Canada’s Liquefied Natural Gas Opportunity
Liquefied natural gas (LNG) is an incredible opportunity for Canada – and a key tool in reducing world emissions.
A robust Canadian LNG sector would:
Increase World Energy Security
Lower Global Greenhouse Gas Emissions
Provide a Safe, Reliable Source of Energy
Grow Canada’s Economy by Billions of Dollars
What is LNG?
Liquefied Natural GAS (LNG) is natural gas that has been super cooled to -162° C to become a liquid.
Being in a liquid state allows for the gas to be safely transported in an environmentally responsible way via LNG Tanker to world markets.1
If the LNG is released, it poses no threat.
LNG quickly vaporizes as it warms and dissipates into the surrounding air.
It also cannot burn, because it doesn’t contain oxygen.2
SOURCE: 1 & 2 LNG Canada
Being in a liquid state allows for the gas to be safely transported in an environmentally responsible way via LNG Tanker to world markets.1
If the LNG is released, it poses no threat.
LNG quickly vaporizes as it warms and dissipates into the surrounding air.
It also cannot burn, because it doesn’t contain oxygen.2
SOURCE: 1 & 2 LNG Canada
What does LNG mean for Canada?
Simply put: a massive opportunity both environmentally and economically.
Canada is the world’s 5th largest producer of natural gas but when not in a liquified state, it’s transported by pipelines.
While pipelines are safe and effective, we are currently only capable of moving natural gas to the United States.
And when you only have one customer, they set the price.
Which means Canadian natural gas sells at a much lower price than it does around the rest of the world.
Natural gas demand is growing, particularly in Asia.
Which means LNG demand will also increase.
The United States seized that opportunity and developed their LNG sector.
They are now the world’s largest exporter of LNG – exporting close to 80 million tonnes a year.3n
Canada is the world’s 5th largest producer of natural gas but when not in a liquified state, it’s transported by pipelines.
While pipelines are safe and effective, we are currently only capable of moving natural gas to the United States.
And when you only have one customer, they set the price.
Which means Canadian natural gas sells at a much lower price than it does around the rest of the world.
Natural gas demand is growing, particularly in Asia.
Which means LNG demand will also increase.
The United States seized that opportunity and developed their LNG sector.
They are now the world’s largest exporter of LNG – exporting close to 80 million tonnes a year.3n
SOURCE:
3 Reuters
What does LNG mean for Canada?
Simply put: a massive opportunity both environmentally and economically.
Canada is the world’s 5th largest producer of natural gas but when not in a liquified state, it’s transported by pipelines.
While pipelines are safe and effective, we are currently only capable of moving natural gas to the United States.
Canada is the world’s 5th largest producer of natural gas but when not in a liquified state, it’s transported by pipelines.
While pipelines are safe and effective, we are currently only capable of moving natural gas to the United States.
And when you only have one customer, they set the price.
Which means Canadian natural gas sells at a much lower price that it does around the rest of the world.
Natural gas demand is growing, particularly in Asia.
Which means LNG demand will also increase.
The United States seized that opportunity and developed their LNG sector.
They are now the world’s largest exporter of LNG – exporting close to 80 million tonnes a year.3
SOURCE: 3 Reuters
Which means Canadian natural gas sells at a much lower price that it does around the rest of the world.
Natural gas demand is growing, particularly in Asia.
Which means LNG demand will also increase.
The United States seized that opportunity and developed their LNG sector.
They are now the world’s largest exporter of LNG – exporting close to 80 million tonnes a year.3
SOURCE: 3 Reuters
Is Canada too late to the (LNG) game?
The simple answer is NO.
With Canada’s proximity to Asian markets, and our massive natural gas reserve, we have a serious advantage over our competitors.
Currently under construction, the $40 billion LNG Canada megaproject will export 14-million tonnes of LNG a year. The facility is expected to be operational by 2025.
With Canada’s proximity to Asian markets, and our massive natural gas reserve, we have a serious advantage over our competitors.
Currently under construction, the $40 billion LNG Canada megaproject will export 14-million tonnes of LNG a year. The facility is expected to be operational by 2025.
A recent report concluded if Canada develops a 56 million tonne per year LNG industry:
A more than $11 billion annual investment, totalling $500 billion+ by 2064
96,550 Canadian jobs a year and more than $6 billion in wages
71,000 of those jobs in British Columbia, and more than $4.6 billion in wages
More than $108 billion in revenue for Canada’s provinces – with almost $94 billion of that going to British Columbia
SOURCE: Conference Board
Powerful tool in the fight to lower world emissions
LNG isn’t just an economic opportunity for Canada.
It can also play a major role in the global fight against climate change.
It can also play a major role in the global fight against climate change.
Canadian LNG can be part of the solution.
Natural gas produces 50% fewer greenhouse gas emissions from coal.
And LNG from Canada will be even better.
Not only will LNG Canada produce the lowest GHG emissions per tonne in the world, B.C. LNG will be 65% less intensive than coal.
Natural gas produces 50% fewer greenhouse gas emissions from coal.
And LNG from Canada will be even better.
Not only will LNG Canada produce the lowest GHG emissions per tonne in the world, B.C. LNG will be 65% less intensive than coal.
