Amid U.S. tariffs, MOU signing comes at a pivotal time for new LNG export projects on Canada’s West Coast ” “
The agreement comes at a pivotal moment with multiple Canadian LNG projects in various stages of construction and advancement, and 10 per cent tariffs on U.S. imports of Canadian energy now in place. “Canada must act now and diversify our energy systems and begin the process of exporting to other countries who are in desperate need of our resources,” said First Nations LNG Alliance CEO Karen Ogen. With the LNG Canada terminal expected to ship its first cargo of LNG in July and two smaller projects, Cedar LNG and Woodfibre LNG, under construction, Canadian LNG will soon be able to service an expected 60 percent increase in world demand by 2040, mostly driven by Asia. By 2040, Japanese LNG imports could rise as high as 74 megatonnes per year compared to 66 million tonnes in 2024, according to Japan’s Ministry of Trade, Economy and Industry.
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