BX · News · 20261103N

LNG Canada Capacity Expansion

Blackstone Inc. · 2026-11-03 · Importance null · Surprise null

Blackstone Credit & Insurance and Canadian institutional investors agreed to invest in a 49.9% noncontrolling interest in a Mitsubishi subsidiary holding an interest in LNG Canada. The facility is planning a Phase 2 expansion that is expected to double production capacity to 28 million metric tons annually. Mitsubishi will retain control and its full share of LNG output, while the expansion represents a substantial planned increase in Canadian LNG export capacity.

Key facts

• The LNG Canada Phase 2 expansion is planned to double production capacity to 28 million metric tons annually. source