The Globe and Mail: Prime Minister Mark Carney and Energy Minister Tim Hodgson are striving to spur development of LNG in Canada, believing that exporting 50 million tonnes a year is possible by 2030. They say that longer term, the country’s total LNG exports could reach up to 100 million tonnes annually by 2040.
A reality check, however, shows that those political aspirations are rosy targets rather than reflecting the harsh math of what will likely be built in the years ahead…