Shell Greenlights LNG Canada Phase 2, Doubling Export Capacity to 28M Tons
SHEL sits 40% above its 52-week low of $68.625.
Summary
Shell and partners took a final investment decision on LNG Canada Phase 2, adding two liquefaction trains that double capacity from 14M to 28M tons/year. Shell holds 40% and expects nearly 6M tons/year of additional LNG, with operations starting early 2030s. This is a major capital commitment that locks in long-term LNG growth and strengthens Canada's export position. The project was already on a list of national importance, but FID is the concrete go-ahead. Watch for capex guidance and partner funding details in upcoming disclosures.
At the time of this announcement, SHEL was trading at $96.32 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $276.6B. The 52-week trading range was $68.63 to $99.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.