From 2020 to 2022, worldwide gas consumption increased by 64%, which propelled the LNG trade to nearly double
As global energy markets shift dramatically, Canada is presented with a historic opportunity to shape the future. Worldwide natural gas consumption has grown substantially over the past, a London-based consultancy, global gas consumption increased by 64 per cent from 2020, which led to a 15-per-cent decline in pipeline shipments and a corresponding growth in LNG purchases.markets is not just a fleeting trend; it’s a clarion call for Canada to act swiftly and decisively.
seeking to diversify their energy sources. Yet, as things stand, Canada is only projected to supply a Economically, the potential of LNG is staggering. There are now eight LNG export projects across Canada at various stages of development. These projects represent a potentially colossal investment, totalling over $100-billion in capital expenditure and yielding over 50 million tonnes per annum in exports if all are approved and realized.could contribute more than $7.4-billion annually to the economy for the next three decades.
does not mean sacrificing environmental and social standards; it means enhancing efficiency, reducing duplication and fostering a more dynamic regulatory environment that can adapt to the pace of a growing industry and innovation.
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