LNG Canada
LNG Canada is a joint venture that operates Canada's first large-scale LNG export facility in Kitimat, BC, with two 14 mtpa processing trains shipping LNG to Asian and European utilities. It is owned by Shell, PETRONAS, PetroChina, Mitsubishi, and KOGAS.
- Company typePrivate
- Founded2018
- HeadquartersKitimat, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
What LNG Canada does
LNG Canada is a joint venture company that operates Canada's first large-scale liquefied natural gas export facility, located on the traditional territory of the Haisla Nation in Kitimat, British Columbia. The facility entered commercial operations in 2025, with the first LNG cargo departing June 30, 2025 and Train 2 entering production in November 2025, bringing the Phase 1 nameplate capacity to 14 million tonnes per annum across two processing trains. It is co-owned by five global energy companies: Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%), and Korea Gas Corporation (5%). The core technology is conventional LNG liquefaction paired with a 225,000 cubic metre cryogenic storage tank (the largest in Canada) using a 9% nickel alloy steel inner tank, complemented by an innovative electric and dual-fuel tugboat fleet (HaiSea Marine) that escorts LNG carriers through the 130-nautical-mile Douglas Channel.
The business model is a tolling/offtake structure in which each joint venture participant supplies its own natural gas feedstock and individually offtakes and markets its proportional share of LNG under long-term contracts with sovereign and utility-grade buyers in Asia (South Korea, Japan, China, Taiwan) and Europe (Germany via SEFE). Pricing is governed by long-term supply agreements with terms of 20–30+ years; pricing details are not publicly disclosed. The facility is differentiated by what is reportedly the lowest carbon intensity of any major LNG project globally — 35% below the world's best-performing facilities and 60% below the global weighted average — and by Pacific Coast access that provides a shorter shipping route to Asian markets than U.S. Gulf Coast competitors.
A proposed Phase 2 expansion would add approximately 13 mtpa of additional capacity (taking total to 28–30 mtpa) at an estimated cost of CAD $40 billion, with a Final Investment Decision targeted before the end of 2026. Phase 2 has been designated a project of national significance by the federal Major Projects Office and is supported by an Enhanced Investment Co-operation Agreement with the governments of Canada and British Columbia. LNG Canada has also established one of the largest Indigenous ownership opportunities in Canadian infrastructure, including a CAD $1 billion equity option for five First Nations in the Phase 2 storage tank and a CAD $500 million marine services joint venture (HaiSea Marine) with the Haisla Nation. Cumulative Phase 1 contracting to Indigenous-owned and local B.C. businesses exceeds CAD $4.9 billion of the CAD $5.8 billion total local contract value, and provincial estimates project CAD $23 billion in direct government benefits over the project's life.
LNG Canada firmographics
Firmographics- Name
- LNG Canada
- Legal name
- LNG Canada Development Inc.
- Website
- https://lngcanada.ca
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- LNG Canada is a joint venture that operates Canada's first large-scale LNG export facility in Kitimat, BC, with two 14 mtpa processing trains shipping LNG to Asian and European utilities. It is owned by Shell, PETRONAS, PetroChina, Mitsubishi, and KOGAS.
- Ownership category
- akta.pro rank
LNG Canada industry classification
Industry- Product category
- Liquefied Natural Gas (LNG) Export and Production
- NAICS
- Pipeline Transportation of Natural Gas (48621)
- SIC
- Wholesale-Petroleum Bulk Stations & Terminals (5171)
- akta.pro primary industry
- LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)
- akta.pro secondary industries
- LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI)
Keywords
Where LNG Canada is headquartered
LocationHeadquarters
- HQ city
- Kitimat
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
LNG Canada business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Others
Revenue model
- LNG Production and Export Sales: LNG Canada produces LNG from two processing trains (Phase 1, capacity 14 mtpa) and sells liquefied natural gas to global markets. Each joint venture participant provides its own natural gas supply and individually offtakes and markets its respective share of LNG. Revenue is generated through long-term take-or-pay contracts with Asian and European buyers. Phase 2 would add capacity up to 30 mtpa.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
LNG Canada product offering
Product offeringCore offering
LNG Canada operates Canada's first large-scale liquefied natural gas (LNG) export facility in Kitimat, British Columbia, with two processing trains producing 14 million tonnes per annum (mtpa). The facility liquefies natural gas supplied via the Coastal GasLink pipeline and exports LNG through its marine terminal under a joint-venture tolling model, with each participant supplying gas and individually offtaking its share of LNG for sale to global markets. A proposed Phase 2 expansion would add two additional trains, increasing total capacity to 28–30 mtpa.
