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TC Energy Corp
Symbol TRP
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Close 2025-10-08 C$ 75.67
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Globe says RBC's Harvey sees LNG Canada increase output

2025-10-09 08:33 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Thursday edition that LNG Canada is preparing to start the second processing unit for liquefied natural gas at its export terminal in Kitimat, B.C. The Globe's Brent Jang writes that the Shell-led LNG Canada's first phase in Kitimat features two "trains," or separate LNG cooling processes. The facility became the country's first export terminal for the fuel when it began shipping to Asia from Kitimat in June. The $18-billion terminal relies on natural-gas-fired turbines running at high efficiency to help supercool natural gas into liquid form, with two turbines a train. Flare stacks are used to burn off natural gas during the commissioning process in which the turbines are gradually brought on stream. In a community notice to Kitimat residents this week, LNG Canada said planned flaring, associated with gearing up for the second train, will take place from Oct. 7 to Nov. 10. RBC Capital Markets analyst Michael Harvey said in a research note Wednesday that the start-up phase for Train 2 would support increased sailings in the future. "The project remains in rampup mode," Mr. Harvey said. "At full export capacity, the facility will require roughly 15 export tanker vessels per month."

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