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Canada Aims For Part in LNG Export Market

LNG

Canada is aiming for an impact in the global LNG exports with a focus on Asian buyers according to S&P Global.

  • Multiple producers are progressing regulatory approvals and designs for facilities on the Canadian West Coast according to officials at an industry conference in Vancouver.
  • Canadian producers have opportunities to sign long-term offtake deals particularly with Asian buyers with global LNG demand expected to grow 49Bcf/d to 80Bcf/d in 2050 according to Andy Mah from Advantage Oil & Gas.
  • The cost advantage in the feedstock gas price, focus on reducing carbon intensity and a shorter sailing time are all suggested as positives for the future of Canadian LNG.

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