Product overview
LNG Canada operates Canada's first large-scale LNG export facility in Kitimat, British Columbia. The core product is the LNG export facility with two operational processing trains (Phase 1) producing 14 million tonnes per annum of LNG. The proposed Phase 2 expansion would add two additional trains and increase capacity to 28-30 million tonnes per annum. The facility connects to the Coastal GasLink pipeline for natural gas supply and includes marine terminal operations for LNG carrier loading and escort services. An Indigenous equity option agreement provides opportunity for five First Nations to acquire majority ownership in Phase 2 storage tank infrastructure.
Differentiator
Problem solved
Functional benefit
Products and services
- LNG Canada Export Facility (Phase 1) Liquefied natural gas (LNG) export facility in Kitimat, British Columbia, with two processing trains producing 14 million tonnes per annum (mtpa) of LNG for export to global markets via the Douglas Channel marine terminal. The facility is supplied by the Coastal GasLink pipeline and produces LNG at the lowest carbon intensity of any major LNG facility globally (35% lower than world-best performers and 60% lower than the global weighted average).
- Phase 2 Expansion Proposed Phase 2 expansion that would add a 13 mtpa liquefied natural gas facility with two additional processing trains, potentially doubling total plant output to 28–30 mtpa. The expansion would include a 225,000 m³ LNG storage tank and is targeted for a final investment decision before end of 2026.
Quantifiable outcome
- 35% lower carbon intensity than world's best-performing LNG facilities; 60% lower than global weighted average
- +5 more outcomes
Companies that use LNG Canada
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
LNG Canada technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
LNG Canada partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core, major and minor.
- MNT Investments LP (Five First Nations)coreLNG Canada and its JVPs agreed to offer MNT Investments LP (comprising economic development organizations of Gitga'at First Nation, Gitxaała Nation, Haisla Nation, Kitselas First Nation, and Kitsumkalum) an equity option worth up to C$1 billion ($711 million) to acquire majority ownership in a special purpose entity owning the Phase 2 LNG storage tank. The asset would be leased back to LNG Canada for the operational life of the project. Described as one of the largest Indigenous ownership opportunities in Canadian infrastructure.
- Seaspan (North Vancouver)coreSeaspan partnered with Haisla Nation to form HaiSea Marine Limited Partnership, providing tugboat services to LNG Canada. Seaspan's shipyard expertise combined with Haisla Nation's Indigenous partnership creates a model for Indigenous maritime infrastructure ownership.
- TC Energy (Coastal GasLink Pipeline)coreTC Energy's Coastal GasLink pipeline transports natural gas from northeastern B.C. to LNG Canada's Kitimat facility. Phase 1 completed at $14.5 billion. Commercial framework agreements signed in March 2026 for Phase 2, where LNG Canada would lead construction as execution manager while Coastal GasLink provides technical advisory services.
- HaiSea Marine Limited PartnershipcoreJoint venture between Haisla Nation and Seaspan (North Vancouver) providing harbour and escort tugboat services to LNG Canada with an innovative fleet of battery-powered and low-emissions vessels including the dual-fuel HaiSea Kermode and fully electric HaiSea Wamis, Wee'git, and Brave. Worth approximately CAD $500 million contract.
- JGC Fluor BC LNG Joint Venture (JFJV)coreJGC Holdings Corporation and Fluor Corporation joint venture served as EPC contractor for Phase 1, completing two processing trains and supporting infrastructure in 2025. Currently engaged in FEED update services for Phase 2 expansion and received limited notice to proceed (LNTP) for Phase 2 early planning activities.
- Shell plccoreShell holds 40% stake and is the largest owner and operator of LNG Canada through LNG Canada Development Inc. Shell acquired ARC Resources for $16.4 billion (C$22 billion) in 2026 to secure upstream gas supply for LNG Canada. Shell CEO Wael Sawan indicated FID on Phase 2 likely before end of 2026.
- PETRONAS (North Montney LNG Limited Partnership)corePETRONAS holds 25% stake in LNG Canada through its North Montney LNG Limited Partnership entity. PETRONAS is one of Canada's largest natural gas reserves owners with majority of reserves in the North Montney formation in northeast B.C.
