CGA Welcomes Canada's First Large-Scale LNG Export Project from LNG Canada
OTTAWA, Oct. 3, 2018 /CNW/ - The Canadian Gas Association (CGA) applauds LNG Canada's investment decision for the development of the country's first large-scale liquefied natural gas (LNG) project. To be built in Kitimat, British Columbia, this marks the single largest private capital investment in Canadian history and will showcase Canada's world class natural gas industry.
CGA considers this project to be an important opportunity to develop Canadian resources and connect them to global energy needs. Clean, affordable natural gas is poised to increase its share of both domestic and global energy markets. In Canada, the National Energy Board forecasts natural gas will become the single largest source of energy by 2040 – accounting for 40 per cent of total energy use. Globally, the International Energy Agency forecasts a 45 per cent increase in natural gas demand by 2040. With projects like LNG Canada's, our country is well-positioned to help meet this growing demand.
Canadian natural gas utilities have been safely operating domestic-purposed LNG facilities in Canada for over 40 years. There are currently a total of eight such facilities across the country - three in British Columbia, two in Alberta, one in Ontario and two in Quebec. Looking forward, LNG offers opportunity as a fuel for remote communities, freight transportation, and ocean-going vessels. The LNG Canada project builds on the domestic expertise and experience to take Canadian know-how and resources global.
Quotes
"In response to a recognized need to showcase the critical role of natural gas in Canada's energy system, CGA has been working with policy makers to demonstrate how this extraordinary domestic resource delivers value to Canadians, can expand that value proposition within our country, and can deliver value to the world. The LNG Canada project is a much needed boost for this message and CGA welcomes it."
Timothy M. Egan
President and CEO
Canadian Gas Association
"Natural gas is a strategic fuel for both domestic and international markets. The use of LNG brings together a robust Canadian gas supply picture with technology solutions that deliver clean, affordable energy to consumers – now to Canadians, and soon to customers around the world."
Steve Baker
President and CEO
Union Gas Limited, an Enbridge Company
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About CGA:
CGA is the voice of Canada's natural gas delivery industry and its members are distribution companies, transmission companies, equipment manufacturers and other service providers. Natural gas has a central place in Canada's energy mix meeting 34 per cent of the country's energy needs. Today more than 7 million customers representing well over 20 million Canadians rely on natural gas for heat and power in homes, businesses, hospitals and schools.
SOURCE Canadian Gas Association
Annik Aubry, Director, Communications and Social Media, Canadian Gas Association, 613-748-0057 ext.325 or 613-668-1128, [email protected]
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