Canada's LNG exports boom as oil outlook splits

Canada's energy sector is experiencing a major divergence, with liquefied natural gas (LNG) exports booming while oil production faces an uncertain future. Natural gas production is projected to explode by 68% by 2050, jumping from 19 billion cubic feet per day to 32 Bcf/d, with 25% of that dedicated to LNG exports. Major projects like LNG Canada have already delivered over 50 cargoes, and the $5.3 billion Cedar LNG floating facility has broken ground. In contrast, the outlook for Canadian oil production dramatically splits, with forecasts showing either an 18% growth or a 12% decline by 2050, hampered by pipeline bottlenecks and volatile global pricing.