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Countdown to Mozambique LNG restart
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Canada LNG Natural Gas markets Europe Energy security ESG
Vincent Lauerman
Calgary
20 June 2022
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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

Also in this section
Countdown to Mozambique LNG restart
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
China creates two-tier oil dynamic
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand

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