LNG Canada reached a major milestone by loading its first export cargo from Kitimat, British Columbia, right on schedule with initial liquefaction occurring in the first half of 2025. The Gaslog Glasgow departed Canadian waters on July 1, Canada Day, symbolising Canada's official entry into the global large-scale LNG export market.
Market impact and outlook
The Gaslog Glasgow's scheduled arrival in South Korea on July 20 represents a significantly shorter journey compared to shipments from the US Gulf Coast, highlighting the strategic advantage of Western Canadian exports to growing Asian markets. After several months of pre-feedgas commissioning flows, LNG Canada's initial export cargo marks a major milestone. With liquefaction now underway, Wood Mackenzie projects a steady ramp-up in exports, reaching over 1 billion cubic feet per day (bcfd) later this year and eventually achieving full Phase 1 capacity near 2 bcfd by late 2026.
Source: Wood Mackenzie