Shell's Acquisition of ARC Resources and LNG Canada Expansion

operational and planned

Shell plc acquired ARC Resources Ltd. for approximately $16.4 billion USD, adding about 370,000 boe/d production and 2 billion barrels of reserves. This acquisition is strategically aligned with Shell's 40% operating interest in LNG Canada, located in Kitimat, British Columbia, which is Canada's first operational LNG export terminal. LNG Canada currently operates one train with 6.5 mtpa capacity and plans a second train with 7.5 mtpa capacity, aiming for a total of 14 mtpa. Additional proposed LNG projects include Ksi Lisims LNG with 12 mtpa capacity. The combined potential LNG export capacity in Canada could reach approximately 26 mtpa, positioning Canada as a significant competitor in Asian LNG markets.