Currently, Canada has no operational LNG export terminals.
LNG exports
Canada has no operational LNG export terminals unlike the United States, which has 27 such facilities.
The dominance of the U.S. in Canada’s international trade flows reflects the importance of physical distance on trade patterns.
Generating returns to investors and shareholders in energy companies is a good thing.
Despite the demand, Canada has only one operational LNG terminal.
European natural gas prices have risen more than 30 per cent since Russia invaded Ukraine.
The facility will produce 26 million tons per year of liquefied natural gas.
Last month Petronas pulled the plug on the Pacific Northwest LNG project.
British Columbia’s natural gas resources are substantial and the international market for liquefied natural gas is growing.
Canadian natural gas, sold to markets in India and Asia, could displace some of their need to generate power with coal.