Canada taking less LNG as North American shale improves
April 2, 2018
The change in the North American natural gas sector means Canadian imports of liquefied natural gas from top suppliers like Qatar are declining, data show.
The National Energy Board, the Canadian regulator, reported the number of LNG cargoes to the country's only LNG import terminal -- the Canaport facility in New Brunswick -- is down 88 percent from its peak rate in 2011.
As natural gas production in the United States increases, and as pipeline access to Canada improves, the country needs to import less of the super-cooled gas from overseas suppliers. Historically, Canada has imported LNG from countries like Qatar, the world's top LNG producer, Norway and Egypt.
"North America's natural gas market dynamics have changed," the NEB's report read.
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