CAPP Statement: We’re in the game!
Press Release
“The Canadian Association of Petroleum Producers (CAPP) applauds the completion of the first phase of the LNG Canada project and its first shipment—a major milestone that will allow Canadian natural gas to reach international markets. As the largest private investment in Canadian history, this project positions our country as a key global exporter of liquefied natural gas (LNG), delivering economic benefits to Indigenous communities, British Columbians, and Canadians across the country.
While this achievement is worth celebrating, it also underscores Canada’s untapped potential as a global energy superpower. The emerging LNG industry could transform Canada’s West Coast into a significant energy export hub—one that supplies secure energy to our trading partners and fuels economic growth at home. By developing this new export sector, Canada can create thousands of jobs, foster substantial Indigenous participation, and attract billions in new investment.
The LNG Canada project alone is expected to generate $23 billion in royalties for the B.C. government over its 40-year lifespan. According to the Macdonald-Laurier Institute, building a facility of similar scale contributes $4.5 billion annually to national GDP during construction and creates more than 35,000 jobs.
With global demand for LNG projected to grow by 60% by 2040—driven by economic expansion in Asia, decarbonization of heavy industry and transport, and the rise of energy-intensive technologies like artificial intelligence—Canada has a critical opportunity to lead as a global supplier of choice now.
Now we need to chart a plan for how we can win. More customers, more shipments, more LNG export facilities means more jobs for Canadians, more opportunities for Indigenous partnerships, and a more economically independent country. A strong energy sector is essential to addressing today’s challenges — from affordability and energy security to long-term national prosperity.”
- Lisa Baiton, CAPP President and CEO
IBF4
