Liquefied natural gas industry - Revision history

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← Older revision		Revision as of 22:50, 14 July 2026
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	[[Category:Done ~~2015~~-10-15]]		[[Category:Done 2026-08-01]]
	[[category:energy industry]]		[[category:energy industry]]
	<onlyinclude>The '''liquified natural gas industry''' refers to the production, trade, and consumption of natural gas. While [[oil]] has been traded globally for decades, [[natural gas]] has tended to remain within its continent of origin.</onlyinclude> This means that different continents have had very different prices for natural gas. [[Liquefied natural gas]] (LNG) has started to change this process. There has been significant growth of the LNG market <ref name=Exporters>J. Clemente, "LNG importance lifts concern about delivery-system security," Oil & Gas Journal., vol. 109, no. 14, April 4, 2011.</ref> in recent years, largely in the countries with the largest markets. However, in order to meet the continuous increase of LNG demand, many regions have pursued in LNG export activities to diversify gas supply.		<onlyinclude>The '''liquified natural gas industry''' refers to the production, trade, and consumption of natural gas. While [[oil]] has been traded globally for decades, [[natural gas]] has tended to remain within its continent of origin.</onlyinclude> This means that different continents have had very different prices for natural gas. [[Liquefied natural gas]] (LNG) has started to change this process. There has been significant growth of the LNG market <ref name=Exporters>J. Clemente, "LNG importance lifts concern about delivery-system security," Oil & Gas Journal., vol. 109, no. 14, April 4, 2011.</ref> in recent years, largely in the countries with the largest markets. However, in order to meet the continuous increase of LNG demand, many regions have pursued in LNG export activities to diversify gas supply.

	==Worldwide Demand==		==Worldwide Demand==
	Regional imbalances in the availability of natural gas have been creating differences in ~~how much~~ natural gas ~~costs~~. This leads naturally to how much natural gas is used and for what it gets used for ([[electricity]], [[home heating]], cooking, etc.).		Regional imbalances in the availability of natural gas have been creating differences in natural gas prices across the world. This leads naturally to how much natural gas is used and for what it gets used for ([[electricity]], [[home heating]], cooking, etc.).

	This inequality has ~~lead~~ to LNG ~~having tremendous growth recently, and potentially into the future, see figure 1a~~. As ~~existing regions continue~~ to grow ~~their natural gas consumption~~, and ~~developing regions begin to consume greater quantities of gas themselves~~, the ~~production of~~ LNG is ~~forecasted~~ to ~~rise 4~~.~~3% per year~~.<ref ~~name=BP~~> ~~BP plc.~~, ~~"BP~~ Energy Outlook ~~2030~~,~~" January 2013~~. [Online]. Available: ~~http~~://www.bp.~~com~~/~~content~~/~~dam/bp/pdf/statistical~~-~~review~~/~~BP_World_Energy_Outlook_booklet_2013.pdf~~. [Accessed ~~26 October 2013~~]~~</ref> Most of Russia’s exports are imported by Europe~~.<~~ref name=BP~~/~~> By 2030, LNG will account for 15.5% of the total gas consumption as shown in the figure 1a.<~~ref ~~name=BP/~~> ~~As worldwide trade of natural gas in~~ the ~~form of~~ LNG ~~rises, the need for new infrastructure will rise as well. Both regasification terminals~~ and liquefaction ~~plants will need to be built or scaled up for increased~~ capacity~~. The figure 1b shows the historical and forecasted growth of infrastructure~~ from ~~1990~~ to ~~2020~~.		This inequality has contributed to the rapid expansion of the global LNG market. As shown in Figure 1, global LNG export capacity is projected to grow by close to 50% by 2030, driven primarily by new liquefaction projects in the United States, and Qatar. However, under the international Energy Agency's States Policies Scenario (STEPS), LNG demand is expected to grow more gradually than export capacity. This increase in capacity is expected to create a more competitive global LNG market.<ref>International Energy Agency, ''World Energy Outlook 2024''. Paris, France: IEA, Oct. 2024. [Online]. Available: <nowiki>https://www.iea.org/reports/world-energy-outlook-2024</nowiki>. [Accessed: Jul. 14, 2026].</ref> Figure 1 illustrates the historical growth and projected relationship between global LNG trade and liquefaction capacity from 2015 to 2035.
			[[File:LNG Capacity.png\|center\|thumb\|775x775px\|Figure 1. Historical (green) and projected (yellow) global LNG trade and liquefaction capability from 2015 through 2035. <ref>IEA (2024), LNG capacity and trade, 2015-2035, IEA, Paris <nowiki>https://www.iea.org/data-and-statistics/charts/lng-capacity-and-trade-2015-2035</nowiki>, Licence: CC BY 4.0</ref>]]
	[[File:LNG ~~2graphs~~.png\|~~775px~~\|thumb\|~~center~~\|Figure 1a. ~~Forecasted~~ LNG ~~exports – Source:~~ <ref ~~name=BP/~~>, ~~Figure 1b~~. ~~Historical~~ and ~~forecasted LNG infrastructure – Source~~:<ref ~~name=BP/~~>]]

