--- title: "Fluor Joint Venture Selected for LNG Canada Phase 2 Expansion Following Final Investment Decision | FLR Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/300404732.md" description: "Fluor Corporation announced that its joint venture with JGC Corporation has been selected to execute Phase 2 of the LNG Canada expansion in Kitimat, British Columbia. Following the Final Investment Decision (FID), the JV received a Notice to Proceed for engineering, procurement, construction, and commissioning services. Fluor will recognize its $7.5 billion share of the contract in Q3 fiscal 2026. The Phase 2 expansion aims to double production capacity to approximately 28 million tonnes per annum." datetime: "2026-09-29T00:37:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300404732.md) - [en](https://longbridge.com/en/news/300404732.md) - [zh-HK](https://longbridge.com/zh-HK/news/300404732.md) generator: "portal-rs" --- # Fluor Joint Venture Selected for LNG Canada Phase 2 Expansion Following Final Investment Decision | FLR Stock News Fluor Canada and JGC Constructors (No2) BC each hold 50% of the venture executing Phase 2. See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google Add on Google IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture with JGC Corporation has been selected to deliver engineering, procurement, fabrication, construction and commissioning for Phase 2 of LNG Canada’s liquified natural gas (LNG) export facility in Kitimat, British Columbia. The joint venture received Notice to Proceed (NTP) following LNG Canada’s final investment decision (FID) yesterday. Fluor will recognize its US$7.5 billion share of the multibillion-dollar contract in the third quarter of fiscal 2026. An aerial view of LNG Canada’s liquified natural gas (LNG) export facility in Kitimat, British Columbia. Fluor and its joint venture partner, JGC Corporation, will provide engineering, procurement, fabrication, construction and commissioning for Phase 2 of the project, which will be built adjacent to the existing facility. The Phase 2 award builds on the joint venture’s successful delivery of Phase 1 and its established track record on the project. “LNG Canada Phase 1 was a landmark achievement for Fluor, and we are excited to carry that momentum into the next chapter,” said Jim Breuer, Chief Executive Officer of Fluor. “The decision to proceed with Phase 2 reflects confidence in Canada’s ability to responsibly develop its natural gas resources and connect them with global markets. Our teams will apply the experience and lessons learned from Phase 1 to deliver a successful project.” Phase 2 will include the construction and commissioning of an additional LNG storage tank and two new liquefaction units, known as trains, doubling the facility’s production capacity to approximately 28 million tonnes per annum. The expansion will enhance processing, storage and shipping capabilities to meet growing global demand for reliable LNG. “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. As construction progresses, our focus will remain on safety, quality and collaboration with our partners, First Nations and local communities.” The joint venture delivered Phase 1 including engineering, procurement, fabrication management, construction and commissioning of two processing trains and associated infrastructure. The facility began producing LNG in June 2025. Handover of the facility was completed in October 2025. Located on Canada’s west coast, the LNG Canada site benefits from access to abundant natural gas resources and an ice‑free deepwater harbor. With the Phase 2 expansion, the facility will be positioned to make a greater long‑term contribution to global energy security and strengthen Canada’s position as a leading LNG exporter. LNG Canada is a joint venture comprised of Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%) and KOGAS (5%). Work at the LNG export facility for the Phase 2 project is being executed by JGC Fluor BC LNG II JV, a Canadian joint venture comprised of Fluor Canada Ltd (50%) and JGC Constructors (No2) BC Ltd (50%). **About Fluor Corporation** Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,500 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube. #EnergySolutions View source version on businesswire.com: https://www.businesswire.com/news/home/20260929958215/en/ Brett Turner Media Relations 864.281.6976 Jason Landkamer Investor Relations 469.398.7222 Source: Fluor Corporation ### Key Terms notice to proceedtechnical A notice to proceed is a formal, written authorization in a contract that tells a contractor to start work and often triggers the project clock, budgets, and key obligations. For investors it matters because it signals that planned spending, revenue recognition, milestone payments and schedule risks are beginning—similar to a green light at a construction site that converts plans into real cash flows and measurable progress. final investment decisiontechnical A final investment decision is the point at which a person or organization chooses to move forward with a particular project or purchase after reviewing all the necessary information and options. It is like deciding to buy a house after considering all the costs, benefits, and alternatives. This decision is important because it determines whether and when the investment will be made, impacting future financial plans and outcomes. lngtechnical Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk. ### Related Stocks - [FLR.US](https://longbridge.com/en/quote/FLR.US.md) - [JGCCY.US](https://longbridge.com/en/quote/JGCCY.US.md) - [1963.JP](https://longbridge.com/en/quote/1963.JP.md) - [V03.SG](https://longbridge.com/en/quote/V03.SG.md) - [EE.US](https://longbridge.com/en/quote/EE.US.md) - [NFE.US](https://longbridge.com/en/quote/NFE.US.md) ## Related News & Research - [Fluor Corporation $FLR Stock: Orange Investment Advisors Inc. 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