LNG back on Canada’s Arctic agenda with deal
A little-noticed deal and unannounced visit to Canada’s northern frontier have added weight to what might otherwise have been viewed as a long-shot – liquefied natural gas (LNG) exports to Asia
Korea Gas (Kogas) is the catalyst for an emerging idea to convert Arctic gas into LNG for shipment from the hamlet of Tuktoyaktuk on the Beaufort Sea. Interest was stirred in December, when South Korean Kogas reached a C$30 million ($31.3 million) agreement with MGM Energy, the smallest and in recent years only explorer in the Canadian Arctic, for one-third of the local firm’s 60% working interest in the Umiak discovery on the Mackenzie Delta. ConocoPhillips owns the remaining 40%. Two Umiak wells, with an estimated 265 billion cubic feet (cf) of resources, have been granted a significant-discovery licence, based on proof from the owners that the finds could sustain long-term commercial prod
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