	== Selected specific markets ==		== Selected specific markets ==
	There are many other LNG markets in the world, here are a couple of interest.		There are many other LNG markets in the world, here are a couple markets of interest.
	===Asia Market===		===Asia Market===
	The current LNG imports by Asian regions ~~accounts~~ for 60% of the global LNG trade, with Japan and ~~India~~ importing the most LNG in Asia.<ref name=Key>~~PennEnergy~~, ~~"Expert say shale gas could impact Asian LNG market," PennEnergy. June 14~~, ~~2013~~. [Online]. Available: ~~http~~://~~www.pennenergy~~.com/~~articles~~/~~pennenergy/2013/10/experts-say-shale~~-gas-~~could-impact-asian-lng-market~~.~~html~~ [Accessed ~~18 October 2013~~].</ref>		The current LNG imports by Asian regions account for 69% of the global LNG trade, with China, Japan, and South Korea importing the most LNG in Asia.<ref name="Key">Asia Natural Gas and Energy Association (ANGEA), “What Is Natural Gas,” ANGEA. [Online]. Available: https://angeassociation.com/resource/natural-gas-explained/. [Accessed: May 29, 2026].</ref>

	LNG ~~import remains particularly strong~~ in ~~Japan because of~~ the ~~[[Fukushima disaster]] in 2011~~, ~~which lead~~ the ~~government to shut down the nuclear~~ plants, ~~which dramatically increased Japan's natural gas demand~~. Japan's largest LNG suppliers are ~~Indonesia~~ and Malaysia, with a substantial supply coming from ~~Qatar and Australia~~.<ref name=Supply>U.S. ~~Department of Energy, "Liquefied Natural Gas~~: ~~Understanding the Basic Facts," 2005~~.</ref>		Japan is the largest importer of LNG in the world, since the decline of China's imports by 27%.<ref>“LNG plants and regasification terminals. LNG export and import in key countries. Impact of Iran war.,” Seala AI. Accessed: May 29, 2026. [Online]. Available: https://www.seala.ai/analytics/lng-2026q1.</ref> Japan's largest LNG suppliers are Australia and Malaysia, accounting for roughly 48% of import share as of 2025 with a substantial supply coming from the United States (10.3%).<ref name="Supply">“Where are BC’s LNG exports sailing to?” Accessed: May 29, 2026. [Online]. Available: https://wernerantweiler.ca/blog.php?item=2026-03-27. </ref>

	Russia, one of the world's largest energy supplier, is becoming one of Asia LNG exporters to meet the growing demand. Russia currently has an LNG plant located on Sakhalin Island off the country's East Coast that provides an annual capacity of 10 million tonnes.<ref name=Russia>V, Soldatkin, "Russia's Putin offers more tax incentives for Yamal LNG," Reuters. October 21, 2013. [Online]. Available: http://www.reuters.com/article/2013/10/21/russia-gas-tax-idUSL5N0IB0DJ20131021 [Accessed 20 October 2013].</ref>		Russia, one of the world's largest energy supplier, is becoming one of Asia LNG exporters to meet the growing demand. Russia currently has an LNG plant located on Sakhalin Island off the country's East Coast that provides an annual capacity of 10 million tonnes.<ref name=Russia>V, Soldatkin, "Russia's Putin offers more tax incentives for Yamal LNG," Reuters. October 21, 2013. [Online]. Available: http://www.reuters.com/article/2013/10/21/russia-gas-tax-idUSL5N0IB0DJ20131021 [Accessed 20 October 2013].</ref>

