Canada’s Atlantic LNG Dreams Just Got Pricier

Quebec is reconsidering an LNG export project that was previously abandoned due to high costs and low European demand, as the U.S. tariff threats have prompted Canada to explore new export markets for its oil and gas. The province of Quebec is now open to reviving the project to reduce its reliance on the U.S. market. However, analysts argue that the business case for LNG exports from Canada’s East Coast is weak, citing structural shifts in global LNG markets and escalating project costs. Meanwhile, large energy companies are focusing on investment opportunities on the West Coast to boost Canadian oil and gas exports to markets beyond the U.S.