Canada's LNG export goal could spur nearly C$1 trillion in investment by 2050, S&P Global says
UNG•Canada's goal of exporting 100 million tons of LNG annually by 2050 could support nearly C$1 trillion in investment, contribute C$888 billion to GDP and support nearly 250,000 jobs annually.
1. Investment potential
A study by S&P Global says reaching Canada's 100 million-ton annual LNG export goal by 2050 could support nearly C$1 trillion in investment, contribute C$888 billion to GDP and support nearly 250,000 jobs annually. Canada is on track for 36 million tons annually and would need 2.5 times as much upstream and critical infrastructure investment to reach the target.
2. Global competition
Projects exceeding 600 million tons of capacity are competing for a projected 176 million tons of market opportunity by 2050. The market opportunity is expected to shrink substantially after 2027 until the early 2030s.