	===Canada Market===		===Canada Market===
	Canada is a ~~new entrant~~ in the global LNG industry with ~~limited export and import facilities implemented. At the present time, there are more than 10 proposed~~ LNG ~~projects~~ in British Columbia ~~for economic development~~.<ref name=BC>S. ~~Steilo~~, ~~"Province opens door to Asian investment in LNG~~,~~" 2013~~. [Online] Available: ~~http~~://~~www2~~.~~news~~.~~gov.bc.ca~~/~~news_releases_2013~~-~~2017~~/~~2013MNGD0016-001517~~.~~htm~~ [Accessed ~~20 October 2013~~].</ref>		Canada has emerges as a participant in the global LNG industry, officially entering the the LNG export market in 2025 with LNG Canada facility in Kitimat, British Columbia.<ref name=":0">N. Acharya and R. DiSavino, “LNG Canada produces first liquefied natural gas for export,” ''Reuters'', Jun. 23, 2025. [Online]. Available: https://www.reuters.com/business/energy/lng-canada-produces-first-liquefied-natural-gas-export-sources-say-2025-06-22/. [Accessed: May 29, 2026].</ref>

	==== Import Terminal ====		==== Import Terminal ====
	Canada currently has one operational LNG located in Saint John, New Brunswick. Canaport LNG is an import terminal that receives and regasifies LNG, which transports natural gas to both Canadian and US markets via the Brunswick Pipeline.<ref name="BC" />		Canada currently has one operational LNG located in Saint John, New Brunswick. Canaport LNG is an import terminal that receives and regasifies LNG, which transports natural gas to both Canadian and US markets via the Brunswick Pipeline.<ref name="BC">S. Steilo, "Province opens door to Asian investment in LNG," 2013. [Online] Available: http://www2.news.gov.bc.ca/news_releases_2013-2017/2013MNGD0016-001517.htm [Accessed 20 October 2013].</ref>

	Due to the current economic decline, combined with a decrease in U.S. demand for natural gas, there is a reduced need for LNG exports to the United States. Canaport is currently debating conversion to an export terminal for this reason.		Due to the current economic decline, combined with a decrease in U.S. demand for natural gas, there is a reduced need for LNG exports to the United States. Canaport is currently debating conversion to an export terminal for this reason.

	==== Export Terminal ====		==== Export Terminal ====
	~~As of November 2015,~~ Canada ~~does not have any~~ LNG export terminal~~<ref>NRCan "Canadian~~ LNG ~~projects" 2014~~, ~~[Online]~~. ~~Available: http://www~~.~~nrcan~~.~~gc.ca/energy/natural-gas/5683 [Accessed 8 November 2015]. Searching through relevant sources showed that no change has happened since that report was written in 2014~~</~~ref~~>~~. The Canadian National Energy Board is currently reviewing a number~~ of applications ~~to put these into place~~, please see [https://www.neb-one.gc.ca/pplctnflng/mjrpp/lngxprtlcnc/index-eng.html LNG Export and Import Licence Applications] ~~for up to date information on the status~~ of ~~these applications.~~		Canada's first large scale LNG export terminal, LNG Canada, began exporting in 2025. The facility has an initial export capacity of approximately 14 million tonnes of LNG per year, with future expansion phases under construction. In addition to LNG Canada, there are many other proposed export terminals going through review, construction or final investment planning stages.<ref name=":0" /> For more information about the status of these applications, please see [https://www.neb-one.gc.ca/pplctnflng/mjrpp/lngxprtlcnc/index-eng.html LNG Export and Import Licence Applications].

