LNG Facts

LNG Facts

Canada's economy is struggling. Global natural gas demand is growing.

Exporting liquefied natural gas (LNG) can help reinforce our economic security and prosperity.

Canadian and Indigenous families cannot afford to miss out on LNG development.

it should be canadian

---------------------

#1 - Global Natural Gas Demand is at a Record High and Growing

Global gas demand is at an all-time high, and consumption is projected to be higher in 2050 than today [1].

Global LNG demand is also projected to grow by more than 50% through 2040 [2].

As long as the world needs natural gas, it should be made in Canada.

LNG facts banner 5

---------------------

#2 - Developing LNG is a Huge Opportunity for Our Families

Between 2020-2064, a healthy LNG sector on Canada’s west coast could generate [3]:

  • Over $500 billion in economic activity
  • 96,550 more jobs a year
  • Over $6 billion in wages for workers
  • More than $170 billion in government revenues

The LNG industry is advancing economic reconciliation with First Nations [4] while spending billions of dollars with Indigenous-owned businesses [5][6]. Cedar LNG, for example, will be the largest Indigenous majority-owned infrastructure project in the world.

Canadian LNG projects are an integral part of our community, donating millions to support healthcare in B.C. including funding for two CT scanners in Squamish and Kitimat hospitals.

Developing LNG is an opportunity Canadian and Indigenous communities cannot afford to miss.

LNG facts banner 2

---------------------

#3 - Canadian Energy Exports Help Us Pay for Our Imports, Making Life More Affordable

Without oil and natural gas exports and other energy goods, Canada’s cumulate trade deficit with the rest of the world – which stood at $130 billion in the decade ending in 2023 – would have ballooned to $1 trillion [7].

Canada’s energy exports provide our country with the means to pay for our imports of goods and services [7], supporting our standard of living and making life more affordable for Canadians.

Natural resources comprise 45% of Canada’s manufacturing output [17] and 50% of our exports [18] -- LNG could create even more economic opportunities for Canadian families and businesses.

We can't let this LNG opportunity pass us by.

lng facts banner 4

---------------------

#4 - Many Countries Want Canadian-Made LNG

Many countries have asked for Canadian-made LNG or said they would consider purchasing it if it became available, including Germany, Japan, Greece, Poland, Latvia, Ukraine, South Korea, and the Philippines [7][8][9][10][11][12][13][14][15].

Many of these foreign leaders have said they prefer Canadian LNG because of our shared democratic values as they look to diversify away from unreliable suppliers.

Shouldn’t we do everything we can to help?

the world needs more Canadian energy banner

---------------------

#5 - Canadians Can Support All Forms of Energy - We Don't Have to Choose

Canadians can support all forms of energy to keep our country’s economy strong and energy secure.

Energy forms the bedrock of the Canadian economy, accounting for hundreds of thousands of jobs, more than 10% of our economy, and 28% of our exports in 2023 [16].

Whether it be wind, solar, hydro, geothermal, oil, natural gas, or anything in between, Canadians don’t have to choose between supporting traditional energy versus renewables ---- we can do both, for a brighter, more prosperous, and energy-secure future for our families and country as a whole.

global natural gas demand is growing banner

BC LNG could creaate 500 billion in economic activitywhat countries have asked for Canadian LNGglobal LNG demand to grow 50% by 2040Canadian LNG is Indigenous LNG says Karen OgenBC LNG could create tens of thousands of jobswhat countries benefit when Canadians miss out on LNGCanadian LNG is Indigenous LNG says Crystal SmithBC LNG could generate hundreds of billions in revenuesthe business case for Canadian LNGCanadian LNG is Indigenous LNG says Eva Clayton

SOURCES:

1 – International Energy Agency. (2024). World Energy Outlook 2024. [PDF]. Retrieved from https://www.iea.org/reports/world-energy-outlook-2024

2 – Shell. (2024). Shell LNG Outlook 2024. [PDF]. Retrieved from https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng/lng-outlook-2024.html

