Canada has the opportunity to become a global LNG leader, new report says

Canada has the potential to become one of the world’s leading LNG exporters, with an industry expansion that could generate nearly 250,000 jobs annually and attract almost $1 trillion in investment by 2050, according to Daniel Yergin at S&P Global. The federal government aims to increase LNG exports to more than 100 million tonnes annually, but long permitting processes, high pipeline construction costs and a shortage of proposed projects remain significant obstacles. Canada’s abundant natural gas reserves, relatively low production costs and proximity to Asian markets offer a competitive advantage as global demand for LNG grows amid geopolitical tensions and concerns over energy security, Yergin said.

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