LNG Canada

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.

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

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

• Liquefied natural gas export
• LNG production facility
• Natural gas liquefaction
• Energy export infrastructure
• Industrial gas processing

Headquarters

HQ city

Kitimat

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Others

Revenue model

1. 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

Core 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

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• MNT Investments LP (Five First Nations)coreStrategic or Co-development Partner · 14 July 2026LNG 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)coreStrategic or Co-development Partner · 24 June 2026Seaspan 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)coreImplementation/ SI/ Consulting Partner · 25 March 2026TC 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 PartnershipcoreStrategic or Co-development PartnerJoint 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)coreImplementation/ SI/ Consulting PartnerJGC 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 plccoreStrategic or Co-development PartnerShell 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)coreStrategic or Co-development PartnerPETRONAS 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 LimitedcoreStrategic or Co-development PartnerPetroChina 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 CorporationcoreStrategic or Co-development PartnerMitsubishi 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)coreStrategic or Co-development PartnerKOGAS 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 PilotsmajorImplementation/ SI/ Consulting PartnerBC 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 ColumbiacoreStrategic or Co-development PartnerEnhanced 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 CommerceminorChannel Partner/ Reseller/ DistributorLNG 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.
• IndspireminorGTM or Marketing PartnerLNG 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 BCITminorStrategic or Co-development PartnerLNG 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 ReunidasmajorImplementation/ SI/ Consulting PartnerAwarded 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

Market position

Competitive moat6 records

Key highlights2 records

Customer concentration

• Instagraminstagram.com/lngcanada
• Xx.com/lngcanada

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LNG Canada