19:35:33 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Cenovus Energy Inc
Symbol CVE
Shares Issued 1,857,330,139
Close 2024-05-27 C$ 27.82
Market Cap C$ 51,670,924,467
Recent Sedar Documents

Globe says MEG, rivals hear LNG opportunity looms

2024-05-27 07:57 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Globe and Mail reports in its Monday, May 27, edition that worldwide natural gas consumption has grown substantially over the past few years, marked by a remarkable surge in demand for liquefied natural gas. The Globe's guest columnist Lance Mortlock writes that the rise of LNG as a key component of global energy markets is not just a fleeting trend; it is a clarion call for Canada to act swiftly and decisively. The question is not whether Canada should join the LNG export race, but how quickly we can take the lead. The allure of LNG is undeniable: It offers a bridge to a lower-carbon future, promises economic growth, diversifies Canada's customers and trade flows, and positions the country as a central world energy supplier. According to the U.S. Energy Information Administration, natural gas emits almost 50 per cent less carbon dioxide than coal. With vast natural gas reserves and a prime geographic location, Canada is well equipped to meet growing global demand. Yet, as things stand, Canada is only projected to supply a meagre 5 per cent of global natural gas demand by 2030. The promise of billions in revenue and thousands of jobs is not just a projection, it is a tangible outcome within our grasp.

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