Canada's LNG Ambitions Set To Reshape Global Gas Market

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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.

 

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