Animal’s Daily Canadian Energy News

The Calgary Herald is on record advocating for Canadian LNG (liquified natural gas) production.  Good for them.  That will help the U.S. as well.

A new report by the International Energy Agency (IEA) projects a slowdown in the growth of natural gas consumed in the world, forecasting it will peak in North America in 2023 before declining next year.

Yet, it also highlights the opportunity ahead for countries that are willing and able to export liquefied natural gas (LNG), particularly the United States.

It’s just one more reason Canada needs to ensure it has a firm spot in the global LNG sector — something industry leaders and energy experts continue to highlight, even with last month’s projections by the IEA that oil, coal and natural gas demand will peak this decade.

And at least one person involved is showing some sanity on this issue:

“There are a lot of forecasts. You know, I’ve been in this business long enough to see peak oil many times and it’s never actually hit peak oil. This year, the world will use more oil than it’s ever used before,” Enbridge CEO Greg Ebel said in an interview Friday.

“Natural gas is a critical component in so many different regions of the world and will continue to do so as part of our sustainability goals, as part of backup for renewables . . . More and more people want to have a better lifestyle and that means cheap, affordable, secure energy.

“And, inevitably, for decades and decades to come, that is going to involve natural gas and oil.”

Of course it will.  Everyone who understands energy density and economics knows this.  It’s even become apparent in Germany, who are having to move back to coal for power generation after their green energy plans haven’t worked out and their supply of Russian natural gas was cut off.  Oh, and after they shut all of their nuclear power plants down.

Maybe some sanity is returning to the world of energy.  Then again, maybe not.  But Canada’s development of their LNG resources would help the United States, too; we are, after all, not only neighbors but trading partners, and the U.S. is a huge energy market that I’m sure Canada would love to have a bigger piece of.  And better we get it from Canada than from the Middle East.