Canada’s LNG Era Has Officially Begun

The highly anticipated LNG Canada terminal exported its first cargo of liquefied natural gas (LNG) on 30 June 2025 from its facility in Kitimat, British Columbia, marking the nation’s entry into the exclusive LNG export club. LNG Canada, a joint venture between Shell (40%, lead partner), Petronas (25%), PetroChina (15%), Mitsubishi (15%), and Korea Gas (5%), achieved the milestone six years after it took the final investment decision (FID). Western Canada has seen extremely low gas prices – primarily driven by an oversupply from operators with robust growth plans and choke points moving gas both within the basin and to other markets – as a result of which operators have long awaited the start-up of LNG Canada to increase access and boost prices.