and FIRB clearances.