Growing Canada's liquefied natural gas industry will create jobs and boost economy for decades
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Monday, July 27, 2020
VANCOUVER, BC, July 27, 2020 /CNW/ -A new Conference Board of Canada Report estimates that growing the liquefied natural gas (LNG) industry in British Columbia could create 96,550 new jobs, boost total wages in Canada by over $6 billion, and increase Canada's Gross Domestic Product (GDP) by $11 billion every year.
Key Points:
- VANCOUVER, BC, July 27, 2020 /CNW/ -A new Conference Board of Canada Report estimates that growing the liquefied natural gas (LNG) industry in British Columbia could create 96,550 new jobs, boost total wages in Canada by over $6 billion, and increase Canada's Gross Domestic Product (GDP) by $11 billion every year.
- "Canada's LNG industry holds potential economic benefits for Canada," said Roger Francis, Director of Sustainability at The Conference Board of Canada.
- 's liquefied natural gas industry , examines the potential economic impacts of growing Canada's LNG industry to 56million tonnes per annum (MTPA) by 2034 with the investment in infrastructure, additional LNG projects and the expansion of the $40 billion Phase 1 LNG Canada project in Kitimat, B.C.
- Quebec, an additional 2,600 jobs, Manitoba more than 1,000 jobs, and Saskatchewan more than 800 new jobs each year.