{"id":72360,"date":"2026-09-29T03:08:17","date_gmt":"2026-09-29T07:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/shell-greenlights-lng-canada-expansion-seoul-warns-pyongyang-over-dmz-mines\/72360\/"},"modified":"2026-09-29T03:08:17","modified_gmt":"2026-09-29T07:08:17","slug":"shell-greenlights-lng-canada-expansion-seoul-warns-pyongyang-over-dmz-mines","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/shell-greenlights-lng-canada-expansion-seoul-warns-pyongyang-over-dmz-mines\/72360\/","title":{"rendered":"Shell Greenlights LNG Canada Expansion; Seoul Warns Pyongyang Over DMZ Mines"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>) and its partners have officially reached a Final Investment Decision (FID) to double the capacity of the LNG Canada facility to 28 million tonnes per annum (mtpa).<\/strong><\/li>\n<li><strong>South Korean Defence Minister Kang Shin-chul has issued a stern warning to North Korea following a DMZ landmine blast that injured three South Korean officers.<\/strong><\/li>\n<li><strong>The LNG Canada Phase 2 expansion is expected to generate double-digit returns and begin commercial operations in the early 2030s.<\/strong><\/li>\n<li><strong>Seoul is investigating whether the DMZ explosion was caused by mines intentionally planted south of the Military Demarcation Line (MDL) during recent North Korean fortification efforts.<\/strong><\/li>\n<\/ul>\n<hr>\n<h2>Shell and Partners Commit to Doubling Canadian LNG Output<\/h2>\n<p>Shell Canada Energy, an affiliate of Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>), announced on Tuesday that the joint venture participants in <strong>LNG Canada<\/strong> have taken a <strong>Final Investment Decision (FID)<\/strong> for Phase 2 of the project. This expansion will add two liquefaction trains to the facility in Kitimat, British Columbia, effectively doubling its total production capacity from <strong>14 mtpa to 28 mtpa<\/strong>.<\/p>\n<p>The project is a collaborative effort between Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>) (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (<a href=\"\/stock\/8058\">8058<\/a>) (15%), and KOGAS (<a href=\"\/stock\/036460\">036460<\/a>) (5%). Shell expects to receive an additional <strong>6 mtpa<\/strong> of LNG from the expansion, supporting its strategic goal to lead the global integrated gas market. The facility is strategically positioned to supply cost-competitive gas to <strong>Asian markets<\/strong>, where demand is projected to rise by <strong>60% by 2040<\/strong>.<\/p>\n<p>Phase 2 is considered a &quot;nation-building&quot; investment for Canada, representing one of the largest private sector investments in the country&#39;s history. The project has also secured an agreement with a coalition of <strong>First Nations<\/strong>, providing them an option to invest up to <strong>C$1 billion<\/strong> in the expansion. Commercial operations for the new trains are slated to begin in the <strong>early 2030s<\/strong>.<\/p>\n<h2>South Korea Demands Halt to North Korean Border Fortification<\/h2>\n<p>In a separate geopolitical development, South Korea\u2019s newly inaugurated Defence Minister <strong>Kang Shin-chul<\/strong> has urged North Korea to immediately cease its &quot;border-hardening&quot; activities. The demand follows a <strong>September 21 explosion<\/strong> in the western sector of the Demilitarized Zone (DMZ) that seriously injured three South Korean military officers during a route-clearing operation.<\/p>\n<p>Minister Kang stated that the blast appears to be a &quot;secondary effect&quot; of North Korea\u2019s ongoing efforts to fortify the border, which have included building tactical roads and installing new minefields since early 2024. While an official investigation is ongoing, Seoul officials suspect the mines may have been <strong>illegally planted south of the Military Demarcation Line (MDL)<\/strong>.<\/p>\n<p>The South Korean military has vowed to take &quot;appropriate and substantial&quot; measures if it is confirmed that the mines were intentionally placed by North Korean forces. This incident occurs amid heightened tensions, as North Korean troops have reportedly crossed the MDL more than <strong>20 times<\/strong> since mid-August, significantly exceeding the frequency of incursions seen in previous years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Shell (SHEL) and its partners have officially reached a Final Investment Decision (FID) to double the capacity of 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