Recent geopolitical disruptions have exposed vulnerabilities in energy supply chains and reinforced the importance of energy security. At the same time, many Asian economies continue to balance rising energy demand with affordability and decarbonisation objectives.
These developments are unfolding alongside continued growth in Liquefied Natural Gas (LNG) demand. According to Wood Mackenzie, Asian LNG demand is projected to increase from around 260 million metric tonnes per annum (mmtpa) presently to approximately 500 mmtpa by 2060, with a significant share of future demand remaining uncontracted.
For Asian buyers, the question is how much LNG will be available, whether it can reach the market reliably and at what cost. With a significant share of future demand yet to be contracted, buyers are increasingly looking beyond traditional suppliers to build more resilient and diversified LNG portfolios.
As buyers assess potential sources of future supply, Canada’s LNG sector has attracted renewed attention following the final investment decision on LNG Canada Phase 2, which will double the facility’s capacity to 28 mmtpa. Alongside projects already under construction, this could bring the country’s total LNG export capacity to approximately 33 mmtpa by the end of the decade.
Its natural gas resources, access to the Pacific Coast and relatively lower-carbon LNG potential have also contributed to interest in Canada as a potential supplier to Asian markets.
Securing Asia’s Energy Future with Lower-Carbon Supply, a white paper published by Energy Asia in partnership with Wood Mackenzie, examines how Asia’s evolving LNG requirements intersect with the growth of Canada’s LNG sector.
The paper builds on insights from the Energy Asia Multi-Stakeholder Dialogue held in Montreal, Canada, in May 2026. The closed-door discussion convened experts from across the LNG value chain to consider the implications of sustained market volatility, structural shifts in LNG markets and Canada’s potential role in meeting Asia’s long-term energy needs.
It also examines the factors that could determine whether new LNG supply reaches Asian buyers competitively, including financing, regulatory certainty, project execution and access to markets.
Explore these questions in Securing Asia’s Energy Future with Lower-Carbon Supply.
