Canada Ships First LNG Cargo From Kitimat to Asia
Canada Ships First LNG Cargo From Kitimat to Asia

Canada Ships First LNG Cargo From Kitimat to Asia

News summary

Canada has commenced large-scale liquefied natural gas (LNG) exports with the inaugural shipment from the LNG Canada project’s export facility in Kitimat, British Columbia. The project, a $40 billion joint venture involving Shell, Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas, has an initial production capacity of 14 million tonnes per year, with plans to potentially double this capacity. The LNG shipment, carried by the Gaslog Glasgow vessel, is primarily destined for Asian markets, underscoring Canada's role in supporting Asia's energy transition away from coal and towards lower-carbon fuels. The project marks a significant milestone for Canada's energy sector, creating thousands of construction jobs and permanent roles, and emphasizing collaboration with Indigenous communities and local businesses. British Columbia's Premier highlighted the shipment as a step toward economic diversification and reducing reliance on the U.S. market amid shifting trade dynamics influenced by U.S. tariffs and policies. This development positions Canada as a key player in global LNG supply, contributing to energy security and decarbonization efforts in Asia.

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