LNG Facts

LNG Facts

LNG makes Canada stronger
   • Canada's economy is struggling. Liquefied natural gas (LNG) development makes Canada stronger with a needed economic boost.
   • Exporting LNG can help reinforce our economic prosperity and security through trade diversification and maximizing the value of our resources.
   • Canadian and Indigenous families cannot afford to miss out on LNG development and the jobs and irreplaceable economic opportunities that go with it.

https://www.youtube.com/watch?v=TESkYgDN37Y

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Between 2020 and 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 $150 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]. Canadian LNG projects are an integral part of our communities, donating millions to support healthcare in B.C. including funding for two CT scanners in Squamish and Kitimat hospitals.

LNG is also helping Canada find new markets for its natural gas apart from the U.S., diversifying our trading partners while maximizing the value of our gas resources.

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

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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, by Canadians - benefitting our families here at home.

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Many countries have asked for or support Canadian-made LNG, 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 Canadians do everything we can to help - actions that would make our economy stronger here at home?

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Without oil and natural gas exports and other energy goods, Canada’s cumulative 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 enable our country to pay for 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.

Canadians can't let the opportunity to develop LNG pass us by.

Natural resources make life affordable for Canadians

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.

The World Needs More Canadian-Made LNG

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