Why is PetroChina considering selling its 15% stake in LNG Canada?

PetroChina is weighing the sale of part of its 15% stake in LNG Canada Development Inc. to help fund the second phase of the LNG Canada facility’s expansion, which aims to double the plant’s output; this move has gained urgency due to supply disruptions caused by the war involving Iran and the potential closure of the Strait of Hormuz — a critical route for about a fifth of global LNG shipments — as well as the broader need to offset reduced deliveries from Qatar, which supplied nearly 30% of China’s LNG imports last year.

What is the strategic importance of the LNG Canada project for China’s energy security?

The LNG Canada project serves as an important alternative source of LNG for China following Middle East conflicts that disrupted deliveries from Qatar, and cargoes from Canada have already helped offset that shortfall, according to ship-tracking data; additionally, Chinese companies are actively seeking more LNG from Canada and other non-Persian Gulf producers to reduce reliance on volatile regional supplies and guard against future disruptions.

PetroChina Is Said to Mull LNG Canada Stake Sale to Fund Growth

Jul 28, 2026

PetroChina is weighing a partial sale of its 15% stake in LNG Canada to fund facility expansion amidst global supply disruptions. Proceeds from the potential transaction aim to finance Phase 2 while reducing reliance on Middle Eastern LNG imports.

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