News Analysis
After seven years of construction on an export terminal, the first large-scale shipment of Canadian liquefied natural gas (LNG) was shipped to Asia on July 1 from Kitimat, B.C., marking a start to a largely untapped sector of the Canadian export market.
The U.S. Energy Information Administration projects that North America’s capacity to export LNG will more than double between 2024 and 2028, leaving room for major growth and prosperity in Canada’s LNG industry going forward.
“The future is really bright if we seize this opportunity with a renewed focus nationally on trade diversification, and an understanding that maybe we don’t want to always be reliant on the U.S.,” Cody Battershill, CEO and founder of Canada Action, a grassroots non-profit that supports Canadian energy, told The Epoch Times….