logo
First cargo leaves LNG Canada

First cargo leaves LNG Canada

Cision Canadaa day ago
CALGARY, AB, June 30, 2025 /CNW/ -- Shell Canada Energy, an affiliate of Shell plc ("Shell"), announced that the first cargo of liquefied natural gas (LNG) has left the LNG Canada facility on the west coast of Canada. At 40%, Shell has the largest working interest in the LNG Canada joint venture. Located in Kitimat, British Columbia, the facility will export LNG from two processing units or "trains" with total capacity of 14 million tonnes per annum (mtpa).
"LNG Canada grows our leading integrated gas portfolio, providing a reliable supply of LNG to markets, most notably in Asia," said Cederic Cremers, Shell's President, Integrated Gas. "We expect that supplying LNG will be the biggest contribution Shell will make to the energy transition over the next decade, and projects like LNG Canada position our portfolio to achieve this."
As Asian markets transition away from coal, exports from LNG Canada are well positioned to play a crucial role in global decarbonisation efforts. LNG is a lower-carbon alternative to coal when used for electricity generation and a partner for intermittent renewables.
Shell's LNG Outlook 2025 forecasts global demand for LNG is set to rise by around 60% by 2040, largely driven by economic growth in Asia. LNG Canada's strategic location on Canada's Pacific Coast connects cost-competitive upstream gas from British Columbia to growing Asian demand.
LNG Canada brings a new source of economic development to British Columbia, delivering a competitive, secure, and reliable source of energy in partnership with local communities and First Nations.
Notes to editors
LNG Canada is a joint venture comprised of Shell plc, through its affiliate Shell Canada Energy (40%); PETRONAS, through its wholly-owned entity, North Montney LNG Limited Partnership (25%); PetroChina Company Limited, through its subsidiary PetroChina Canada Limited (15%); Mitsubishi Corporation, through its subsidiary Diamond LNG Canada Ltd. (15%); and Korea Gas Corporation, through its wholly-owned subsidiary Kogas Canada LNG Ltd (5%). It is operated through LNG Canada Development Inc.
At Capital Markets Day 2025, Shell announced plans to reinforce our leadership position in liquefied natural gas (LNG) by growing sales by 4-5% per year through to 2030.
Each LNG Canada joint venture participant will provide its own natural gas supply and individually offtake and market their respective share of LNG from the project.
All LNG produced at the facility -- from day one -- will be provided to Shell and the other joint venture participants.
Over 50,000 Canadians have worked on the LNG Canada venture with more than CAD $5.8 billion in contracts and subcontracts to local, Indigenous-owned and other businesses in British Columbia.
The project includes an option for a future Phase 2 expansion, which could include the construction of two additional LNG trains, bringing total capacity to 28 million tonnes per annum (mtpa).
Enquiries
UK / International Media Relations: +44 20 7934 5550
Americas Media Relations:
Asia Pacific Media Relations: [email protected]
Middle East and North Africa Media Relations: [email protected]
Cautionary Note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement "Shell", "Shell Group" and "Group" are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms "joint venture", "joint operations", "joint arrangements", and "associates" may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
Forward-Looking statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim"; "ambition"; ''anticipate''; "aspire", "aspiration", ''believe''; "commit"; "commitment"; ''could''; "desire"; ''estimate''; ''expect''; ''goals''; ''intend''; ''may''; "milestones"; ''objectives''; ''outlook''; ''plan''; ''probably''; ''project''; ''risks''; "schedule"; ''seek''; ''should''; ''target''; "vision"; ''will''; "would" and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc's Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, June 30, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
Shell's net carbon intensity
Also, in this announcement we may refer to Shell's "net carbon intensity" (NCI), which includes Shell's carbon emissions from the production of our energy products, our suppliers' carbon emissions in supplying energy for that production and our customers' carbon emissions associated with their use of the energy products we sell. Shell's NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell's "net carbon intensity" or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.
Shell's net-zero emissions target
Shell's operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell's operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell's operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.
Forward-Looking non-GAAP measures
This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc's consolidated financial statements.
The contents of websites referred to in this announcement do not form part of this announcement.
We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Carney praises Canadian unity as Canada Day celebrations kick off

