Canadian liquified natural gas exports to Asia could provide the net emissions equivalent reduction of removing every single car from Canadian roads, according to a study done for the Canadian Energy Centre.
“In Canada, we have an abundance of natural gas,” said Wood Mackenzie Director—Americas Consulting Matthias Bloennigen in a Monday press release.
“Someone will produce that natural gas — if it’s not Canada, someone else will.”
The study said Canadian LNG can help Asian countries meet growing demand and lower net global emissions by eliminating coal. It said Canada has an opportunity to become a key supplier for decades to come because of the country’s vast natural gas reserves, proximity to Asian markets, and competitive prices.
Canada has no ability to export natural gas to global markets, but the study said a handful of British Columbian projects could see the country enter the global marketplace as other countries look to end their reliance on Russian energy.
It said Canadian LNG would be competitive because of lower transportation costs to Asian markets, fewer facility emissions, and lower supply costs than many competitors.
“The shorter shipping distance and lower resource breakevens means Canadian LNG is more competitive,” said Wood Mackenzie Director—Americas Natural Gas, LNG and NGL Consulting Bob Kubis.
“Canadian natural gas resources are developed in a regulatory environment where they’re less emitting than certain US shale basins.”
The study examined three scenarios — a base case considering moderate growth of Canada’s LNG industry, one where capacity is accelerated, and one where it remains stagnant.
In the base case, Canada could account for 20% of the northeast Asian LNG market by 2050. The accelerated model would see Canada make up 31.7% of the LNG market, and it would be under 7% if Canada limits growth.
If Canada accelerated its LNG capacity to help Asia switch from coal to natural gas, net emissions on the continent would be reduced by an average of 188 metric tonnes per year. This is about 29% of Canada’s total greenhouse gas emissions, the equivalent of removing all of the cars from the roads.
The study said should Canada limit LNG growth, total emissions in northeast Asia would continue to rise by four metric tonnes per year.
“If we were to have more Western Canadian LNG, that would allow a lot of the other sources to go to Europe,” said Bloennigen.
Prime Minister Justin Trudeau said in August Canada will not be shipping natural gas to Europe to address the continent’s energy crisis.
Jonathan Bradley is a Reporter for the Western Standard & Alberta Report. Bradley has contributed stories to the National Post, True North, and Canadaland. He obtained a master's degree in media production at Toronto Metropolitan University.
The main obstacles are the Trudeau-Singh-Notley coalition and a convicted felon/eco-terrorist named Environment Minister Guilbeault. It's akin to letting the foxes loose in the henhouse.
While Canada wallows in its own BS, Mexico is gearing up to sell our gas for us. How stupid is that?
Why do we need another study to just verify the obvious?! What did this one cost the tax payer & what will it accomplish?? Sounds like someone's friend needed more. money. whoever granted this so called study should be charged, then fired. This cr2p has got to stop.
There's never anything about "emissions". They can have mega yachts, mega planes, mega everything. Only you "emit".
Welcome to the discussion.
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.