Reaching Canada's 100 MMtpa Federal Ambition for LNG Exports Would Support C$1 Trillion of Investment and 250,000 Jobs Annually Through 2050, New S&P Global Energy Study Finds

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Pathway exists for Canada to become 3rd largest LNG exporter, though window of opportunity is limited, study says NEW YORK, Nov. 12, 2026 /PRNewswire/ -- Meeting the Canadian…

Pathway exists for Canada to become 3rd largest LNG exporter, though window of opportunity is limited, study says

NEW YORK, Nov. 12, 2026 /PRNewswire/ -- Meeting the Canadian government's goal of 100 MMtpa of liquefied natural gas (LNG) exports by 2050 would support nearly a quarter million jobs annually, stimulate nearly C$1 trillion total investment across the LNG value chain and contribute C$888 billion to the country's gross domestic product to 2050, equal to C$50,000 per household, a new comprehensive S&P Global Energy study finds.

The government's ambition for scaling-up of Canada's LNG sector would make it the world's third largest exporter while also contributing significant reductions to global carbon emissions – avoiding the emissions equivalent to 10 million gasoline-powered cars per year (more than 1/3 of all cars in Canada), the study says.

Reaching 100MMtpa would also generate C$1.6 trillion in total Canadian business revenues, C$151 billion in tax revenues and C$405 total labor income. Economic impacts would extend across the nation, with approximately 20% of jobs and GDP contributions occurring outside the Western Canadian producing provinces, the study finds.

The study, Nation Building through LNG and NGLs: Powering Canada's Economic Growth, Trade and Global Energy Security says that Canada's inherent advantages make the rise to a global LNG export leader quite achievable. However, challenges do remain and, with insufficient pre-final investment decision (FID) projects currently in development to reach this target, time is a factor.

"Canada's current position in world energy falls well short of its competitive strengths in terms of natural resources and geography," said Daniel Yergin, Vice Chairman, S&P Global. "The country will need to move at speed to improve its position to meet its ambitions and potential."

Among the advantages, Canada holds some of the most prolific and low-cost gas plays in North America, with 375 Tcf identified to date that is…

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