Canada has a tremendous opportunity to supply large populations in Asia with cleaner burning natural gas.
LNG developers in Western Canada have many advantages, including access to large and low-cost gas supplies, as well as faster access to Asian markets than U.S. Gulf Coast LNG plants.
There is also the potential to produce LNG with the lowest GHG emissions in the world, especially in B.C., where most of the province’s power is generated by hydropower.
“For Canada’s West Coast projects, all eyes are on the Asia Pacific region. It is home to the world’s three largest LNG consumers in China, Japan and South Korea. Canada, due to proximity, is potentially a key exporter for these nations thanks to low transportation costs compared to competing regions from further afield,” says Mark Young, a senior oil and gas analyst with Evaluate Energy.
A new report — LNG: Canada’s Global Market Opportunity — examines how Canadian gas supplies, delivered to worldwide markets through LNG export terminals, can help meet burgeoning market demand and offer a transformative opportunity for struggling producers.
This is the first of four special reports on the theme of Canada and the natural gas economy that JWN Energy’s Daily Oil Bulletin and Evaluate Energy are producing in collaboration with the Canadian Society for Unconventional Resources.
Asia will remain the dominant market for LNG imports, although the pattern of imports within Asia shifts, with China and India overtaking the more established markets of Japan and Korea, and accounting for around half of all LNG imports by 2040.
Asian import and investment opportunities in Canada’s emerging LNG industry will be shared in a special briefing to business and government officials in Tokyo later this month.
Insight into Canada’s cost-competitive LNG infrastructure projects, supply agreements and investment opportunities will be provided, as well as the role of Canadian LNG in meeting global climate policy objectives and reducing emissions of carbon dioxide.
Friday, Sept. 27, 9:30 a.m – 2 p.m., including a networking luncheon. This is a free event.
Email email@example.com. Space is limited so please confirm at your earliest opportunity.
Embassy of Canada to Japan, 7 Chome 3-38 Akasaka Minato City, Tokyo 107-0052.
- Shawn Tupper, Associate Deputy Minister, Natural Resources Canada;
- Ron Hoffmann, Alberta Senior Representative for the Asia Pacific Basin;
- Dave Nikolejsin, Deputy Minister, British Columbia Ministry of Energy, Mines and Petroleum Resources;
- Keisuke Sadamori, Director for Energy Markets and Security, International Energy Agency – Keynote: Role of Canadian Natural Gas in a Low Carbon World;
- Karen Ogen-Toews, CEO, First Nations LNG Alliance – Keynote: Indigenous Partnerships;
- Bryan Cox, President and CEO, BC LNG Alliance;
- Jason Kearns, Director of Commercial and Business Development, Enbridge;
- Greg Kist, President & CEO, Rockies LNG;
- Marty Proctor, President & CEO, Seven Generations Energy;
- Rod Maier, Vice President, Chevron Canada Limited (Kitimat LNG);
- Hiroyuki Mori, Director, Business Coordination Division, Japan Oil, Gas and Metals National Corporation (JOGMEC);
- Dan Allan, President & CEO, Canadian Society for Unconventional Resources (CSUR); and,
- Bill Whitelaw, President and CEO, JWN Energy.
Image: Rendering of the LNG Canada project, courtesy of LNG Canada