Geopolitics Alpha

Yokogawa bags LNG Canada Phase 2 gig

Published . Updated .

Key takeaways

  • A unit of Japanese engineering firm Yokogawa has secured a contract from a joint venture of US engineer Fluor and Japan’s JGC to serve as the main automation contractor for the Shell-led LNG Canada Phase 2 project in Kitimat, British Columbia.
  • Exposed: UNG, XLE, USO, BWET, EWC
  • Market reaction: price tracking starts with the next trading session.

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Yokogawa bags LNG Canada Phase 2 gig

A unit of Japanese engineering firm Yokogawa has secured a contract from a joint venture of US engineer Fluor and Japan’s JGC to serve as the main automation contractor for the Shell-led LNG Canada Phase 2 project in Kitimat, British Columbia.

Directly affected

  • FLR Fluor-6.2% 14d

    Named in this report.

  • SHEL Shell+3.5% 11d

    Named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-16.0% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+6.9% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.

  • USO United States Oil Fund+6.3% 30d

    United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • EWJ iShares MSCI Japan ETF+0.3% 30d

    iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”).

  • LNG Cheniere Energy+13.7% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.

  • EQT Eqt+7.6% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FLR-2.20%-2.38%baseafter closeafter closeafter closeafter close
SHEL+0.85%+4.31%baseafter closeafter closeafter closeafter close
UNG+4.28%-0.44%baseafter closeafter closeafter closeafter close
XLE+2.64%+4.95%baseafter closeafter closeafter closeafter close
USO+5.38%+6.75%baseafter closeafter closeafter closeafter close
BWET+7.18%+11.56%baseafter closeafter closeafter closeafter close
EWC+2.17%+0.68%baseafter closeafter closeafter closeafter close
EWJ+2.60%+0.32%baseafter closeafter closeafter closeafter close
LNG-4.34%+6.17%baseafter closeafter closeafter closeafter close
EQT+3.64%+2.07%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Yokogawa bags LNG Canada Phase 2 gig LNG Prime

Source: LNG Prime

The price since 4 Nov 2026: United States Natural Gas Fund (UNG) versus the S&P 500

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)three days earlier+11.56%final price
Amplify Commodity Trust (BWET)five days earlier+7.18%final price
Eqt (EQT)three days earlier+2.07%final price
Eqt (EQT)five days earlier+3.64%final price
Ishares Msci Canada Etf (EWC)three days earlier+0.68%final price
Ishares Msci Canada Etf (EWC)five days earlier+2.17%final price
EWJthree days earlier+0.32%final price
EWJfive days earlier+2.60%final price
FLRthree days earlier-2.38%final price
FLRfive days earlier-2.20%final price
Cheniere Energy (LNG)three days earlier+6.17%final price
Cheniere Energy (LNG)five days earlier-4.34%final price
SHELthree days earlier+4.31%final price
SHELfive days earlier+0.85%final price
United States Natural Gas Fund (UNG)three days earlier-0.44%final price
United States Natural Gas Fund (UNG)five days earlier+4.28%final price
United States Oil Fund (USO)three days earlier+6.75%final price
United States Oil Fund (USO)five days earlier+5.38%final price
Select Sector Spdr Tr (XLE)three days earlier+4.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.64%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Yokogawa bags LNG Canada Phase 2 gig”

Companies carried with this story

  • UNG United States Natural Gas Fund

    In “Yokogawa bags LNG Canada Phase 2 gig,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Yokogawa bags LNG Canada Phase 2 gig.” Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story

  • USO United States Oil Fund

    In “Yokogawa bags LNG Canada Phase 2 gig,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “lng” (oil) in this story

  • BWET Amplify Commodity Trust

    In “Yokogawa bags LNG Canada Phase 2 gig,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “lng” (tanker shipping) in this story

  • EWC Ishares Msci Canada Etf

    In “Yokogawa bags LNG Canada Phase 2 gig,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)

  • LNG Cheniere Energy

    Cheniere Energy (LNG) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Yokogawa bags LNG Canada Phase 2 gig.” Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story

  • EQT Eqt

    Eqt (EQT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Yokogawa bags LNG Canada Phase 2 gig.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story

  • KMI Kinder Morgan

    Kinder Morgan (KMI) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Yokogawa bags LNG Canada Phase 2 gig.” Reason on file: Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story

United States Natural Gas Fund (UNG) and the energy link

United States Natural Gas Fund (UNG) is the company in “Yokogawa bags LNG Canada Phase 2 gig,” the 4 Nov 2026 Energy story.

For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story

What this energy story puts on the calendar

UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.12. USO traded between 142.51 and 171.80 across 20 sessions. The latest close on file is 158.17. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

A simple score for United States Natural Gas Fund (UNG)

46 out of 100

“Yokogawa bags LNG Canada Phase 2 gig” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.