Report Questions Canada’s Preparedness for Future LNG Market
Posted on Jul 11, 2014 in Canada & Mexico, Federal Regulation, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Report Questions Canada’s Preparedness for Future LNG Market
A report published in July 2014 by the University of Calgary, School of Public Policy says there is a serious risk of Canada losing out on a large share of the global LNG market. The market for natural gas in the Asia-Pacific region is expected to increase over 60% by 2025, and LNG is predicted to comprise almost 66% of the global gas market by 2035. These opportunities would open a major market for the LNG industry. The report, however, asserts that unless regulatory and economic issues are soon resolved in Canada, it will be unprepared for these opportunities and will lose out on a large share of the market. The report can be viewed here.