Scaling up LNG Would Have Spillover Benefits Into Oilsands, New Report Says
The report says faster approvals and new infrastructure could support nearly 250,000 jobs a year across Canada’s LNG value chain.
- On Thursday, S&P Global Energy released a study finding that meeting Canada's goal of 100 MMtpa of liquefied natural gas exports by 2050 could support nearly 250,000 jobs annually and stimulate nearly $1 trillion in total investment.
- Expanding LNG exports offers a powerful scenario for natural gas liquids , which represent 24 per cent of typical gas well production but account for up to half its economic value and support oilsands development.
- Canada faces significant competitive hurdles: permitting processes take 27 months longer than in Texas and pipelines cost 160 per cent more to build, narrowing the market window after 2027.
- Canadian LNG has 55 per cent lower greenhouse gas intensity than similar international projects, potentially avoiding emissions equivalent to 10 million gasoline-powered cars annually, the study says.
- Kevin Birn, Chief Canadian Energy Analyst at S&P Global Energy, emphasized that long-term investment certainty, streamlined permitting, and risk-sharing partnerships are critical to attract capital away from competing countries.
18 Articles
18 Articles
The Toronto Star
Scaling up LNG would have spillover benefits into oilsands, new report says
CALGARY - Scaling up Canada's ability to export liquefied natural gas would not only boost the bottom lines of companies that produce that commodity, but it would have spillover effects into the oilsands and petrochemical sectors, says a new study…
Reaching Canada's 100 MMtpa Federal Ambition for LNG Exports Would Support C$1 Trillion of Investment and 250,000 Jobs Annually Through 2050, New S&P Global Energy Study Finds
/PRNewswire/ -- Meeting the Canadian government's goal of 100 MMtpa of liquefied natural gas (LNG) exports by 2050 would support nearly a quarter million jobs...
New report highlights the hurdles preventing Canada from becoming LNG export leader
Canada’s only liquified natural gas facility began operating last year, yet the country has an opportunity to scale up that industry and become one of the top natural gas exporters in the world, according to a new report.
Social News XYZ
Canada faces narrowing LNG window: study
Washington, Nov 12 (SocialNews.XYZ) Canada could become the world’s third-largest exporter of liquefied natural gas (LNG), but must overcome investment and infrastructure hurdles before a narrowing market opportunity slips away, S and P Global Energy... - Social News XYZ
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