Day late, dollar short for Canada
Weak prices and local protests are threatening Canada's LNG-export plans
Canada is keen to get in on the liquefied natural gas game. Faced with dwindling exports of natural gas to the US-its only foreign market-the country is desperate to find new buyers. It's looking to Asia. These efforts took a step forward in September when, after a three-year delay, the federal government approved Petronas's C$36bn ($27.12bn) Pacific NorthWest LNG project, which includes a C$15bn liquefaction terminal, associated pipelines and an upstream component. It was the first major energy infrastructure project Justin Trudeau's government has approved since he took office in May, and the sunset ceremony on Canada's picturesque pacific coast made for a perfect photo op. But barely 24 h
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
