October 2020, Vol. 247, No. 10


Canada’s LNG Prospects: Real Need, Real Limits

By Nicholas Newman, Contributing Editor A recent report from the Conference Board of Canada, funded by the Canadian LNG Alliance, suggests that the country could be exporting as much as 56 mtpa of LNG worth $8.36 billion (C$11 billion) by 2034.  An artist’s rendering of the currently under construction LNG Canada Project. (Image: LNG Canada) Natural gas reserves of 1,220 Tcf, of which 358 Tcf is conventional with the remainder comprising coal-bed methane, shale and tight gas, can support this ambition. Currently, Canada is the world’s fourth-largest producer and sixth-largest exporter of natural gas. Unlike its southern neighbor, Cana

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