S&P Global Report Details Investment Potential and Hurdles for Canada's LNG Sector
What happened
S&P Global released a report analyzing the state and outlook of Canada's liquefied natural gas sector. The study found that meeting export targets could stimulate nearly $1-trillion in investment across the fuel's value chain and contribute $888-billion to GDP through 2050. However, the report notes that lengthy permitting times, policy instability, and infrastructure constraints are currently hindering the sector's full potential.
From theglobeandmail.com
Why it matters
The government's ambition for the sector is to make Canada the world’s third-largest LNG exporter, with total exports potentially reaching 100 million tonnes annually by 2040. The report suggests that quickly addressing regulatory and cost uncertainty issues could support nearly a quarter million jobs annually.
From theglobeandmail.com
Who's involved
- S&P GlobalReleased the study detailing the state and outlook of Canada's LNG sector
- S&P Global Market IntelligenceThe business unit responsible for the analysis of the LNG industry
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Canadian LNG growth may shift global energy reliance away from Middle EastCanadian LNG growth may shift global energy reliance away from Middle EastPossible
- LNG sector outlook could increase demand for S&P Global Market IntelligenceDetailed LNG sector report may boost demand for specialized market intelligence.Possible
- How could the outlook for Canada's LNG sector affect the Federal Reserve?Canada's LNG potential may influence global energy market stabilityPossible
- Canada's LNG outlook may influence S&P Global Ratings' assessmentsCanada's LNG sector outlook may lead to mixed credit risk assessmentsPossible
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The entities involved
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S&P Global
American publicly traded corporation, formerly McGraw Hill Financial, Inc