			==For Further Reading==
			*[[Gas]]
			*[[Natural gas]]
			*[[Liquefied natural gas]]
			*[[Transportation of liquefied natural gas]]
			*[[Energy]]
			*Or explore a [[Special:Random\|random page]]

	== References ==		== References ==

J.williams: 1 revision imported

2015-11-13T01:47:38Z

1 revision imported

← Older revision	Revision as of 01:47, 13 November 2015
(No difference)

Jmdonev at 20:09, 8 November 2015

2015-11-08T20:09:56Z

← Older revision		Revision as of 20:09, 8 November 2015
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	[[Category:Done 2015-02-15~~]] [[Category: Check images~~]]		[[Category:Done 2015-10-15]]
	[[category:energy industry]]		[[category:energy industry]]
	<onlyinclude>The '''liquified natural gas industry''' refers to the production, trade, and consumption of natural gas. While [[oil]] has been traded globally for decades, [[natural gas]] has tended to remain within its continent of origin.</onlyinclude> This means that different continents have had very different prices for natural gas. [[Liquefied natural gas]] (LNG) has started to change this process. There has been significant growth of the LNG market <ref name=Exporters>J. Clemente, "LNG importance lifts concern about delivery-system security," Oil & Gas Journal., vol. 109, no. 14, April 4, 2011.</ref> in recent years, largely in the countries with the largest markets. However, in order to meet the continuous increase of LNG demand, many regions have pursued in LNG export activities to diversify gas supply.		<onlyinclude>The '''liquified natural gas industry''' refers to the production, trade, and consumption of natural gas. While [[oil]] has been traded globally for decades, [[natural gas]] has tended to remain within its continent of origin.</onlyinclude> This means that different continents have had very different prices for natural gas. [[Liquefied natural gas]] (LNG) has started to change this process. There has been significant growth of the LNG market <ref name=Exporters>J. Clemente, "LNG importance lifts concern about delivery-system security," Oil & Gas Journal., vol. 109, no. 14, April 4, 2011.</ref> in recent years, largely in the countries with the largest markets. However, in order to meet the continuous increase of LNG demand, many regions have pursued in LNG export activities to diversify gas supply.
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	Regional imbalances in the availability of natural gas have been creating differences in how much natural gas costs. This leads naturally to how much natural gas is used and for what it gets used for ([[electricity]], [[home heating]], cooking, etc.).		Regional imbalances in the availability of natural gas have been creating differences in how much natural gas costs. This leads naturally to how much natural gas is used and for what it gets used for ([[electricity]], [[home heating]], cooking, etc.).

	This inequality has lead to LNG having the ~~opportunity to grow tremendously~~, see figure 1a. As existing regions continue to grow their natural gas consumption, and developing regions begin to consume greater quantities of gas themselves, the production of LNG is forecasted to rise 4.3% per year.<ref name=BP> BP plc., "BP Energy Outlook 2030," ~~Jnauary~~ 2013. [Online]. Available: http://www.bp.com/content/dam/bp/pdf/statistical-review/BP_World_Energy_Outlook_booklet_2013.pdf. [Accessed 26 October 2013]</ref> Most of Russia’s exports are imported by Europe.<ref name=BP/> By 2030, LNG will account for 15.5% of the total gas consumption as shown in the figure 1a.<ref name=BP/> As worldwide trade of natural gas in the form of LNG rises, the need for new infrastructure will rise as well. Both regasification terminals and liquefaction plants will need to be built or scaled up for increased capacity. The figure 1b shows the historical and forecasted growth of infrastructure from 1990 to 2020.		This inequality has lead to LNG having tremendous growth recently, and potentially into the future, see figure 1a. As existing regions continue to grow their natural gas consumption, and developing regions begin to consume greater quantities of gas themselves, the production of LNG is forecasted to rise 4.3% per year.<ref name=BP> BP plc., "BP Energy Outlook 2030," January 2013. [Online]. Available: http://www.bp.com/content/dam/bp/pdf/statistical-review/BP_World_Energy_Outlook_booklet_2013.pdf. [Accessed 26 October 2013]</ref> Most of Russia’s exports are imported by Europe.<ref name=BP/> By 2030, LNG will account for 15.5% of the total gas consumption as shown in the figure 1a.<ref name=BP/> As worldwide trade of natural gas in the form of LNG rises, the need for new infrastructure will rise as well. Both regasification terminals and liquefaction plants will need to be built or scaled up for increased capacity. The figure 1b shows the historical and forecasted growth of infrastructure from 1990 to 2020.

