Would you believe there are two countries in North America?
One smart and rich, and the other one is Canada
Canada’s LNG Debacle is a Taxpayer’s Recurring Nightmare in Five Acts
Meanwhile, the U.S. which has never shied away from monetizing a resource, took the opportunity and built a global LNG empire.
Has Canada finished its first round of stakeholder engagement on LNG? One country treated LNG like a revenue engine; the other treated it like a "Meh."
This isn’t policy the Canadian taxpayer might have anticipated since Canada has no shortage of Natural Gas and has known this for a century. Historically the country unites for big projects. The country was created by a railroad project. The country dredged the St Lawrence Seaway. The country developed the world's third largest deposit of petroleum. The nation built the James Bay Project. The country opened ports on every coast.
Today the indolent response to economic potential in natural gas is more like a nation encountering nightmare after nightmare: A country crippled by institutional fetters watching the U.S. mint brand new and recurring wealth at industrial scale, overnight.
From whence did these nightmares spring?
Nightmare 1: The One Where You Watch Someone Else Spend Your Lottery Winnings
The 2010s through early 2020s were golden years for LNG arbitrage. Asian buyers were paying premiums, the U.S. was still stretching before the race, and Canada had every structural advantage you can imagine. What it didn’t have was the ability to move faster than a glacier with a government appointment and a clipboard.Economic modeling from the Conference Board of Canada shows what taxpayers could have gained if Canada had built out roughly 56 million tonnes per year of LNG capacity:
- about $11 billion in annual GDP
- nearly 100,000 sustained jobs every year
- more than $2 billion per year in taxes and royalties
Nightmare 2: The One Where Every Project Dies of Sclerosis
Pacific NorthWest LNG—$36 billion, global capital lined up, Indigenous partnerships ready—spent years in regulatory limbo before finally expiring of natural causes in 2017. A fact we all know was a procession of West and East Coast proposals followed into the bureaucratic afterlife, casualties of timelines that averaged 19 months longer than U.S. approvals.
Broader tallies of cancelled or stalled resource projects since 2015 reach the $660–$670 billion range. For taxpayers, that’s not just a number. It’s the sound of revenue evaporating while taxes keep rising to cover the gap. Add to the evaporating cash the mismanagement of federal spending, and debt spirals while development process dies horrible deaths.
Nightmare 3: The One Where Your Neighbour Builds a Formidable Mint While You’re Still Reading the Instructions on a Tinker Toy.
This is the dream where the U.S. appears in a montage of hard hats, cranes, liquefaction trains rising like steel cathedrals, and Canada, same vicinity, same offices, similar ciews, cannot find the right sticky notepad.
The neighbour’s holdings now contain:
- the world’s largest LNG export system
- long‑term contracts with half the planet
- a job boom so large it needs its own zip code
Meanwhile, the Canadian taxpayer stands at the fence holding a bag of fentanyl precursor, wondering how the neighbour built a national treasure while Canada was debating the merits of people owning nothing or giving their property to a few sullen Native folk suddenly enamored of urban property belonging to others. The old game of Indian Giving taken to Grand Theft Auto Level 11 (and there's only 10 levels).
The people they are removing from property might be their MD, or their Professor, or their Band Accountant. If it seems like self-sabotage, that's because Canada's new motif is psychopaths rule.
Nightmare 4: The One Where You Finally Arrive, After the Market Has Gone Home
LNG Canada’s first cargo in mid‑2025 was a triumph, arguably, since it was the largest private investment in Canadian history now finally producing. But by then, the global market had shifted. U.S. and Qatari expansions had flooded supply. Prices had cooled. Competition was fierce.
Canada entered the market like someone fashionably late to a party that wasn’t supposed to be fashionable, like, for instance, making the King wait for knighting. For taxpayers, it meant the premium years were already gone, the years that would pay down debt and fund new services for immigration, for defense, for education, and new industry. Instead. Food banks, and grocery tax credits.
It's too pitiful for words, really. Let us continue with words anyway.
And now, Nightmare 5: This is the worst one. The lucid nightmare. The One Where the World Knocks—And Canada Isn’t Ready Yet
The moment when the taxpayer finally sees the problem clearly—and the problem is timing. In this dream, Canada isn’t short on demand because leaders from Japan, South Korea, India, Germany, heads of major economies with real energy needs, publicly stepped forward with the same message:
We want Canadian LNG. We want long‑term contracts. We want reliable partners.
They say it publicly. They say it diplomatically. They say it repeatedly.
And yet Canada, in the nightmare, answers with the soft thud of another discussion paper hitting another desk.
Meanwhile, Indigenous‑led projects—Woodfibre, Cedar, Haisla Nation’s leadership are proving what modern energy development can look like when communities lead: faster timelines, clearer accountability, stronger environmental stewardship. They’re building while the rest of Canada is debating the preamble.
The clocks in this nightmare have stopped moving. God forbid pensions go unfunded while taxpayers stand between global demand and Indigenous innovation and realize the nightmare isn’t a lack of opportunity—it’s a generational inability to act when opportunity arrives.
The bottom line remains at a decade earlier, when Canada could have had:
- stronger provincial and federal revenues
- diversified export markets
- tens of thousands more well‑paid jobs
- a fiscal position less dependent on hoping commodity prices behave
But the approvals stretched on into disapprovals, and the best projects aged out. But not on the exact same continent of North America where U.S. built an export empire in the same time it took for Canada drop to a zero growth GDP and no change in sight.
