Canada enters the global LNG race
Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico
On 1 July—Canada Day—the first cargo left LNG Canada’s new production facility at Kitimat on the Pacific coast, bound for South Korea. This milestone comes a decade after British Columbia (BC) became ground zero for potential Canadian LNG development. At one point, more than 20 projects were proposed and the BC government was already spending expected tax revenues before any final investment decisions (FID) had been made. The biggest challenge for developers then was managing expectations. In the end, only two projects survived the early phase of LNG enthusiasm, as many were shelved due to project economics and a difficult investment climate. The largest of these is LNG Canada (14mt/yr) at K
Also in this section
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
