Canada’s LNG export rebirth

Europe’s ambitions for a Russian import freeze are a boon to a previously stalled sector

Canadian LNG export projects have had a tough time achieving FID in the past. No projects deliver into the international market and only one, the Shell-led LNG Canada project on the west coast, is under construction. But with spiralling gas prices in Europe and much of Asia, and many European countries scrambling for alternative supplies following Russia’s invasion of Ukraine, optimism has returned to the Canadian LNG industry. And that applies to liquefaction projects on both the west and east coasts of the country, with the federal government suddenly more supportive of eastern projects to help democratic allies in Europe improve their medium-term energy security. Petroleum Economist spoke