Canada Must Seize LNG Opportunity or Risk Losing Momentum

Canadian energy leaders are urging growth in liquefied natural gas (LNG) exports to capitalize on a generational opportunity. The call comes as regulatory reforms and federal-provincial agreements create momentum for new projects.

Pembina Pipeline Corp. CEO Scott Burrows emphasized the importance of seizing this moment, saying 'we have a window of opportunity' that will close in three to five years if not acted upon. He noted that Canada has many advantages, including abundant natural gas reserves and shorter shipping times compared to US LNG terminals.

Burrows was speaking at the Energy Roundtable conference in Calgary, where industry CEOs discussed the shift in federal policy toward getting energy initiatives built. The recent MOU on energy policy between Alberta and Ottawa has sparked a change in attitude toward energy development.

Several projects are underway or proposed for the Pacific Coast, including Shell's LNG Canada facility, which began operations last summer. Woodfibre LNG is 65% complete and expected to finish construction next year. The industry sees this as a critical moment to develop the sector and become an energy superpower.