Nation Building through LNG and NGLs: Powering Canada’s Economic Growth, Trade and Global Energy Security is available in full here.
Calgary, AB, November 12, 2026 – A new report from S&P Global Energy reveals Canada’s goal of exporting 100 Million Metric tonnes per year (MMtpa) of LNG would unlock $1 trillion in investment, contribute nearly $900B to Canada’s GDP, and support nearly 250,000 jobs annually.
Supported by the Calgary Chamber of Commerce and our members, the S&P Global Energy report, titled Nation Building through LNG and NGLs: Powering Canada’s Economic Growth, Trade and Global Energy Security finds that reaching the 100 MMtpa target not only would this vault Canada into the world’s top three exporters of LNG, it would also generate $1.6 trillion in business revenues, $151 billion in tax revenue and potentially avoid 44 MtCO2e per year of greenhouse gas emissions – equivalent to 10 million gasoline-powered cars each year.
“Canada’s energy sector has long underpinned our economy – but now more than ever, as the world’s energy systems have been re-shaped, Canada has a generational opportunity to increase its energy exports to countries seeking to both secure and diversify their energy supplies. We have what the world needs,” says Deborah Yedlin, President and CEO of the Calgary Chamber of Commerce. “This study points to the urgency and priority of scaling LNG exports, which will also augment the production of associated natural gas liquids (NGLs) including ethane, butane and propane, (LPGs) whose demand is growing in Asia, as well as the condensate needed to ship oil sands barrels via pipeline.
“As important as LNG is for countries needing to meet their natural gas demand, the NGLs and LPGs are critical inputs for the global petrochemical industry, which continues to grow,” explains Yedlin. From a domestic standpoint, increasing the production of condensate – used in the shipment of oil sands barrels is critical to increasing oil sands production that will fill pipelines like Pacific Link. Canada has long relied on the United States for diluent production, and increasing our capacity within Canada is part of our pathway to greater energy security.”
With LNG displacing more emissions intensive fuels and Canadian LNG posting 55 per cent lower on greenhouse gas intensity on average than comparable projects globally, increasing Canadian LNG exports follows on Canada’s commitment to tackling global emissions reduction while advancing carbon competitive exports.
Canada now has a blueprint for successful consultation and partnership with Indigenous communities, which will also be critical to project certainty and shared prosperity. The availability of government supports, such as loan guarantee programs that have already facilitated financial partnerships, will play an important role in moving projects forward.
While Canada is currently on track to approach 36 MMtpa and potentially more by 2032 – assuming the four projects that are in various phases of approval or development proceed – reaching the federal government’s goal of 100 MMtpa by 2050 will require the rapid acceleration of upstream and critical infrastructure activity and signficant capital investment. The global LNG market remains very competitive, with 600 MMtpa of projects underway chasing 176 MMtpa of identified demand by 2050, underscoring the urgency facing Canada.
“Canada’s energy potential is at the crux of nation building and will underpin our economic future for generations. We have the opportunity to provide reliable, affordable, and clean energy to Canadians and the world ,” says Yedlin. “But to achieve our potential, Canada will need to act quickly. Globally, LNG supply is expected to grow 50 per cent in the next five years, and Canada risks missing the opportunity if we don’t resolve challenges related to permitting, policy stability, infrastructure constraints that will unlock the capital investment that will give Canada a prominent role in global LNG markets.”
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About the Calgary Chamber of Commerce
The Calgary Chamber exists to empower our business community to advance a prosperous Calgary and Canada. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city.
About the Study
This study offers an independent and objective assessment of the economic, market and global impact of the Canadian gas, LNG and NGLs industry, built from a detailed bottom-up approach, at the asset and market level and by technology. It represents the collaboration of S&P Global CERA Consulting and S&P Global Market Intelligence, supported by the world’s largest expert team of over 1,400 energy and economic research analysts and consultants continuously monitoring, modelling and evaluating markets and assets. The analysis and metrics developed for this research represent the independent analysis and views of S&P Global. The study makes no policy recommendations. This research was supported by the Calgary Chamber of Commerce. S&P Global is exclusively responsible for all of the analysis, content and conclusions of the study.
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