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Canada19 Apr

Canada's LNG exports boom as oil outlook splits

Canada's natural gas production is set to surge 68% by 2050, with a quarter dedicated to booming LNG exports.

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Canada
Updated
Sunday, 19 April 2026 at 14:34 UTC
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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.
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