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Energy

It’s time to get excited about the great Canadian LNG opportunity

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11 minute read

  By Stewart Muir

Canada has a rare window to join the big leagues of LNG exporters—Qatar, Australia, and the United States are not waiting around, and neither should we.

I sometimes catch myself staring out over the waters of British Columbia’s coastline — so calm, so vast, so brimming with unspoken opportunity — and I can’t help but wonder how anyone could fail to notice the promise that Liquefied Natural Gas (LNG) represents for our nation’s future. This country sits atop some of the largest gas reserves on Earth, and we have two coasts eager to connect our product to global markets.

I’m a quietly enthusiastic type by nature, and I don’t often indulge in the “I-told-you-so” routine, but whenever I encounter someone who just hasn’t cottoned on to the excitement around LNG, I feel compelled to stage a gentle intervention.

In my day-to-day role as CEO of Resource Works, I work with communities from Fort St. John to Kitimat, and beyond. Let me assure you, if you want to see Canadians at work, proud of their craft, and eyeing a brighter future, you’ll find them along the pipeline routes and port terminals that are part of our budding LNG industry. And they’re just as commonly found in Vancouver, Victoria and the other cities, just harder to spot with no blue coveralls.

I’ve been following the natural gas story in British Columbia for more than a quarter of a century, going back to my days in the media field. As an editor at The Vancouver Sun, I created the paper’s first-ever energy beat after we noticed something big was stirring in the North East gas fields. It turned out to be an industry animated by regulatory innovation, rich geology, ambitious investors, and some of the most capable people you’ll ever meet.

When talk of LNG exports began to stir in 2011, I dove in with both feet. Over the past 15 years, I’ve followed the LNG file across Canada, around the world, and deep into the heart of British Columbia.

Along the way, I’ve met First Nations chiefs who proudly showed me the schools and businesses they built through new partnerships. I’ve also sat down with those who remain skeptical and had honest, sometimes searching conversations. I’ve learned something from all of them. This is an industry that, at its best, brings people together to solve problems, create opportunity, and build a future worth caring about.

Why am I still so enthused after all these years? LNG is not a flash in the pan, for starters. Through cyclical ups and downs—natural phenomena in any commodity game—international forecasts consistently show that LNG demand won’t be evaporating tomorrow or, quite likely, for several tomorrows yet. The International Energy Agency, the Canada Energy Regulator, and even the U.S. Energy Information Administration all point to steady growth in global LNG trade.

On top of that, if you follow the money, you’ll see billions of dollars flowing into new regasification terminals and record orders for LNG carriers. I may be old-fashioned, but I’ve always found that when so many investors plunk down their capital in one place, it’s seldom a fluke. The world has more than 700 LNG ships plying the seas these days, and hundreds more under construction. That’s not a small bit of confidence.

And let’s talk local: from where I sit, Canada’s jobs outlook tied to LNG looks like a real tonic for communities seeking new opportunities. Construction alone can employ entire regions. Then come the careers that last decades—plant operators, engineers, port and shipping managers, the works. It’s the sort of diversified prosperity that a resource economy yearns for.

We’ve even seen First Nations communities take equity stakes in major LNG projects, forging new partnerships that benefit everyone involved. That’s the model of inclusive economic development that Canadians like to talk about. It’s called walking the walk.

Those voices of skepticism — bless their hearts — sometimes say, “But what about price volatility? The commodity cycles? Are we sure this is sustainable?” Truthfully, no commodity is immune to upswings and downswings. But open a newspaper — digitally or in paper form, your choice— and you’ll find that countries all over the world are expanding their LNG-import infrastructure. Many of them, especially in Asia and Europe, see Canada as a steady, well-regulated, and (importantly) speedy supplier.

Yes, “speedy” might be an odd descriptor for us easygoing Canadians, but let’s not overlook that a West Coast port is only about eight or nine sailing days from major Asian markets, versus more than 20 from the U.S. Gulf Coast. You’d think we’d have lines of ships lined up right now, just for that advantage.

There’s another subtlety that some folks overlook. Right now, much of our gas still flows to the United States, often at discounted prices, only to be converted into LNG down there and sold globally at a premium. If that doesn’t make you shake your head in wonder, I’m not sure what will. Canadians have every reason to want to keep some of that up-chain value right here at home, funneling more of that revenue into local jobs and public coffers. That’s exactly the sort of well-to-customer supply chain we’re poised to build.

