Canada and Mexico compete with the US in LNG exports to Asia, with projects underway on their west coasts.
Canada and Mexico are emerging as competitors to the U.S. in liquefied natural gas (LNG) exports to Asia, the largest global market. With LNG projects underway on their west coasts, they can reach Asian markets directly. Canada aims to start projects like LNG Canada in 2025, while both countries are attracting significant investments amid U.S. permit freezes. However, their current LNG supply is smaller than the U.S. projected supply by 2040, facing similar development challenges.
September 16, 2024
5 Articles