Brighter horizons for Canada's LNG exports
As expectations of a world glut fade, Canada’s long-suffering export projects look set to take on a new lustre
A number of factors have combined to engender optimism in Canada's liquefied natural gas sector. Increased Asia-Pacific demand, especially from the emissions-conscious Chinese market; gas producers looking to diversify exports away from their traditional US pipeline market; and progress on key domestic gas transmission arteries suggest additional final investment decisions are likely this year. World LNG imports in 2017 grew at their fastest rate since 2010, rising 9.9% year-on-year, to 289.8m tonnes, according to LNG-importers group GIIGNL. Most of the growth was attributable to Asian-Pacific markets, and to China in particular. Chinese LNG imports rose 43.3% last year from 2016, to 11.6m t
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