time10 hours ago

Carney praises Canadian unity as Canada Day celebrations kick off

Headlines Latest News Podcasts (new window) Marc Carney is in Ottawa for Canada Day. During his speech, he said he was "proud of Canadians." Photo: La Presse canadienne / Justin Tang Gatherings mark 158th anniversary of Canada. Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? In his first Canada Day address as prime minister, Mark Carney emphasized Canadian unity in a changing world. One hundred and fifty-eight years ago, a few provinces bet on the idea that they'd be stronger together than they ever could be apart. They were right, and so they became a new federation that's now grown into our strong, bilingual, multicultural and ambitious country, Carney said in his video address. That unity includes writing the country's next chapter together in true partnership with First Nations, Inuit and Métis. The prime minister took a moment in the video to acknowledge the recent challenges the country has been facing. The world is changing. Old friendships are fraying, our economy is being buffeted by a trade crisis and our values are being tested by attacks on democracy and freedoms, he said. Here's how to celebrate Canada Day 2025 with CBC (new window) But Carney noted that Canadians have been uniting in a more divided and dangerous world, pointing to his one Canadian economy plan as a way to push back against instability. This is the greatest nation on earth. Our destiny is to make it greater still — not by what we say, but by what we do. Happy Canada Day, said Carney. CBC News CBC's Heather Hiscox brings you live reporting from Charlottetown to kick off a full day of Canada Day … Tax cuts, European defence agreement, removing trade barriers among PM's goals. PM would put supply management back on table if deal depended on it, says ambassador. Statutory holiday falls on a Tuesday this year. Small but mighty company making UV protective clothing.

Fluor Celebrates LNG Canada's First Cargo Export
Fluor Celebrates LNG Canada's First Cargo Export

National Post

time11 hours ago

  • National Post

Fluor Celebrates LNG Canada's First Cargo Export

Article content Milestone Positions Canada as Major Exporter of Liquefied Natural Gas Article content IRVING, Texas & CALGARY, Alberta — Fluor Corporation (NYSE: FLR) announced today that LNG Canada has successfully shipped the first liquefied natural gas (LNG) export cargo from its newly-constructed facility located in the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada. Since 2018, Fluor, and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services to build the facility and support its safe startup. Article content Since 2018, Fluor, and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services to build the facility and support its safe startup. 'This is a significant achievement in Canada's energy landscape and a pivotal moment for Fluor,' said Mike Alexander, Fluor's Business Group President of Energy Solutions. 'First cargo marks the culmination of years of collaboration, innovation and a shared commitment to project delivery excellence between LNG Canada, JGC and Fluor. We are honored to have played such a critical role in delivering the first phase of this world-class LNG facility – safely, efficiently and to the highest standards of quality. This milestone reinforces Fluor's global leadership in delivering complex energy projects.' Article content Located on Canada's west coast, the LNG Canada facility benefits from access to abundant, low-cost natural gas and an ice-free harbor. The plant is the first-of-its-kind in Canada with an annual production capacity of up to 14 million tonnes of LNG. It positions Canada as a major supplier of lower carbon natural gas to global markets and will operate under a 40-year license. Article content 'This facility establishes the global benchmark for responsible LNG development,' said Pierre Bechelany, President of Fluor's LNG & Power business. 'Its design enables LNG Canada to produce LNG with some of the lowest emissions of any large-scale LNG facility in the world.' Article content JGC Fluor used an innovative modular fabrication approach to achieve significant schedule efficiencies by allowing site preparation, early works and construction to occur at the same time as the module fabrication off-site. More than 215 modules were delivered and set into place at the site from January 2022 to July 2023. The largest modules measured approximately 45 meters wide, 75 meters deep and 47 meters in height. The project also included the construction of the second largest LNG storage tank in the world, standing 56 meters high and 75 meters in diameter with a volume of more than 225,000 cubic meters. Article content 'Congratulations to our project team and the more than 35,000 workers who helped build the first phase of this facility meeting some of the world's most stringent standards for safety, sustainability and environmental protection,' said James Ticer, Fluor Senior Vice President and Project Director for the LNG Canada Project. 'Fluor's commitment to local economic development and Indigenous community participation was a vital component of the project. JGC Fluor and our subcontractors spent a total of CAD 3.3 billion on goods and services contracted with Indigenous businesses and joint ventures, and nearly $200 million with local area businesses.' Article content LNG Canada is a joint venture between Shell, Petronas, Mitsubishi Corporation, PetroChina and KOGAS. JGC Fluor's involvement in the LNG Canada Project continues through commissioning support and long-term operational readiness services. Article content Fluor's strong presence in Canada spans more than 75 years, safely delivering engineering, procurement, fabrication and construction services to some of the country's largest oil, gas, petrochemical, mining, power and infrastructure projects. Article content Fluor Corporation Article content (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients' greatest challenges. Fluor's nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit Article content , Article content Instagram Article content , Article content LinkedIn Article content , Article content X Article content and Article content YouTube Article content . Article content #EnergySolutions Article content Article content Article content Article content View source version on Article content Article content Contacts Article content Brett Turner Media Relations 864.281.6976 Article content Article content Article content

Shell-Led LNG Canada Ships First Cargo to Meet Asian Demand
Shell-Led LNG Canada Ships First Cargo to Meet Asian Demand

Edmonton Journal

time12 hours ago

  • Edmonton Journal

Shell-Led LNG Canada Ships First Cargo to Meet Asian Demand

Article content (Bloomberg) — Shell Plc has started exports from Canada's first liquefied natural gas project, helping to meet rising Asian demand and extending its position in the global LNG market. The first cargo from the plant in British Columbia was loaded on the vessel Gaslog Glasgow. Operator LNG Canada Development Inc. said on Monday that the ship is destined for 'global markets.' Shell owns 40% of the project.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store