BC's LNG Opportunity

BC's LNG Opportunity

We must balance affordability and energy security. That's why we must advance Canadian-made natural gas exports to the world.

Many Countries Are Asking for LNG - Shouldn't We Help?

• B.C. LNG projects are projected to create hundreds of billions of dollars in economic opportunities for Canadians and Indigenous Peoples alike while promoting economic reconciliation with First Nations communities. [1]

• Japan and South Korea are just a few of Canada’s trading partners who want more Canadian-made energy. Germany, Poland, Ukraine, Latvia, Greece, and now the Philippines have also said they want or would be interested in obtaining Canadian-made LNG. Shouldn’t we do everything we can to help? [2]

• Global LNG demand is projected to grow by up to 70% by 2040 according to the latest industry outlook. [3] With hundreds of billions of dollars of economic opportunity on the table and an ensuing affordability crisis here at home, shouldn’t Canada do everything it can to promote the development of its economy-boosting LNG industry?

Global natural gas demand is growing - shouldn't that energy come from Canada

• The Bank of Canada has issued a stark “emergency” warning about our country’s weak labour productivity and low levels of business investment. [4] Meanwhile, analysis by the National Bank shows that attracting private investment (such as that from LNG development) could be a solution to our country’s economic woes. [5] Isn’t it time to turn things around by utilizing our incredible natural resource wealth?

• Since 2015, Canada has seen nearly $670 billion in natural resource projects suspended or cancelled, [6] which includes many now-defunct LNG export facilities. [7] With an affordability crisis on hand, it has become clear that Canadians cannot afford to miss natural resource development any longer.

• Canada would have a significant trade deficit of more than $1 trillion if it weren't for its conventional oil and natural gas sector. Canadian energy exports form the bedrock of our nation's wealth, helping to "pay the bills" for our imports [8] 

How Many Countries Have Asked or Said They Want Canadian-Made LNG

global natural gas demand is growing

global LNG news headlines April 2024

As long as the world needs oil and gas shouldn't it be Canadian?

1 – The Conference Board of Canada – A Rising Tide: The Economic Impact of B.C.’s Liquefied Natural Gas Industry (Date Accessed: June 2024). Retrieved from: https://www.conferenceboard.ca/product/a-rising-tide-the-economic-impact-of-b-c-s-liquified-natural-gas-industry/

2 – Business in Vancouver – Korea, Japan want Canadian LNG – can Canada deliver? (Date Accessed: June 2024). Retrieved from: https://www.biv.com/news/resources-agriculture/korea-japan-want-canadian-lng-can-canada-deliver-8270599

3 – Shell – Shell LNG Outlook 2024 (Date Accessed: June 2024). Retrieved from: https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng/lng-outlook-2024.html

4 – The Globe and Mail – Bank of Canada warns of low productivity ‘emergency,’ making it harder to control inflation (Date Accessed: June 2024). Retrieved from: https://www.theglobeandmail.com/business/article-bank-of-canada-warns-of-low-productivity-emergency-making-it-harder-to/

5 – National Bank of Canada Financial Markets – Attract private investment: Canada’s only way out (Date Accessed: June 2024). Retrieved from: https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/etude-speciale/special-report_240311.pdf

6 – The Hub – DeepDive: Canada’s natural resources are a long-neglected ‘golden goose.’ It’s time to change that (Date Accessed: June 2024). Retrieved from: https://thehub.ca/2024/05/13/deepdive-canadas-natural-resources-are-a-long-neglected-golden-goose/

7 – Fraser Institute – Canada’s lost LNG opportunities due to dearth of export facilities (Date Accessed: June 2024). Retrieved from: https://www.fraserinstitute.org/article/canadas-lost-lng-opportunities-due-to-dearth-of-export-facilities

8 - 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

 

Will you stand with Canada Action?

We must balance affordability and energy security. That's why we must advance Canadian-made natural gas exports to the world.

Many Countries Are Asking for LNG - Shouldn't We Help?

• B.C. LNG projects are projected to create hundreds of billions of dollars in economic opportunities for Canadians and Indigenous Peoples alike while promoting economic reconciliation with First Nations communities. [1]

• Japan and South Korea are just a few of Canada’s trading partners who want more Canadian-made energy. Germany, Poland, Ukraine, Latvia, Greece, and now the Philippines have also said they want or would be interested in obtaining Canadian-made LNG. Shouldn’t we do everything we can to help? [2]

• Global LNG demand is projected to grow by up to 70% by 2040 according to the latest industry outlook. [3] With hundreds of billions of dollars of economic opportunity on the table and an ensuing affordability crisis here at home, shouldn’t Canada do everything it can to promote the development of its economy-boosting LNG industry?

Global natural gas demand is growing - shouldn't that energy come from Canada

• The Bank of Canada has issued a stark “emergency” warning about our country’s weak labour productivity and low levels of business investment. [4] Meanwhile, analysis by the National Bank shows that attracting private investment (such as that from LNG development) could be a solution to our country’s economic woes. [5] Isn’t it time to turn things around by utilizing our incredible natural resource wealth?

• Since 2015, Canada has seen nearly $670 billion in natural resource projects suspended or cancelled, [6] which includes many now-defunct LNG export facilities. [7] With an affordability crisis on hand, it has become clear that Canadians cannot afford to miss natural resource development any longer.

• Canada would have a significant trade deficit of more than $1 trillion if it weren't for its conventional oil and natural gas sector. Canadian energy exports form the bedrock of our nation's wealth, helping to "pay the bills" for our imports [8] 

How Many Countries Have Asked or Said They Want Canadian-Made LNG

global natural gas demand is growing

global LNG news headlines April 2024

As long as the world needs oil and gas shouldn't it be Canadian?

1 – The Conference Board of Canada – A Rising Tide: The Economic Impact of B.C.’s Liquefied Natural Gas Industry (Date Accessed: June 2024). Retrieved from: https://www.conferenceboard.ca/product/a-rising-tide-the-economic-impact-of-b-c-s-liquified-natural-gas-industry/

2 – Business in Vancouver – Korea, Japan want Canadian LNG – can Canada deliver? (Date Accessed: June 2024). Retrieved from: https://www.biv.com/news/resources-agriculture/korea-japan-want-canadian-lng-can-canada-deliver-8270599

3 – Shell – Shell LNG Outlook 2024 (Date Accessed: June 2024). Retrieved from: https://www.shell.com/what-we-do/oil-and-natural-gas/liquefied-natural-gas-lng/lng-outlook-2024.html

4 – The Globe and Mail – Bank of Canada warns of low productivity ‘emergency,’ making it harder to control inflation (Date Accessed: June 2024). Retrieved from: https://www.theglobeandmail.com/business/article-bank-of-canada-warns-of-low-productivity-emergency-making-it-harder-to/

5 – National Bank of Canada Financial Markets – Attract private investment: Canada’s only way out (Date Accessed: June 2024). Retrieved from: https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/etude-speciale/special-report_240311.pdf

6 – The Hub – DeepDive: Canada’s natural resources are a long-neglected ‘golden goose.’ It’s time to change that (Date Accessed: June 2024). Retrieved from: https://thehub.ca/2024/05/13/deepdive-canadas-natural-resources-are-a-long-neglected-golden-goose/

7 – Fraser Institute – Canada’s lost LNG opportunities due to dearth of export facilities (Date Accessed: June 2024). Retrieved from: https://www.fraserinstitute.org/article/canadas-lost-lng-opportunities-due-to-dearth-of-export-facilities

8 - 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

 

WILL YOU STAND WITH CANADA ACTION?