The Closing Gavel
Canada’s LNG story isn’t a tragedy of resources or capability. It’s a tragedy of timing. The world knocked. Indigenous partners stepped forward. Investors lined up. The opportunity was real, measurable, and repeatedly confirmed by global demand.
And yet, the decade slipped away.
The U.S. certainly didn’t out‑resource Canada. It out‑decided Canada's decision-makers and in so doing left Canadian citizens, taxpayers, in the lurch.
For taxpayers, the nightmare isn’t the lost wealth—it’s waking up to the realization that the alarm clock rang ten years ago, and the country is still reaching for the snooze button.
On the same continent
The Key U.S. LNG Export Terminals:
A Quick Guide to the Major Players
Here's a straightforward rundown of the most important operational and soon-to-ramp-up terminals as of early 2026, focusing on their scale, operators, locations, and roles in the boom. Capacities are approximate nominal (design) figures in billion cubic feet per day (Bcf/d) or equivalent million metric tons per annum (MTPA), with many sites exceeding nominal through optimization.
Sabine Pass LNG (Cameron Parish, Louisiana)
Operator: Cheniere Energy
Capacity: ~4.5 Bcf/d (about 30 MTPA) across six trains
Status: Fully operational since 2016 (first U.S. Lower 48 exports)
Why it matters: The pioneer that kicked off America's LNG export era. It's the largest single facility, reliably shipping massive volumes and serving as a benchmark for reliability and scale. High utilization keeps it at the heart of U.S. export records.
Corpus Christi LNG (San Patricio County, Texas)
Operator: Cheniere Energy
Capacity: Originally ~2.4–3 Bcf/d (Trains 1–3); expanded with Stage 3 to ~3.3–4 Bcf/d total
Status: Core trains operational since 2018–2019; Stage 3 (modular addition) ramped up in 2025 after first production late 2024
Why it matters: A major workhorse with flexible, shorter-lead-time modular tech in the expansion. It helped drive 2025's surge and shows how brownfield expansions (building on existing sites) accelerate growth.
Freeport LNG (Freeport, Texas)
Operator: Freeport LNG Development
Capacity: ~2.1–2.2 Bcf/d (Trains 1–3)
Status: Operational since 2019
Why it matters: A key Gulf player with strong ties to international buyers. It consistently contributes high volumes and demonstrates solid operational performance in a competitive landscape.
Cameron LNG (Hackberry, Louisiana)
Operator: Sempra Infrastructure (with partners)
Capacity: ~3–3.5 Bcf/d (Trains 1–3 operational; potential for more)
Status: Trains 1–3 online since 2019–2020
Why it matters: Another reliable Gulf Coast anchor, drawing from nearby production hubs and supporting diversified export flows.
Cove Point LNG (Calvert County, Maryland)
Operator: Dominion Energy (now often under affiliates)
Capacity: ~0.8 Bcf/d
Status: Operational since 2018
Why it matters: The main East Coast export terminal, serving European and other Atlantic markets efficiently. It's smaller but strategically important for shorter shipping routes.
Calcasieu Pass LNG (Cameron Parish, Louisiana)
Operator: Venture Global LNG
Capacity: ~1.4 Bcf/d nominal (mid-scale design)
Status: Operational since late 2021/early 2022
Why it matters: Venture Global's first success story using modular, mid-scale tech for faster build times and lower costs—setting the template for their rapid expansions.
Plaquemines LNG (Plaquemines Parish, Louisiana)
Operator: Venture Global LNG
Capacity: Phase 1 (~1.3 Bcf/d nominal, 1.6 peak); full site targeting ~2.6–3.2 Bcf/d with Phase 2
Status: First cargo December 2024; rapid 2025 ramp-up (delivered ~16.4 million metric tons in its debut full year); Phase 2 commissioning ongoing into 2026
Why it matters: The breakout star of 2025—its speed to full output helped propel U.S. records. Mid-scale modular approach (18 trains in blocks) shows how innovation cuts timelines dramatically.
Golden Pass LNG (Sabine Pass, Texas)
Operator: Joint venture (ExxonMobil and QatarEnergy)
Capacity: ~2.1–2.2 Bcf/d (three trains)
Status: Under construction; first train expected early 2026, full ramp through the year
Why it matters: A major upcoming addition with international backing. It will boost capacity significantly and highlights partnerships that secure long-term offtake.
Other notables on the horizon include: Rio Grande LNG (Brownsville, Texas) – NextDecade; under construction, ~2–3 Bcf/d Phase 1 targeted late 2020s.
Port Arthur LNG (Jefferson County, Texas) – Sempra; Phase 1 under construction, ~1.6 Bcf/d expected 2027+.
These terminals—mostly Gulf-based for proximity to cheap gas, deep water ports, and pipelines—have turned the U.S. into the top global exporter through private investment, engineering speed, and market responsiveness.
The 2025–2026 wave (Plaquemines full ramp, Golden Pass startup, Corpus Christi Stage 3 completion) continues building momentum, with total U.S. capacity heading toward 20+ Bcf/d in the near term. It's a practical showcase of scaling energy infrastructure to meet worldwide needs.