3 – Conference Board of Canada. (2020). A Rising Tide: The Economic Impact of B.C.’s Liquefied Natural Gas Industry. [Web Page]. Retrieved from https://www.conferenceboard.ca/product/a-rising-tide-the-economic-impact-of-b-c-s-liquified-natural-gas-industry/

4 – Calgary Herald. (2023). Coastal GasLink pipeline fully installed: TC Energy. [Web Page]. Retrieved from https://calgaryherald.com/business/energy/coastal-gaslink-pipeline-fully-installed-tc-energy

5 – LNG Canada. (2024). Fall Update 2024. [Web Page]. Retrieved from https://www.lngcanada.ca/news/lng-canada-2024-fall-update/

6 – Coastal GasLink. (no date). FAQs. [Web Page]. Retrieved from https://www.coastalgaslink.com/about/faqs/

7 – Government of Germany. (2022 August). Speech by Federal Chancellor Olaf Scholz and Member of the German Bundestag, at the ,,German-Canadian Business Conference”. Retrieved from https://www.bundesregierung.de/breg-en/news/speech-by-federal-chancellor-olaf-scholz-and-member-of-the-german-bundestag-atthe-german-canadian-business-conference--2078740

8 – Canadian Gas Association. (2022). An Interview with Poland’s new Ambassador to Canada Witold Dzielski. [Web Page]. Retrieved from https://www.cga.ca/energy-magazine-post/an-interview-with-polands-new-ambassador-to-canada-witold-dzielski/

9 – CTV News. (2024 April). ‘Of course, yes’: Poland latest European country with interest in Canadian LNG. [Web Page]. Retrieved from https://www.ctvnews.ca/politics/of-course-yes-poland-latest-european-country-with-interest-in-canadian-lng-1.6864746

10 – National Post. (2023 January). Being reliable supplier of energy important, Trudeau says as Japan looks to Canada for LNG. [Web Page]. Retrieved from https://nationalpost.com/news/politics/trudeau-energy-japan-canada-lng

11 – The Globe and Mail. (2023 January). Japanese PM Kishida presses Trudeau for reliable supply of LNG to replace Russian oil, gas. [Web Page]. Retrieved from https://www.theglobeandmail.com/politics/article-trudeau-kishida-japan-visit/

12 – Business in Vancouver. (2023 February). Korea, Japan want Canadian LNG – can Canada deliver?. [Web Page]. Retrieved from https://www.biv.com/news/resources-agriculture/korea-japan-want-canadian-lng-can-canada-deliver-8270599

13 – CHAT NEWS Today. (2023 May). Trudeau in South Korea to talk global and energy security, youth mobility program. [Web Page]. Retrieved from https://chatnewstoday.ca/2023/05/16/trudeau-in-south-korea-to-talk-global-and-energy-security-youth-mobility-program/

14 – CTV News. (2024 March). Greece would ‘absolutely’ be interested in purchasing Canadian LNG: Greek PM. [Web Page]. Retrieved from https://www.ctvnews.ca/politics/greece-would-absolutely-be-interested-in-purchasing-canadian-lng-greek-pm-1.6819966

15 – Prince George Citizen. (2024 May). Philippines opens door to strengthening B.C. trade ties in key areas. [Web Page]. Retrieved from https://www.princegeorgecitizen.com/asia-pacific/philippines-opens-door-to-strengthening-bc-trade-ties-in-key-areas-8744885

16 – Natural Resources Canada. (2024). Energy Factbook 2024-2025. [PDF]. Retrieved from https://energy-information.canada.ca/en/energy-facts

17 - Macdonald-Laurier Institute. (2024 August). Canada's Resource Sector, Protecting the Golden Goose. [Web Page]. Retrieved from: https://macdonaldlaurier.ca/wp-content/uploads/2024/04/20240402_Canada-Golden-Goose-CrossMintz_PAPER-v9-FINAL.pdf

18 - Canadian Chamber of Commerce - Economic Impact Study - Canada's Conventional Oil and Natural Gas Sector (Date Accessed: June 2024). Retrieved from: https://bdl-lde.ca/wp-content/uploads/2024/03/CAPP_EconomicAnalysis_March2024.pdf