QUESTION PERIOD — Ministry of Natural Resources
Liquefied Natural Gas
October 9, 2025
I want to ask also about one of the major projects you selected, which is LNG Canada Phase 2, or LNG2, in Kitimat in my province of British Columbia. My understanding is that the proponents have not decided on the final investment decision, or FID, for phase 2. What is your read on market conditions for LNG2, new sources of supply — I’m thinking of the Power of Siberia 2 — new sources of demand and alternative sources of energy? What is your read on what could go into that FID?
I had the opportunity to sit with the proponents for LNG2. I think they are quite bullish on the opportunity. The CEO of Shell — Shell being the lead investor — said they had never been as optimistic about the opportunity to invest in Canada, and they see the conditions as being the best they have seen.
I would also point out that the CEO of Shell happens to be Canadian, so I think he has an interesting perspective.
