North America’s natural gas supply is passing a stress test created by the war between Russia and Ukraine, showing that more LNG can be exported without jeopardizing consumer needs, according to an industry filing at the Canada Energy Regulator (CER).

“Gas markets are functioning,” said sponsors of the Ksi Lisims LNG liquefied natural gas export project.

Sponsors of the proposed project in northern British Columbia include the native Nisga’a Nation, the Rockies LNG producer group, and industry veterans in Western CA Holdco ULC.

Trade responses to the conflict highlight industry adaptability on a global scale, the CER filing suggested. 

“Recent price volatility and resulting changes in gas flows demonstrate the short term flexibility of gas markets in response to...