	[[File:LNG 2graphs.png\|~~900x450px~~\|~~framed~~\|center\|Figure 1a. Forecasted LNG exports – Source: <ref name=BP/>, Figure 1b. Historical and forecasted LNG infrastructure – Source:<ref name=BP/>]]		[[File:LNG 2graphs.png\|775px\|thumb\|center\|Figure 1a. Forecasted LNG exports – Source: <ref name=BP/>, Figure 1b. Historical and forecasted LNG infrastructure – Source:<ref name=BP/>]]

	== Selected specific markets ==		== Selected specific markets ==
	There are many other LNG markets in the world, here are a couple of interest.		There are many other LNG markets in the world, here are a couple of interest.
	===Asia Market===		===Asia Market===
	The current LNG imports by Asian regions accounts for 60% of the global LNG trade, with ~~the two key drivers being~~ Japan and India.<ref name=Key>PennEnergy, "Expert say shale gas could impact Asian LNG market," PennEnergy. June 14, 2013. [Online]. Available: http://www.pennenergy.com/articles/pennenergy/2013/10/experts-say-shale-gas-could-impact-asian-lng-market.html [Accessed 18 October 2013].</ref>		The current LNG imports by Asian regions accounts for 60% of the global LNG trade, with Japan and India importing the most LNG in Asia.<ref name=Key>PennEnergy, "Expert say shale gas could impact Asian LNG market," PennEnergy. June 14, 2013. [Online]. Available: http://www.pennenergy.com/articles/pennenergy/2013/10/experts-say-shale-gas-could-impact-asian-lng-market.html [Accessed 18 October 2013].</ref>

	LNG import remains strong in Japan because of the [[Fukushima disaster]] in 2011, which ~~have has~~ lead the government to shut down ~~many of~~ the nuclear plants ~~and has~~ increased Japan's natural gas demand. Japan's largest LNG suppliers are Indonesia and Malaysia, with a substantial supply coming from Qatar and Australia.<ref name=Supply>U.S. Department of Energy, "Liquefied Natural Gas: Understanding the Basic Facts," 2005.</ref>		LNG import remains particularly strong in Japan because of the [[Fukushima disaster]] in 2011, which lead the government to shut down the nuclear plants, which dramatically increased Japan's natural gas demand. Japan's largest LNG suppliers are Indonesia and Malaysia, with a substantial supply coming from Qatar and Australia.<ref name=Supply>U.S. Department of Energy, "Liquefied Natural Gas: Understanding the Basic Facts," 2005.</ref>

	Russia, one of the world's largest energy supplier, is becoming one of Asia LNG exporters to meet the growing demand. Russia currently has an LNG plant located on Sakhalin Island off the country's East Coast that provides an annual capacity of 10 million tonnes.<ref name=Russia>V, Soldatkin, "Russia's Putin offers more tax incentives for Yamal LNG," Reuters. October 21, 2013. [Online]. Available: http://www.reuters.com/article/2013/10/21/russia-gas-tax-idUSL5N0IB0DJ20131021 [Accessed 20 October 2013].</ref>		Russia, one of the world's largest energy supplier, is becoming one of Asia LNG exporters to meet the growing demand. Russia currently has an LNG plant located on Sakhalin Island off the country's East Coast that provides an annual capacity of 10 million tonnes.<ref name=Russia>V, Soldatkin, "Russia's Putin offers more tax incentives for Yamal LNG," Reuters. October 21, 2013. [Online]. Available: http://www.reuters.com/article/2013/10/21/russia-gas-tax-idUSL5N0IB0DJ20131021 [Accessed 20 October 2013].</ref>
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	==== Export Terminal ====		==== Export Terminal ====
	As of ~~August 2014~~, Canada does not have any LNG export terminal~~. A joint venture comprised of Apache Canada Ltd. and Chevron Canada is proposing to build and operate a LNG export terminal in Kitimat, British Columbia.~~<ref ~~name=Kitimat~~>~~Kitimat~~ LNG, "~~Project Description~~,~~" 2013.~~ [Online]. Available: http://www.~~kitimatlngfacility~~.~~com~~/~~Project~~/~~project_description.aspx~~ [Accessed ~~20 October 2013~~].</ref>		As of November 2015, Canada does not have any LNG export terminal<ref>NRCan "Canadian LNG projects" 2014, [Online]. Available: http://www.nrcan.gc.ca/energy/natural-gas/5683 [Accessed 8 November 2015]. Searching through relevant sources showed that no change has happened since that report was written in 2014</ref>. The Canadian National Energy Board is currently reviewing a number of applications to put these into place, please see [https://www.neb-one.gc.ca/pplctnflng/mjrpp/lngxprtlcnc/index-eng.html LNG Export and Import Licence Applications] for up to date information on the status of these applications.

