Explainer
What is a final investment decision (FID)?
A final investment decision (FID) is the point where a project's owners formally commit the capital to build it. Before FID, a project is still being designed, permitted and priced. After FID, the owner signs the main construction contracts, places orders for long-lead equipment and starts hiring at scale.
Why it matters if you sell to projects
- Before FID, spending goes mostly to front-end engineering design (FEED), permitting, consultation and sometimes early works under a limited notice to proceed.
- At FID, the big EPC or construction-management contracts usually become firm, and subcontract and supply packages follow over the next months.
- After FID, the schedule is driven by construction, and the next milestones are mechanical completion, commissioning and in-service.
A project can have every permit in hand and still not be built if the owners never take FID. That's why we track FID separately from approvals.
Projects that have taken FID or have a dated decision
- LNG Canada Phase 2B.C. · FID Sep 28, 2026; early works since Oct 1
- Coastal GasLink Phase 2B.C. · Proceeding; conditions met Sep 29
- Cedar LNGB.C. · Pipeline welded; FLNG >50%
- Ksi Lisims LNG + Prince Rupert Gas Transmission (PRGT)B.C. · Pre-FID
- Greenlight Electricity CentreAlberta · FID Jul 2; all major approvals in hand
- Shell Polaris CCS and Atlas hubAlberta · Under construction (Alberta Major Projects); Shell projected a peak of about 400 workers in Q4 2025–Q1 2026
- BC Hydro Peace to Kelly Lake Stations SustainmentB.C. · Implementation phase (board-approved Dec 2022); no material changes in the Nov 2024–Oct 2025 reporting period
Projects still awaiting a decision
- Ksi Lisims LNG + Prince Rupert Gas Transmission (PRGT)B.C. · Pre-FID
- Tilbury Phase 2 LNGB.C. · B.C. EA certificate and federal decision, both Sep 21
- Roberts Bank Terminal 2B.C. · Preferred proponent named July 2026; design and early-works agreement expected Q3 2026
- Centerra Kemess restartB.C. · PEA (Jan 2026): after-tax NPV5% C$1.1B; pre-feasibility study expected 2027
- Pacific Link oil pipelineAlberta · Listed Oct 1 under the Building Canada Act
- Keephills data centre (TransAlta)Alberta · Non-binding MOU, Feb 27, 2026
- Wonder Valley data centreAlberta · Proposed; EPEA and Water Act approvals outstanding
- TNE / Data District data centres (Phase 1)Alberta · Proposed (Alberta Major Projects)
- Crusoe AI data centres with Kalina gas powerAlberta · Proposed (Alberta Major Projects)
- Beacon AI Centers (Heartland and Indus)Alberta ·
- Suncor Base Mine Extension (proposed)Alberta · Early development; project descriptions filed with the AER and Impact Assessment Agency
- Canadian Natural growth projects (on hold)Alberta · On hold until definitive Oil Sands Alliance–Alberta–federal agreements are finalized
What subscribers see that this page doesn’t show
| What you get | Free | Paid |
|---|---|---|
| Project list with owner, status, next milestone and cost | ✓ | ✓ |
| Next 10 dates on the bid calendar | ✓ | ✓ |
| All 64 dated milestones, .ics export and a watchlist | — | ✓ |
| What happens on each date (details for every milestone) | — | ✓ |
| Procurement packages and buyer contacts per project | — | ✓ |
| Two monthly reports (PDF) with maps and buyer tables | — | ✓ |
| Mid-month update on projects that moved | — | ✓ |
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