Letter from Canada: LNG export industry in disarray
Canada at one stage looked set to be a major LNG exporter, but all except four liquefaction projects have fallen by the wayside
The leaders of Germany and Japan travelled to Canada in recent months to seek additional LNG supplies, but Prime Minister Justin Trudeau paid them little more than lip service. His government is continuing to prioritise climate change, not the energy security of the country’s democratic allies, as the world again breaks into primarily democratic and authoritarian power blocs. Despite massive gas resource in the west of the country, the climate-related policies of the Trudeau government have left the Canadian LNG export industry in disarray, with its main lobby group nearing collapse and few additional projects likely to move forward. Bryan Cox, CEO of the Canadian LNG Alliance, stepped down
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026