CleanTechnica•5 days ago
Canada’s LNG Mirage: Why Most Projects Won’t Be Built and Taxpayers Won’t See the Payoff
Key Takeaway
The global energy transition, driven by renewables and storage, is making new, large-scale fossil fuel projects like Canadian LNG exports increasingly uneconomical and unlikely to materialize.
AI Summary
- •Canadian LNG export infrastructure plans are based on an outdated assumption of persistent global gas demand growth, despite a rapidly shifting energy landscape.
- •Most proposed Canadian LNG projects face significant headwinds from sustained global LNG oversupply, rapid deployment of solar and battery storage, and increasing financing costs for fossil fuel infrastructure.
- •Developers and large power consumers should anticipate reduced new Canadian LNG supply and a faster global transition to renewables, impacting long-term energy pricing and availability.
Topics
financingpolicysolarstorage
Article Content
Canada is planning LNG export infrastructure as if global gas demand growth will persist for decades, but the energy system is moving in a different direction. Under conditions of sustained LNG oversupply, rapid global deployment of solar and batteries, and rising financing costs for fossil infrastructure, most proposed Canadian LNG ... [continued] The post Canada’s LNG Mirage: Why Most Projects Won’t Be Built and Taxpayers Won’t See the Payoff appeared first on CleanTechnica .