Is Canada really a plausible supplier of liquefied natural gas (LNG) to European markets? I spent four years working on the Australian LNG export businesses, and wrote 200+ articles about the global LNG trade, how it works, what’s needed for success, and how to be competitive. An LNG supply window has just opened but how well is Canada equipped to supply?

The enthusiasm for Canada to step up and become a viable and globally relevant LNG supplier to one of the world’s most important markets is laudable. But the country must be absolutely clear eyed and sober about our true competitiveness and how we are going to improve. It will take something Canada is just not good at, which is to move quickly and decisively. And now the world is watching.