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Canada approves $2.9bn pipeline project to boost gas exports to Asia

Canada has given the green light to a major natural gas pipeline expansion worth about CAN$4 billion (around $2.9 billion), in a move aimed at strengthening its energy exports to Asia and reducing reliance on the United States market.

The project, located in British Columbia, will expand an existing pipeline system owned by energy firm Enbridge. Construction is expected to begin this summer, with completion targeted for 2028.

Canadian authorities say the development is part of a wider strategy to position the country as a stronger global energy supplier, especially as demand from Asian countries continues to grow.

Prime Minister Mark Carney has previously described Canada as an “energy superpower,” noting that expanding oil and gas exports to Asia could help balance shifting trade relations with the United States.

Officials also believe the new infrastructure could improve Canada’s role in global liquefied natural gas supply chains, especially as geopolitical tensions affect energy flows in other regions.

While the project is seen as a long-term boost to export capacity, experts say it will not immediately impact global gas supply, particularly amid ongoing disruptions in energy markets.

Energy analysts also suggest that Canada’s stable supply routes, which avoid conflict-prone regions, could make its exports more attractive to Asian buyers in the coming years.