LNG is Canada’s Opportunity

July 6, 2020

By Bryan Cox, President & CEO, Canadian LNG Alliance

Canada, we have an opportunity. We are faced with two incredible and daunting tasks, economic recovery and the necessity of transitioning to cleaner energy solutions. Developing a Canadian liquefied natural gas industry can help us achieve both.

Cooling natural gas to -161 degrees Celsius turns it into a liquid. Liquified natural gas (LNG) takes up a fraction of the space than it does as a gas which allows it to be exported overseas to countries that are looking to switch from coal power to lower-carbon natural gas.

LNG adds value to our natural gas: creating trades training, employment and business opportunities for Canadians as liquefaction facilities and natural gas supply lines are built, operated, creating significant revenues for all three levels of government who fund and deliver our healthcare, education, transportation, public safety services and more.

The $40 billion LNG Canada project under construction in Kitimat, B.C. is the largest private infrastructure investment in Canada’s history. Additional LNG projects are awaiting final investment decisions and together, these projects will provide tens of billions in investment in Canada, thousands of jobs for Canadians and new revenue for governments for generations.

LNG projects in British Columbia will produce among the world’s lowest-emissions intensity LNG, because they will be powered in part, or entirely, by clean hydro-electric power.

While the projects are located in British Columbia, tradespeople, materials and supplies will be sourced from across Canada.

The LNG industry is also working towards economic reconciliation with First Nations.

Unprecedented agreements are in place between First Nations bands and Canadian LNGA members, such as the Squamish Nation-led environmental assessment process for the proposed Woodfibre LNG project, lease agreements with the Haisla Nation and long term benefit agreements that include trades and training opportunities with all of the elected First Nations bands along the proposed Coastal GasLink and Pacific Trail Pipeline natural gas pipelines that will deliver natural gas to the LNG Canada and Kitimat LNG projects.

Far from locking Canada into a future reliant on fossil fuels, continuing to develop our LNG industry provides the critical necessary infrastructure to advance Canada’s net zero emissions goal, including opportunities like the evolution to hydrogen, while supporting jobs and climate action today.  This will help enable Canada to  further develop domestic hydrogen opportunities  and allow Canada to export our low-emission natural gas  to other countries looking to achieve their low-carbon future.

The opportunity is before us. Canada’s LNG industry can lead the way in economic recovery and the transition to our low-carbon future. Now is the time to seize this opportunity through an abundant resource we already produce safely and responsibly.

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