Rocky shores
Canada’s LNG-export hopes are fading fast
THESE are not good times for Canada’s budding liquefied natural gas industry. After a promising start, virtually all of 20 proposed export projects are in jeopardy, buffeted by regulatory delays and a glut of LNG on global markets. Just two years ago, Canada was expected to export more than 10bn cubic feet a day (cf/d) of LNG by 2040 – a west coast outlet for British Columbia’s (BC) huge but remote reserves. The Conference Board of Canada, an energy think tank, predicted exports could reach 30m tonnes a year of LNG if only three of all mooted projects come into service by 2025. But this is looking doubtful, as cash-strapped oil producers and their international backers hedge their bets on th
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
