(WO) — MidOcean Energy will participate in Phase 2 of the LNG Canada project through its partnership with PETRONAS following a final investment decision (FID) by the project’s joint venture partners.
Phase 2 will add two liquefaction trains at LNG Canada’s facility in Kitimat, British Columbia, doubling production capacity from 14 million tonnes per annum (MMtpa) to 28 MMtpa.
MidOcean’s participation follows its December 2025 acquisition of a 20% interest in the North Montney Upstream Joint Venture, which holds PETRONAS’ upstream investment in Canada, and a 20% interest in North Montney LNG Limited Partnership, which holds PETRONAS’ 25% participating interest in LNG Canada.
The Phase 2 expansion will increase MidOcean’s associated LNG volumes from approximately 0.7 MMtpa to 1.4 MMtpa. The company’s interests span upstream natural gas production in the North Montney and liquefaction and export capacity through LNG Canada.
“We have long believed in LNG Canada as one of the world’s most advantaged projects: with the scale, resource depth, and Pacific Basin access to deliver reliable energy to global markets for decades,” said MidOcean CEO De la Rey Venter.
The Kitimat facility provides access to western Canada’s natural gas resources and Pacific shipping routes to Asian LNG markets. MidOcean Energy was formed and is managed by energy and infrastructure investor EIG.
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