As LNG opens new markets for Canadian natural gas, reliance on U.S. to decline: analyst
May 24, 2025
By Cody Ciona
Canada’s natural gas industry is set for a major expansion as new LNG projects enable exports to Asian markets, reducing reliance on the United States, the country’s only buyer for decades, according to a Houston-based energy consultancy.
The consultancy forecasts Canada’s natural gas exports will climb to 12 billion cubic feet per day (bcf/d) by 2034, up from 8 bcf/d currently. However, with new LNG terminals, less gas will flow to the U.S. via pipelines.
“We think the real possibility exists that the amount of natural gas being exported to the United States by pipeline will actually decline,” said Martin King, managing director of North America energy market analysis at RBN Energy, on a recent webinar. Exports to the U.S. could fall to 6 bcf/d by the early 2030s from 8 bcf/d today.
The LNG Canada terminal in Kitimat, British Columbia, is expected to ship its first cargo in late June 2025, with an initial export capacity of 1.8 bcf/d. A potential second phase could double this output. Meanwhile, the Cedar LNG project, also in Kitimat and led by the Haisla Nation, is under construction and slated for completion in 2028 with a capacity of 0.4 bcf/d. The Woodfibre LNG facility near Squamish, B.C., which broke ground in late 2023, is expected to be largely complete by 2027, adding 0.3 bcf/d in export capacity.
These developments could drive Canada’s LNG exports to around 5 bcf/d by the early 2030s, reshaping its global energy market presence.
Read the full article here As LNG opens new markets for Canadian natural gas, reliance on U.S. to decline: analyst | BOE Report
