FLR

Fluor Corporation's joint venture with JGC Corporation has been selected to deliver Phase 2 of the LNG Canada export facility in Kitimat, British Columbia. Fluor expects to recognize its $7.5 billion contract share in Q3 fiscal 2026. Phase 2 will double the facility's production capacity to approximately 28 million tonnes per year and includes construction of an additional LNG storage tank and two new liquefaction units.

Shell has approved the second phase of its LNG Canada project in Kitimat, British Columbia, which will double production capacity from 14 mtpa to 28 mtpa. Phase 2 is expected to deliver nearly 6 mtpa of additional LNG to Shell with double-digit returns starting in the early 2030s. The expansion also triggers a Coastal GasLink pipeline expansion and a $7.5 billion Fluor contract.