LNG Canada Doubles Capacity as Asia Looks Beyond the Gulf
Last month, Shell (NYSE:SHEL), alongside Malaysia's PETRONAS, China's PetroChina, Mitsubishi Corporation and KOGAS, officially approved the Final Investment Decision (FID) for the LNG Canada Phase 2 expansion project, doubling the facility's capacity to 28 million tons per annum (mtpa) and reinforci
Source: OilPrice.com
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DW NOTE
LNG Canada's capacity expansion isn't a commercial bet — it's a geography hedge. With the Strait of Hormuz closed for five days and Brent at $113, Asian buyers are repricing Middle East supply at wartime-risk premiums. Canada offers what Qatar can't guarantee right now: a route to market that doesn't require permission from Tehran.