And if you’re still not impressed, consider the big jolt to GDP whenever a massive energy project crosses the finish line. Look no further than the Trans Mountain pipeline expansion: once it was substantially complete last year, the national GDP got a measurable jolt. It’s extremely rare that a single anything shows up that way. Now, with the first shipment of Canadian LNG preparing to leave Kitimat in the coming weeks, we can expect a repeat performance. It’s the real economic equivalent of an encore, if you will. And who doesn’t love an encore that boosts paycheques and government revenues?

Canadians may be known worldwide for politeness and hockey, but let’s not forget that boldness is also in our national DNA. Building a robust LNG sector that ties Western and Eastern Canada to major global markets is about as bold an economic strategy as we could pursue right now. Some might call it visionary, others might say it’s just common sense in a world that still demands substantial amounts of energy. Either way, Canada has a rare window to join the big leagues of LNG exporters—Qatar, Australia, and the United States are not waiting around, and neither should we.

At the end of the day, seeing Canadians capture more of the value from our natural resources rather than shipping it across the border at a discount is, for me, both pragmatic and patriotic. It’s the kind of deal that makes you wonder why anyone would hesitate. Perhaps that hesitation is just a bump in the road of public discourse—something we can gently, politely, and persistently overcome.

I, for one, am excited for the first shipment of LNG out of Canada’s West Coast, due any week now. A top executive with the project once whispered to me that the maiden cargo would be worth $100 million, but lately I’m hearing a single shipload is now probably worth double that.

So yes, I’m looking forward to the day when it’s not just a handful of tankers leaving our ports, but a regular fleet serving global customers. It will lift up the whole country, just as it has contributed to America’s tearaway economy in recent years and elevated Qatar from desert outpost to World Cup host nation.

Soon, maybe all the doubters will have recognized the obvious — and joined the rest of us on the bandwagon with front-row seats to Canada’s LNG future. Sure, I’m biased, but only because the facts keep reinforcing that this sector is poised to do a world of good for Canadians from coast to coast.

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Alberta

With no company willing to spearhead a new pipeline under federal restrictions, Alberta takes the lead

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Alberta leads as proponent for West Coast pipeline

Alberta’s government, acting as proponent, will lead a technical advisory group of companies with Indigenous participants to advance a West Coast pipeline application.

With the advice and technical support of three major pipeline companies, Alberta’s government, acting as proponent, will develop and submit a formal application for a project of national significance to the Federal Major Projects Office under the Building Canada Act. Indigenous communities in Alberta and British Columbia are being engaged from Day 1. Indigenous co-ownership, partnership and perspectives will be critical to every stage of project development and execution.

The advisory group will undertake the early planning, technical assessment and application for an oil pipeline proposal to the northwest coast of British Columbia. When completed, the project will significantly increase market access to responsibly and ethically produced Canadian crude oil products.

“This project application is about more than a pipeline; it’s about unlocking Canada’s full economic potential. By doing this the right way from Day 1 with Indigenous partners and industry expertise, we will deliver a proposal that proves this project is undeniably in the national interest. Together, we are charting a path to secure Canada’s energy future for generations while bringing the world’s most ethically and responsibly produced energy to market.”

Danielle Smith, Premier

The goal of this planning and pre-front end engineering and design work is to determine the general path and size of the pipeline, quantify costs, initiate early Indigenous engagement and partnership, and make the clear case that this pipeline is in the national interest. Alberta’s government will contribute $14 million to support early planning work including cost estimates, engagement and development of a credible proposal for federal consideration.

“We already see Canada as an energy powerhouse, and with the right infrastructure, moving toward superpower status is both realistic and achievable. Increased market access from Alberta to tidewater will scale Canada’s export markets and diversification, while supporting the federal government’s newly stated ambition of becoming an energy superpower.”

Brian Jean, Minister of Energy and Minerals

Indigenous leadership and perspectives are essential to guiding major projects like this that will grow our economy, safeguard the environment and create lasting opportunities for Indigenous partners. Our engagement strategy will reflect the diversity of Indigenous governance structures and be tailored to reflect each community’s unique context. By bringing together innovation and technology with Indigenous perspectives and cultures, we are creating the conditions for meaningful dialogue and the right mix of expertise to shape a project that reflects shared values and priorities.

