The Globe and Mail reports in its Saturday edition that Canada is poised to expand liquefied natural gas exports amid global supply shortages stemming from the Iran war. The Globe's Brent Jang writes that Ottawa aims to boost LNG development, targeting 50 million tonnes yearly by 2030 and potentially reaching 100 million tonnes by 2040. The Globe, however, wonders if those targets are realistic. Before the war started on Feb. 28, about one-fifth of the world's oil and LNG supplies passed through the Strait of Hormuz, now effectively closed to marine traffic. Poten & Partners strategist Jason Feer says, "Even if the war is over, even if the shooting winds down, there's a longer-term impact on LNG supply." Only a month ago, an LNG glut had been widely expected. Global LNG supplies, however, are now forecast to be tight after damage to the Ras Laffan LNG hub in Qatar. It could take up to five years for repairs to fully restore the lost Qatari output. Poten & Partners says Canada's strategic value has increased with its proximity to Asian LNG markets. Canada is currently the world's fifth-largest producer of natural gas. FortisBC is expanding Tilbury LNG site in Delta and Summit Lake PG LNG near Prince George.