Canadian LNG exports at final stages

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Canada is poised to regain its competitive edge as a leading North American LNG supplier to Asia, with the first export cargo expected to set sail from Kitimat, British Columbia in early 2025. This development is part of Canada’s broader strategy to capitalize on its geographical advantage and shorter shipping times to Asia compared to the US Gulf Coast. The Shell-led LNG Canada project, along with four other LNG projects, aims to start operations by the end of 2030, enhancing Canada’s capacity to meet the growing global energy demand, particularly in Asia. This resurgence comes after a decade of delays due to regulatory processes and the need for extensive stakeholder engagement, including negotiations with First Nation bands. These projects are not only about meeting external demand but also about stepping up as a reliable energy supplier to both Asian and European markets, emphasizing Canada’s lower carbon-intensive LNG production compared to its competitors.

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