In a recent report, PI Financial looks at how Western Canada's liquefied natural gas (LNG) industry could bring billions of investment dollars to British Columbia (B.C.). Specifically, from bringing in foreign investment to infrastructure-themed investment, the LNG industry could be just the ticket to put B.C. on the map as a global LNG exporter.aSupply and demand There are two countries that have been steadily feeding global — predominantly Asian — demand: Qatar and Australia. However, PI Financial writes that over the course of the next 10 years, we can expect to start seeing a decline in LNG production from those two countries. Furthermore, demand from Asia does not look to be scaling back any time soon. With LNG being viewed as a safer alternative to nuclear power, countries like Japan, South Korea and China are stepping up their game and importing more and more natural gas. The bulk of LNG demand comes from Asia, with Japan leading the charge. In 2011, after the tsunami left the world questioning nuclear power, Japan started importing vast amounts of LNG to meet its new-found energy needs. Japan imported a record 87 million tonnes of LNG in 2011, which, given the year's supply of 240 million tonnes, amounts to more than one-third of global LNG supply being shipped to Japan. China is also becoming quite a significant importer of LNG. The country's LNG imports have grown by 15 times since 2006, when its first LNG import terminal was built. Since then, China has built another five terminals and has big plans for the future, including an additional 12 import terminals to be added to its fleet. Hydrocarbon Asia expects that by 2020, LNG demand from China will have grown to 87 million tons (MT) from the current 15 MT in 2012. As an exporter of LNG, BC has some cost advantages given its proximity to the Asian markets. In its analysis, PI writes that for "Canada cost to transport LNG to Japan is lower than other major exporters including Australia and is significantly lower than the US Gulf Coast which must pay additional fees to travel through the Panama Canal."