- PetroChina Company LimitedcorePetroChina holds 15% stake through its PetroChina Kitimat LNG Partnership subsidiary. Reports indicate PetroChina is weighing options to sell part of its 15% stake to fund expansion, working with an adviser to gauge market interest for a holding potentially worth a few billion dollars.
- Mitsubishi CorporationcoreMitsubishi holds 15% stake through its Diamond LNG Canada Partnership subsidiary. Reports indicate Mitsubishi is exploring sale options for its stake, having engaged RBC Capital Markets to evaluate options, valued at approximately $15 billion including equity, debt, and Phase 2 capital requirements.
- Korea Gas Corporation (KOGAS)coreKOGAS holds 5% stake through its Kogas Canada LNG Partnership subsidiary. South Korea has committed to import at least 1.4 million tonnes of LNG annually from Phase 2 for over 30 years, with KOGAS positioned as a prospective partner in the development.
- BC Coast PilotsmajorBC Coast Pilots board LNG carriers at Triple Island pilot station near Prince Rupert and guide vessels 159 nautical miles through the Douglas Channel to LNG Canada's marine terminal in Kitimat.
- Government of Canada and Government of British ColumbiacoreEnhanced investment co-operation agreement signed May 14, 2026 to collectively progress final items supporting a potential 2026 FID for Phase 2. Joint Venture Participants had previously approved hundreds of millions of dollars in incremental funding on May 1, 2026. Phase 2 designated a major project of national significance by Prime Minister Carney's Major Projects Office.
- Kitimat and Terrace Chambers of CommerceminorLNG Canada partnered with both Chambers of Commerce in 2023 to launch the LNG Canada Business Rebate Program, a $300,000 initiative supporting small and medium-sized local businesses in Kitimat, Terrace, and surrounding Nations.
- IndspireminorLNG Canada has worked with Indspire since 2020 to celebrate Indigenous education and excellence across Canada, sponsoring the Indigenous Women in Leadership Award and supporting 38 Indigenous youth to attend Soaring, Indspire's youth gathering in Vancouver.
- Coast Mountain College and BCITminorLNG Canada developed an innovative power engineering program in collaboration with Coast Mountain College and the British Columbia Institute of Technology (BCIT) to create a local talent pipeline for LNG Canada and other northwestern B.C. facilities. An initial tuition-free readiness program graduated 18 individuals in June 2022.
- Técnicas ReunidasmajorAwarded contract for front-end engineering design (FEED) services for Phase 2 of the Coastal GasLink Pipeline, involving engineering work for five additional compressor stations to double the pipeline's capacity without requiring additional pipeline construction.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
LNG Canada competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights2 records
Customer concentration
LNG Canada social profiles
Digital presenceLNG Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
LNG Canada leadership team
Management profileNumber of profiles
Profiles1 record
LNG Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LNG Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LNG Canada
What does LNG Canada do?
LNG Canada operates Canada's first large-scale liquefied natural gas (LNG) export facility in Kitimat, British Columbia, with two processing trains producing 14 million tonnes per annum (mtpa). The facility liquefies natural gas supplied via the Coastal GasLink pipeline and exports LNG through its marine terminal under a joint-venture tolling model, with each participant supplying gas and individually offtaking its share of LNG for sale to global markets. A proposed Phase 2 expansion would add two additional trains, increasing total capacity to 28–30 mtpa.
Is LNG Canada a public or private company?
LNG Canada is a private company. It is classified as corporate owned and is currently operating.
When was LNG Canada founded?
LNG Canada was founded in 2018. It employs 251 to 500 people.
Where is LNG Canada based?
LNG Canada is headquartered in Kitimat, Canada, in the North America region.
How does LNG Canada make money?
One revenue line is on record: LNG Production and Export Sales.
Does LNG Canada have an API?
No public API is recorded for LNG Canada.
What industry is LNG Canada in?
LNG Canada's product category is Liquefied Natural Gas (LNG) Export and Production. Its primary akta.pro industry code is EUALAFAA, LNG Liquefaction Plants (Onshore & FLNG), with a secondary code of TLAHABAL, LNG Import/Export Terminals (Liquefied Natural Gas). Its NAICS code is 48621 and its SIC code is 5171.