JGC Holdings Corporation is pleased to announce today that JGC Corporation (JGC) and Fluor Corporation (Fluor) have received Notice to Proceed (NTP) for the Phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia, Canada, following LNG Canada's final investment decision (FID). JGC will recognize its US$7.5 billion share of the multibillion-dollar contract in fiscal 2026. The contract is structured primarily on a lump-sum turnkey basis, with certain portions to be executed on a cost plus basis.

In August 2025, JGC and Fluor were awarded a contract by LNG Canada to update the Front End Engineering and Design (FEED) for the proposed Phase 2 expansion and to provide estimation services for the related engineering, procurement and construction (EPC) scope, following the successful delivery of Phase 1 in 2025. Following completion of the FEED update and further advancement of the project execution plan to a decision-ready stage, LNG Canada has announced its final investment decision on the Phase 2 expansion, leading to the issuance of NTP to the JGC Fluor Joint Venture.

Masayuki Sato, Representative Director, Chairman, President & CEO of JGC Holdings Corporation, commented:

"We are proud to continue our contribution to this landmark project as the Phase 2 expansion moves forward following LNG Canada's final investment decision and issuance of NTP. Building on the successful delivery of Phase 1, we will work closely with LNG Canada and Fluor to help ensure the safe, responsible and efficient execution of the Phase 2 expansion, which will further strengthen Canada's role as a supplier of lower-carbon LNG to global markets."

Located on Canada's west coast, the LNG Canada facility benefits from access to abundant, low-cost natural gas and an ice-free harbor. The Phase 1 plant is the first-of-its-kind in Canada with an annual production capacity of approximately 14 million tonnes of LNG. It positions Canada as a major supplier of lower-carbon natural gas to global markets and will operate under a 40-year export licence.

LNG Canada is a joint venture comprised of Shell (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%) and KOGAS (5%).

About JGC Corporation

JGC is contributing to the energy transition as a leading global EPC contractor through strategic LNG projects. JGC remains committed to contributing to planned energy transition projects in line with its purpose of "Enhancing Planetary Health."

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.