Shell CEO Wael Sawan confirmed on Thursday that the company and its LNG Canada partners expect to take a final investment decision on the second phase of the project by the end of this year.
Shell CEO Wael Sawan confirmed on Thursday that the company and its LNG Canada partners expect to take a final investment decision on the second phase of the project by the end of this year.
LNG giant Shell reported a jump in adjusted earnings in the second quarter of this year, while its LNG sales also increased compared to the same period in 2025.
Shell-led LNG Canada has signed an agreement with five northwestern B.C. First Nations, giving them the option to invest up to C$1 billion ($711 million) to acquire an LNG storage tank slated for construction as part of the expansion of its Kitimat LNG export facility on the west coast of Canada.