The highly anticipated LNG Canada terminal exported its first cargo of liquefied natural gas (LNG) on 30 June 2025 from its facility in Kitimat, British Columbia, marking the nation’s entry into the exclusive LNG export club. AECO spot prices have averaged near $0.55 per MMBtu over the past three months, since the start of LNG Canada. So far, production ramp-up at the LNG Canada facility has been slow, although it is common for new terminals to experience some operational hiccups. Pre-FID LNG capacity has also made regulatory progress recently. With Shell recently making positive statements about LNG Canada Phase 2 and Ksi Lisims signing additional SPAs this year, the projects are also making commercial progress.