	The ~~Kitimat LNG will include LNG liquefaction, storage and marine on-loading facilities to supply the Asia-Pacific region. This $4.5 billion liquefaction plant and marine terminal~~ is ~~in partnership with Pacific Trail Pipelines Ltd.~~ to transport natural gas directly from Summit Lake in north central BC to Kitimat LNG terminal.<ref name="Kitimat" /> It is proposed that the plant will produce 5 million [[tonne]]s of LNG annual (or equivalently 700 million cubic feet of natural gas per day).<ref name=Kit>Canaport LNG LP, "Canaport LNG FAQs,~~" 2008.~~ [~~Online]. Available: http~~://www.~~canaportlng~~.~~com~~/~~faqs~~.~~php. [Accessed 21 October 2013~~]~~.</ref> The project constructions planned~~ to ~~start in 2013, with commercial operation in late 2016.~~

	~~The economic benefits of~~ the ~~Kitimat LNG project is to create long term stability of exporting Canadian LNG to Asia markets. This will also generate significant number~~ of ~~job opportunities in the regions. There are also deep environmental concerns in the region, which have lead to heated debate~~.

	== References ==		== References ==

J.williams: 1 revision imported

2015-08-26T21:31:17Z

1 revision imported

← Older revision	Revision as of 21:31, 26 August 2015
(No difference)

J.williams at 16:56, 12 August 2015

2015-08-12T16:56:39Z

New page

[[Category:Done 2015-02-15]] [[Category: Check images]]
[[category:energy industry]]
<onlyinclude>The '''liquified natural gas industry''' refers to the production, trade, and consumption of natural gas. While [[oil]] has been traded globally for decades, [[natural gas]] has tended to remain within its continent of origin.</onlyinclude> This means that different continents have had very different prices for natural gas. [[Liquefied natural gas]] (LNG) has started to change this process. There has been significant growth of the LNG market <ref name=Exporters>J. Clemente, "LNG importance lifts concern about delivery-system security," Oil & Gas Journal., vol. 109, no. 14, April 4, 2011.</ref> in recent years, largely in the countries with the largest markets. However, in order to meet the continuous increase of LNG demand, many regions have pursued in LNG export activities to diversify gas supply.

==Worldwide Demand==
Regional imbalances in the availability of natural gas have been creating differences in how much natural gas costs. This leads naturally to how much natural gas is used and for what it gets used for ([[electricity]], [[home heating]], cooking, etc.).

This inequality has lead to LNG having the opportunity to grow tremendously, see figure 1a. As existing regions continue to grow their natural gas consumption, and developing regions begin to consume greater quantities of gas themselves, the production of LNG is forecasted to rise 4.3% per year.<ref name=BP> BP plc., "BP Energy Outlook 2030," Jnauary 2013. [Online]. Available: http://www.bp.com/content/dam/bp/pdf/statistical-review/BP_World_Energy_Outlook_booklet_2013.pdf. [Accessed 26 October 2013]</ref> Most of Russia’s exports are imported by Europe.<ref name=BP/> By 2030, LNG will account for 15.5% of the total gas consumption as shown in the figure 1a.<ref name=BP/> As worldwide trade of natural gas in the form of LNG rises, the need for new infrastructure will rise as well. Both regasification terminals and liquefaction plants will need to be built or scaled up for increased capacity. The figure 1b shows the historical and forecasted growth of infrastructure from 1990 to 2020.

