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Globe says Fortis, rivals hear Ottawa aims to boost LNG

2026-03-16 09:18 ET - In the News

See In the News (C-FTS) Fortis Inc

The Globe and Mail reports in its Saturday edition that Francois Poirier is hoping that Canada will take advantage of a second chance to become one of the global leaders in exporting liquefied natural gas. The Globe's Brent Jang writes that the chief executive officer of TC Energy believes that Canada could be well positioned to diversify its economy by further tapping into massive reserves of natural gas. "You're competing on the global stage for a time-bound opportunity," Mr. Poirier told The Globe. "When I think about economic sovereignty, I think about the importance of Canada to be competitive." The Canadian government's quest to boost economic sovereignty has been amplified over the past couple of weeks by the war in Iran and the ripple effects from the Middle East, including Qatar's suspension of its LNG production during the virtual shutdown of the Strait of Hormuz. Global prices for oil and LNG spiked after the assaults. In the United States, eight LNG export terminals have opened since 2016, and another four are slated to be operating by 2028. The only LNG export terminal running so far in this country is the Shell-led LNG Canada project in Kitimat, B.C., which TC serves with its Coastal GasLink pipeline.

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