Teal background. Quote reads “Why are Shell and Mitsubishi reluctant to put more of their own money into Phase 2? …If LNG Canada’s Phase 2 were a fantastic investment opportunity, you’d expect both companies to be willing to put more of their capital into it.” Quote attributed to Clark Williams-Derry, Energy Finance Analyst, IEEFA with black and white photo of Williams-Derry in bottom right corner. Arrow icon in top right corner.
Teal background. Quote reads “Measured per tonne of LNG production capacity, Woodfibre LNG could turn out to be one of the most expensive LNG projects in the world,” IEEFA said, adding that there is looming glut of supplies of the fuel globally. Quote attributed to Clark Williams-Derry, Energy Finance Analyst, IEEFA with black and white photo of Williams-Derry in bottom right corner. Arrow icon in top right corner.
Background photo of orca breaching. Screenshot of article headline from The Globe and Mail titled “Shell, Mitsubishi mull altering stakes in LNG Canada to raise funds for expansion” by Brent Jang and published on January 27, 2026.
LNG is a risky bet.
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