Canada's LNG Ambitions Set To Reshape Global Gas Market

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Canada is making significant strides in developing its first LNG export facility, with the potential to boost North America's LNG supply chain.

Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country. But it seems like it’s not the only country to have major gas ambitions, as Canada continues to work on a massive new export facility. Canada has long been planning to become an LNG exporter and thanks to the new development, its ambitions are ever closer, with the potential of supporting North America’s dominance in the global gas industry.

Once the facility is completed, the plant will include a natural gas receiving and LNG production unit, a marine terminal with the capacity to accommodate two LNG carriers, a tugboat dock and LNG loading lines, as well as LNG processing units, storage tanks, a rail yard, a water treatment facility, and flare stacks. The first phase is expected to begin shipments in 2025, which will be followed by the development of a second phase to double annual capacity to 28 million tonnes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines