Canadian Natural Gas to be Exported as LNG from Louisiana LNG Export Terminal

Natural gas from Canada will soon be exported to other countries as Liquefied Natural Gas (LNG) from an export terminal at Louisiana.

Canada: Exploring the opportunities for export market, Cheniere Energy Partners signed an agreement with an unnamed party for exporting Canadian natural gas as LNG to other countries. It would be the first Canadian company to export natural gas as LNG. According to the company it will start extracting natural gas from the Montney shale on the Alberta-British Columbia border and transport it to its Sabine Pass facility on the Gulf of Mexico. Sabine Pass was put to operations last spring and it is used for exporting LNG shipments to other countries. Currently there are two trains, or operational lines, operating for export and four more are planned at the facility in future. The export terminals for LNG have also been proposed in western and eastern Canada, but the process is slow and its yet to be built.

TechSci Research finds out that the rise in natural gas production by Canada and USA would boost the demand of LNG across the globe. Growing focus on expansion of gas pipeline infrastructure, rising demand for natural gas from downstream sectors, declining LNG prices coupled with implementation of favorable government policies is boosting demand for LNG across the globe. Increasing focus on development of adequate support infrastructure in various developing as well as developed economies is expected to boost LNG demand in the coming years.

According to released report of TechSci Research “Global LNG Market Demand & Supply Analysis, By Region, By Country, By LNG Terminal, Competition Forecast and Opportunities, 2011-2025”, global LNG supply market is forecast to exhibit a CAGR of over 5% during 2016-2025, on account of rising demand for cleaner fuels; oversupply of LNG due to liquefaction capacity additions in Australia, US and Papua New Guinea; and declining prices of LNG over the last few years.