Statement from the Canadian Association of Petroleum Producers on the decision by the President of the United States to pause approvals of new gas export terminals

Calgary, Alberta (Jan 26, 2024) 

“North American LNG is in high demand around the world because it is a lower emission source of secure energy that is helping countries get off coal while ensuring a secure supply of energy for their citizens. The rapid emergence of the LNG industry in the United States has been an incredible success story, playing a crucial role in protecting the energy security of countries in Europe and Asia who are reducing their reliance on Russian natural gas for their critical energy supplies. LNG facilities on the U.S. Gulf Coast are also offering Canadian producers an opportunity to export their natural gas globally. Given the highly integrated nature of the North American energy market, CAPP is disappointed in the White House decision to pause license approvals for LNG to non-FTA countries.”

Lisa Baiton, CAPP President & CEO

 

About CAPP

The Canadian Association of Petroleum Producers (CAPP) is a non-partisan, research-based industry association that advocates on behalf of our member companies, large and small, that explore for, develop, and produce oil and natural gas throughout Canada. Our associate members provide a wide range of services that support the upstream industry. CAPP’s members produce nearly three quarters of Canada’s annual oil and natural gas production and provide more than 400,000 direct and indirect jobs in nearly all regions of Canada. In 2022 across Canada, our industry contributed $111 billion to the Gross Domestic Product (GDP) in addition to paying $45 billion in taxes and royalty payments. CAPP is a solution-oriented partner and works with all levels of government to ensure a thriving Canadian oil and natural gas industry. We strive to meet the need for safe, reliable, affordable, and responsibly produced energy, for Canada and the world. We are proud to amplify industry efforts to reduce GHG emissions from oil and gas production and support Indigenous participation and prosperity.

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