Feb 27 • 14:40 UTC 🇨🇦 Canada National Post

FIRST READING: New Brunswick sits on an ocean of natural gas. It’s now importing Australian LNG.

New Brunswick is importing LNG from Australia despite having significant natural gas reserves domestically.

Canada’s energy sector faces criticism as New Brunswick begins importing liquefied natural gas (LNG) from Australia, despite possessing substantial domestic natural gas reserves. This development underscores the inefficiencies and challenges within Canada’s energy infrastructure, which have hindered the export of its own natural gas resources. The arrival of the LNG tanker Maran Gas Hector in Saint John, New Brunswick highlights the irony of importing gas from so far away while local proposals for export terminals have stalled or failed.

The situation reflects a stark contrast between Canada and Australia in how they have developed their respective LNG industries. Australia has successfully built its market and is now benefiting from LNG exports, while Canada struggles with bureaucratic hurdles and a lack of political support to capitalize on its vast reserves. The report indicates that proposals made as far back as 2015 for LNG export terminals in Canada have not progressed, showcasing systemic issues within the country's energy policies.

As New Brunswick relies on imported natural gas, questions arise regarding energy independence and the economic implications for the region. This reliance on foreign LNG could undermine local energy projects and the potential for job creation in Canada’s energy sector. The article calls for a reevaluation of policies governing energy resource management to ensure that Canada can fully leverage its natural gas reserves and compete in the global energy market.

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