Fluor wins $7.5B share of LNG Canada Phase 2 expansion contract

Fluor Corporation (NYSE: FLR) announced that its joint venture with JGC Corporation has been selected to provide engineering, procurement, fabrication, construction and commissioning for Phase 2 of the LNG Canada export facility in Kitimat, British Columbia.

The joint venture received a Notice to Proceed following LNG Canada's final investment decision. Fluor said it will recognize its $7.5 billion share of the contract in the third quarter of fiscal 2026.

Phase 2 will include construction and commissioning of an additional LNG storage tank and two new liquefaction trains, which the company says will double the facility's production capacity to approximately 28 million tonnes per annum.

The work is being executed through JGC Fluor BC LNG II JV, a Canadian joint venture comprised of Fluor Canada Ltd. (50%) and JGC Constructors (No2) BC Ltd. (50%). The same joint venture previously delivered Phase 1 of the project, which began producing LNG in June 2025 and was handed over in October 2025.

LNG Canada is a joint venture comprised of Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%) and KOGAS (5%).

"Reaching FID is an important milestone for LNG Canada and Fluor," said Pierre Bechelany, Fluor's Business Group President of Energy Solutions. "Our long-standing relationship and successful delivery of Phase 1 provides a strong foundation for the work ahead."

You May Also Be Interested In

• Novartis wins EU approval for Cosentyx in rheumatic disease
• Interactive Brokers launches AI autonomous trading feature
• Leidos wins $160M U.S. Cyber Command contract