ALBERTA’S ENERGY SECTOR GASSING UP Reliable Japan-Canada Propane Trade Builds ‘High Expectations’ for Canadian LNG
by Cody Ciona
T hanks to new export facilities in Prince Rupert, B.C., Canada went from zero propane exports to locations outside the United States in 2017 to nearly 34 million barrels of propane last year, according to the Canada Energy Regulator. Canada is now Japan’s second-largest supplier of propane, according to World Bank data, where uses include automobiles, electric power generation and petrochemical feedstock. “The long history of reliability in the supply of propane from Canada serves as the basis for the high expectation for Canadian LNG to Japan,” said IEEJ chair Tatsuya Terazawa. “We see LNG from strategic partners like Canada as important to our energy security and our country’s efforts to significantly
reduce our dependence on coal as well as to provide dispatchable power to deal with the intermittency of renewable power.” During a recent trade mission to Japan, leaders from Canadian organizations Energy for a Secure Future and the First Nations LNG Alliance signed a memorandum of understanding with IEEJ to advance energy trade. “There is a real commitment between the three organizations to work together to support Canadian LNG projects being successfully built and getting our product to markets in Asia that need energy security and low-emission energy options,” said Shannon Joseph, chair of Energy for a Secure Future. “It is an extremely positive thing.”
Years of successful deliveries of Canadian propane to Japan raise confidence in the upcoming LNG trade between the two countries, says the chair of the Institute of Energy Economics, Japan (IEEJ).
Shannon Joseph (chair of Energy for a Secure Future), Karen Ogen (CEO of the First Nations LNG Alliance), and Tatsuya Terazawa (chair of the Institute of Energy Economics, Japan) sign a memorandum of understanding to advance energy trade between Canada and Japan in February 2025.
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