Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeCommoditiesEnergyOil & GasPetroChina reportedly mulling LNG Canada stake sale to fund growthPetroChina may reduce its holding gradually through several smaller transactionsAuthor of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.Kiitimat (April 2026) — an LNG storage tank at the LNG Canada liquefaction plant in Kitimat B.C. is seen in April 2026. Photo by Rob Trendiak Photography/LNG CanadaPetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Chinese state-owned energy giant is working with an adviser to help gauge interest for its 15 per cent stake, which could be worth a few billion dollars, the people said, who asked not to be identified because the deliberations are private. PetroChina may reduce its holding gradually through several smaller transactions, they added.The discussions are at an early stage and no final decision has been made, the people said. PetroChina and LNG Canada didn’t immediately respond to requests for comment.China’s largest oil and gas producer plans to use proceeds from the sale to help finance the facility’s second phase, the people said. The expansion, which would double the plant’s output, is gaining urgency as the war involving Iran and the closure of the Strait of Hormuz — a key route for about a fifth of global LNG shipments — leave the market facing a supply crunch.The LNG Canada project has provided an important alternative for China after the Middle East conflict disrupted deliveries from Qatar, which supplied nearly 30 per cent of Chinese LNG imports last year. Cargoes from Canada have partly offset that shortfall, ship-tracking data show.The first phase of the project’s facility in Kitimat, British Columbia, began exports last year, kicking off a wave of new global supply. Its partners — which include Shell Plc, Mitsubishi Corp., Petroliam Nasional Bhd. and Korea Gas Corp. — agreed to invest in the US$31 billion project in 2018.Chinese companies are also seeking more LNG from Canada and other producers to reduce their reliance on Persian Gulf supplies and guard against future disruptions, Bloomberg reported earlier this month.With assistance from Stephen Stapczynski, Ruth Liao and Ocean Hou Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.