As I've said, there's huge potential for jobs across this country in both energy as well as in low-carbon industries, things like increasing our mining sector, increasing manufacturing of things like batteries and things that really fit with Canada and what Canada has, such as our critical metals and minerals, for example, and our clean electricity.
I want to stress one thing: Canada is not in control of the energy transition. In fact, it's a global event that's happening. What we're seeing right now with the crisis in Ukraine and Russia is a short-term crisis around energy supply, primarily oil and gas, but it's also spurred the EU, which has been the leader in the energy transition, to reduce its dependence on imported fossil fuels. I really think that foreshadows where the global economy is heading. For this committee's discussion, we really need to be thinking about where the puck is going.
I live here in British Columbia where we're building LNG Canada. I think it will be coming online in 2025. It will be producing liquefied natural gas for export. That project has been years in the making, and, I think, if we look at what the IEA is projecting, they are projecting that we are already at peak oil demand right now, and, while gas will continue to increase, we reach peak gas around 2035.
Let's look at what we are going to be investing in now to set us up for those jobs of the future. Those energies are clean electricity, storage—whether batteries or other forms of storage—and hydrogen. Here's an opportunity to take advantage of Canada's assets right now. Blue hydrogen is what's being invested in, in a number of cases, which uses our natural gas. Once we have built out more of our clean electricity supplies, we can make that hydrogen out of water and clean electricity, and that's going to be an export product.