WoodMac sees larger role for Canada in global LNG
WoodMac sees larger role for Canada in global LNG
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Natural Gas News
WoodMac sees larger role for Canada in global LNG
Summary
Proximity to Asian markets will be a key advantage for all Canadian LNG projects. [Image: Cedar LNG] by: Dale Lunan
Although Canada has yet to see its first shipments of LNG from the under-construction LNG Canada project on BC’s northern coast, it could play a bigger role in the global market, consultancy Wood Mackenzie said July 10. Speaking on the sidelines of the LNG2023 conference in Vancouver, Dulles Wang, WoodMac’s director of Americas Gas &...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.