At the start of this year, Pakistan had more imported liquefied natural gas (LNG) than it could use, with demand falling from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025. The government sold excess gas shipments to other countries and shut down domestic gas wells to prevent pipelines from bursting under oversupply.
The impact of the Iranian attack on Qatar's LNG facilities has knocked out 17 percent of the country's LNG export capacity, an impact that will take years to recover from.
To continue his football analogy, Hodgson told host Rosemary Barton he would "describe these five projects as being down in the red zone" the area of a football field close to the goal line. "The Major Projects Office is there to help make sure each of these proponents punches the ball into the end zone, scores a touchdown and builds for Canada."
Japan's international influence in energy financing, specifically fossil fuel financing, is enormous, covering all aspects of the fossil fuel supply chain from exploration to power plants.
Following the imposition of a 15% tariff by China on U.S. liquefied natural gas on February 10, China significantly reduced its imports from the U.S., continuing its economic decoupling from America.
