By The Canadian Press on January 26, 2024.
CALGARY – Canada’s energy industry is reacting with dismay to U.S. president Joe Biden’s move to pause approvals of new liquefied natural gas (LNG) export terminals in that country.
Biden’s decision is being viewed as a win by environmentalists who fear an increase in North American LNG exports will lock in greenhouse gas emissions for the long-term and make it impossible for countries to meet their climate commitments.
But the Canadian Association of Petroleum Producers said Friday it is disappointed by the decision, adding it sees LNG as a lower-emission source of secure energy that can help countries get off coal.
The industry group added that LNG facilities on the U.S. Gulf Coast also offer Canadian natural gas producers an opportunity to export their product globally.
The U.S. is the largest exporter of LNG in the world, while Canada does not yet have its own LNG export capacity.
Canadian natural gas producers have been eagerly anticipating the startup of the massive LNG Canada export terminal being built near Kitimat, B.C., which is 90 per cent complete and expected to be operational later this year.
This report by The Canadian Press was first published Jan. 26, 2024.