[[File:LNG 2graphs.png|900x450px|framed|center|Figure 1a. Forecasted LNG exports – Source: <ref name=BP/>, Figure 1b. Historical and forecasted LNG infrastructure – Source:<ref name=BP/>]]

== Selected specific markets ==
There are many other LNG markets in the world, here are a couple of interest.
===Asia Market===
The current LNG imports by Asian regions accounts for 60% of the global LNG trade, with the two key drivers being Japan and India.<ref name=Key>PennEnergy, "Expert say shale gas could impact Asian LNG market," PennEnergy. June 14, 2013. [Online]. Available: http://www.pennenergy.com/articles/pennenergy/2013/10/experts-say-shale-gas-could-impact-asian-lng-market.html [Accessed 18 October 2013].</ref>

LNG import remains strong in Japan because of the [[Fukushima disaster]] in 2011, which have has lead the government to shut down many of the nuclear plants and has increased Japan's natural gas demand. Japan's largest LNG suppliers are Indonesia and Malaysia, with a substantial supply coming from Qatar and Australia.<ref name=Supply>U.S. Department of Energy, "Liquefied Natural Gas: Understanding the Basic Facts," 2005.</ref>

Russia, one of the world's largest energy supplier, is becoming one of Asia LNG exporters to meet the growing demand. Russia currently has an LNG plant located on Sakhalin Island off the country's East Coast that provides an annual capacity of 10 million tonnes.<ref name=Russia>V, Soldatkin, "Russia's Putin offers more tax incentives for Yamal LNG," Reuters. October 21, 2013. [Online]. Available: http://www.reuters.com/article/2013/10/21/russia-gas-tax-idUSL5N0IB0DJ20131021 [Accessed 20 October 2013].</ref>

===Canada Market===
Canada is a new entrant in the global LNG industry with limited export and import facilities implemented. At the present time, there are more than 10 proposed LNG projects in British Columbia for economic development.<ref name=BC>S. Steilo, "Province opens door to Asian investment in LNG," 2013. [Online] Available: http://www2.news.gov.bc.ca/news_releases_2013-2017/2013MNGD0016-001517.htm [Accessed 20 October 2013].</ref>

==== Import Terminal ====
Canada currently has one operational LNG located in Saint John, New Brunswick. Canaport LNG is an import terminal that receives and regasifies LNG, which transports natural gas to both Canadian and US markets via the Brunswick Pipeline.<ref name="BC" />

Due to the current economic decline, combined with a decrease in U.S. demand for natural gas, there is a reduced need for LNG exports to the United States. Canaport is currently debating conversion to an export terminal for this reason.

==== Export Terminal ====
As of August 2014, Canada does not have any LNG export terminal. A joint venture comprised of Apache Canada Ltd. and Chevron Canada is proposing to build and operate a LNG export terminal in Kitimat, British Columbia.<ref name=Kitimat>Kitimat LNG, "Project Description," 2013. [Online]. Available: http://www.kitimatlngfacility.com/Project/project_description.aspx [Accessed 20 October 2013].</ref>

The Kitimat LNG will include LNG liquefaction, storage and marine on-loading facilities to supply the Asia-Pacific region. This $4.5 billion liquefaction plant and marine terminal is in partnership with Pacific Trail Pipelines Ltd. to transport natural gas directly from Summit Lake in north central BC to Kitimat LNG terminal.<ref name="Kitimat" /> It is proposed that the plant will produce 5 million [[tonne]]s of LNG annual (or equivalently 700 million cubic feet of natural gas per day).<ref name=Kit>Canaport LNG LP, "Canaport LNG FAQs," 2008. [Online]. Available: http://www.canaportlng.com/faqs.php. [Accessed 21 October 2013].</ref> The project constructions planned to start in 2013, with commercial operation in late 2016.

The economic benefits of the Kitimat LNG project is to create long term stability of exporting Canadian LNG to Asia markets. This will also generate significant number of job opportunities in the regions. There are also deep environmental concerns in the region, which have lead to heated debate.

== References ==

{{reflist}}
[[Category:Uploaded]]