Canada LNG Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Canada LNG Market is Segmented by LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping) and Application (Transportation Fuel, Power Generation, and Other Application Types). The report offers the market size and forecasts in revenue USD billion for all the above segments.

Canada LNG Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada LNG Market Size

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Canada LNG Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.00 %
Market Concentration Medium

Major Players

Canada LNG Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada LNG Market Analysis

The Canada LNG Market is expected to register a CAGR of greater than 4% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.

  • Over the medium term, the upcoming LNG projects and growing demand for gas power generation are expected to drive the growth of the market studied.
  • On the other hand, the growth of renewable energy in the nation is expected to hamper the growth of Canada's LNG market during the forecast period.
  • Nevertheless, as developing nations phase out coal power plants, natural gas demand increases will likely create lucrative growth opportunities for the Canadian LNG market during the forecast period.

Canada LNG Industry Overview

The Canadian LNG market is moderately consolidated in nature. Some of the major players in the market (in no particular order) include Shell PLC, Fluor Corporation, TechnipFMC PlC, LNG Canada, and Chevron Corporation.

Canada LNG Market Leaders

  1. Shell PLC

  2. Fluor Corporation

  3. TechnipFMC Plc

  4. LNG Canada

  5. Chevron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Canada LNG Market Concentration
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Canada LNG Market News

  • October 2022: LNG Canada ramped construction at its Kitimat liquefied natural gas (LNG) terminal. The workforce is expected to peak at 7,500 people next year. The first phase of the LNG project is 70% completed, and the Coastal GasLink (CGL) pipeline is 75% completed. Once complete, the terminal for the liquefaction, storage, and loading of liquefied natural gas will export LNG produced by the project's partners in the Montney Formation gas fields near Dawson Creek.
  • February 2022: The Haisla Nation-owned Cedar Liquefied Natural Gas Project (Cedar LNG) reached critical milestones for its proposed export facility in Kitimat, British Columbia. Cedar LNG's application for an Environmental Assessment Certificate (EAC) was submitted to the British Columbia Environmental Assessment Office, moving the project into the 180-day application review phase. The critical project milestone comes following detailed studies, engineering, and meaningful engagement with Indigenous and local communities. Cedar LNG is a partnership between the Haisla Nation and Pembina Pipeline Corporation (Pembina).

Canada LNG Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope Of The Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size And Demand Forecasts In USD Billion, Till 2027
  • 4.3 Recent Trends And Developments
  • 4.4 Government Policies And Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 By LNG Infrastructure
    • 5.1.1 LNG Liquefaction Plants
    • 5.1.2 LNG Regasification Facilities
    • 5.1.3 LNG Shipping
  • 5.2 By Application
    • 5.2.1 Transportation Fuel
    • 5.2.2 Power Generation
    • 5.2.3 Other Application Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, And Agreements
  • 6.2 Strategies Adopted By Leading Players
  • 6.3 Company Profiles
    • 6.3.1 LNG Canada
    • 6.3.2 TechnipFMC PLC
    • 6.3.3 Fluor Corporation
    • 6.3.4 Shell PLC
    • 6.3.5 Chevron Corporation
    • 6.3.6 ExxonMobil Corporation
    • 6.3.7 TotalEnergies SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada LNG Industry Segmentation

Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state, at about -260° Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than in a gaseous state.

The Canada LNG Market is Segmented by LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities, and LNG Shipping) and Application (Transportation Fuel, Power Generation, and Other Application Types). The report also covers the market size and forecasts for the Canadian LNG market. For each segment, the market sizing and forecasts have been done based on revenue in USD billion.

By LNG Infrastructure LNG Liquefaction Plants
LNG Regasification Facilities
LNG Shipping
By Application Transportation Fuel
Power Generation
Other Application Types
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Canada LNG Market Research FAQs

What is the current Canada LNG Market size?

The Canada LNG Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Canada LNG Market?

Shell PLC, Fluor Corporation, TechnipFMC Plc, LNG Canada and Chevron Corporation are the major companies operating in the Canada LNG Market.

What years does this Canada LNG Market cover?

The report covers the Canada LNG Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada LNG Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada LNG Industry Report

Statistics for the 2025 Canada LNG market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada LNG analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.