Shell’s $40B LNG Canada Makes Its First Cargo – thedeepdive.ca

July 2, 2025

The ship carrying the first cargo from LNG Canada slipped down Douglas Channel at dawn, marking Canada’s debut as an LNG-exporting nation.

The $40 billion venture is led by Shell with a 40% stake, alongside state-owned Petronas (25%), PetroChina (15%), Mitsubishi (15%), and Korea Gas (5%). Phase 1 features two liquefaction trains that can load 14 million tonnes per year.

“LNG Canada grows our integrated gas portfolio, providing a reliable supply of LNG to markets, most notably in Asia,” said Shell Integrated Gas chief Cederic Cremers. “Supplying LNG will be the biggest contribution Shell will make to the energy transition over the next decade.” 

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