“This is about partnerships and building trust from Day 1 – ensuring Indigenous voices shape the decisions that affect their lands and futures. Alberta’s government is committed to respectful, transparent engagement that recognizes Indigenous communities as rights holders, leaders and owners in the prosperity we build together.”

Rajan Sawhney, Minister of Indigenous Relations

“Fort McKay First Nation welcomes the opportunity to be engaged from the very beginning of this important project. True partnership means listening to Indigenous voices, respecting our lands and ensuring our people share in the benefits. By working together with government and industry, we can create opportunities that strengthen our communities, while showcasing the incredible potential of Alberta’s energy sector.”

Chief Raymond Powder, Fort McKay First Nation

“The National Coalition of Chiefs has always said that oil and gas participation, including ownership opportunities, can be a way to drive economic reconciliation. We are happy that Alberta is leading an effort to get another pipeline to the West Coast, and we are especially happy that they have decided to engage with Indigenous nations in B.C. and Alberta right from the very beginning of the process.”

Dale Swampy, president, National Coalition of Chiefs

The technical advisory group will include multiple industry participants, bringing expertise in engineering, construction, Indigenous relations and market demand. The groups efforts will be supervised by a panel that currently includes:

  • Larry Kaumeyer, deputy minister, Energy and Minerals (co-chair)
  • Alex Pourbaix, executive chair, Cenovus (co-chair)
  • Rajan Sawhney, Minister of Indigenous Relations
  • Hal Kvisle, energy industry executive
  • Roderick Graham, board director, AER
  • Chief Jim Boucher, chair, president and co-founder, Saa Dene Group of Companies
  • Al Monaco, former president and chief executive officer at Enbridge
  • Corey Bieber, board director, Vermilion Energy
  • Chris Sankey, principal owner and president, Blackfish Enterprises
  • Dave Lamouche, president, Metis Settlements General Council

The project of national significance application process will explore all opportunities to deliver Alberta’s responsibly produced energy resources to market, while carefully assessing all aspects required to advance a northwest coastal crude oil pipeline.

Quick facts

  • The expected application submission to the Federal Major Projects Office is approximately spring of 2026.
  • The three companies participating in the technical advisory group are South Bow, Enbridge and Trans Mountain.
  • Canada has the fourth-largest proven oil reserves globally and is the fourth-largest global oil producer.
  • Net export receipts of crude oil have climbed from $6 billion in 2000 to $130 billion in 2024.
  • Additional infrastructure from Alberta’s oilsands to B.C.’s coast will ensure Alberta energy resources can contribute to meeting significant Asian demand from countries like Japan, Korea, China and India.
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Alberta

Taxpayers: Alberta must scrap its industrial carbon tax

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  • Carney praises carbon taxes on world stage

  • Alberta must block Carney’s industrial carbon tax

The Canadian Taxpayers Federation is calling on the government of Alberta to completely scrap its provincial industrial carbon tax.

“It’s baffling that Alberta is still clinging to its industrial carbon tax even though Saskatchewan has declared itself to be a carbon tax-free zone,” said Kris Sims, CTF Alberta Director. “Prime Minister Mark Carney is cooking up his new industrial carbon tax in Ottawa and Alberta needs to fight that head on.

“Alberta having its own industrial carbon tax invites Carney to barge through our door with his punishing industrial carbon tax.”

On Sept. 16, the Alberta government announced some changes to Alberta’s industrial carbon tax, but the tax remains in effect.

On Friday night at the Global Progress Action Summitt held in London, England, Carney praised carbon taxes while speaking onstage with British Prime Minister Keir Starmer.

“The direct carbon tax which had become a divisive issue, it was a textbook good policy, but a divisive issue,” Carney said.

During the federal election, Carney promised to remove the more visible consumer carbon tax and change it into a bigger hidden industrial carbon tax. He also announced plans to create “border adjustment mechanisms” on imports from countries that do not have national carbon taxes, also known as carbon tax tariffs.

“Carney’s ‘textbook good policy’ comments about carbon taxes shows his government is still cooking up a new industrial carbon tax and it’s also planning on imposing carbon tax tariffs,” Sims said. “Alberta should stand with Saskatchewan and obliterate all carbon taxes in our province, otherwise we are opening the door for Ottawa to keep kicking us.”

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