Canada’s missed LNG opportunities

Liquefied natural gas (LNG) is an increasingly important component of the international natural gas trade, with global trade in LNG reaching US$130 billion annually as of 2019. The global share of LNG as a proportion of all gas imports increased from 22 percent in 2000 to 38 percent in 2019. In Asia, 70 percent of the gas imported is in the form of LNG. However, Canada, despite its abundant natural gas resources, exports no liquefied natural gas, though one export terminal is under construction in British Columbia. Source: Canadian Energy Center