The Globe and Mail reports in its Tuesday edition that Shell PLC and Mitsubishi are considering altering their stakes in LNG Canada to help raise funds for expansion plans at the joint venture's $18-billion export terminal in British Columbia. The Globe's Brent Jang writes that a scenario being considered by Shell and Mitsubishi could result in each of the companies entering deals to extract value from LNG Canada's export terminal in Kitimat. Such transactions would exclude the associated and separately owned $14.5-billion Coastal GasLink pipeline that crosses B.C. to Kitimat. Shell and Mitsubishi could also divest a minority portion of their equity stakes to raise capital while remaining JV partners. London-based Shell has the largest stake in LNG Canada at 40 per cent, followed by Malaysia's state-owned Petronas (25 per cent), Japan's Mitsubishi (15 per cent), PetroChina (15 per cent) and South Korea's Kogas (5 per cent). Costs for Coastal GasLink were pegged at $6.2-billion in 2018, but subsequently rose to $14.5-billion. The contentious pipeline project was completed in late 2023, and LNG exports to Asia began last June. Coastal GasLink is operated by TC Energy, which owns 35 per cent of the trans-B.C. pipeline.