Canada’s role as a major player in the global liquefied natural gas (LNG) market is gaining recognition, according to Daniel Yergin, vice chairman of S&P Global. In an interview, Yergin highlighted that Canadians are only now fully appreciating the potential of LNG exports following significant global supply disruptions this year. He described Canada’s natural gas resources and production capabilities as one of the best-kept secrets in the energy sector.
Yergin emphasized that Canada’s endowment of natural gas is substantial, yet it remains underrecognized. The LNG Canada facility, which began construction in 2022, is a key part of this emerging economic engine. The facility’s development and the broader LNG sector are poised to play a crucial role in Canada’s economic future, particularly as global demand for cleaner energy sources grows.
The global supply disruptions this year have underscored the importance of reliable LNG suppliers like Canada. Yergin’s comments come at a time when the country is positioning itself as a stable and significant contributor to the global energy market. The recognition of Canada’s potential in this sector could lead to increased investment and further development of its LNG infrastructure.