U.S. on track to double LNG exports while Canada dithers CanadiansInvest
As the Haisla Nation waits for the B.C. government’s delayed decision on its proposed three million tonne per year Cedar LNG project, aRecord prices and the need for energy security are driving “huge momentum” for U.S. LNG, according to analysts with Wood Mackenzie. New investment could reach over US$100 billion before the end of the decade.
“Cedar LNG is at such a critical point with what’s happening globally in the energy sector,” Haisla Nation chief councilor Crystal Smith told CECThe project could potentially become the third Canadian LNG export terminal to start up, assuming the completion of LNG Canada phase one in 2025 and Woodfibre LNG in 2027. That would bring Canada’s total LNG export capacity to 19 mtpa.
“For the first time in many generations, LNG development has provided immediate and medium-term opportunities to lift thousands of Indigenous people and our communities out of intergenerational poverty,” wrote CEO“We are already seeing benefits from employment, training, contracting, procurement, and benefits agreements which we anticipate will continue flowing from responsible resource development projects into the future.
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