If you go to some of the studies that you see from various companies, there's no disputing now that LNG is a growth sector. In round numbers, we're currently at about 400 million tonnes per annum. Growth of 30% in that through to the end of the decade and another 25% on that to the end of 2040 take you to around about 700 million tonnes, so that's a debate people are no longer having. There is a clear demand for LNG.
In terms of how that fits in as a transition fuel, we're all working out that the energy transition is not linear. I think we wish it was, but it's not. That's where LNG can play a part in being a good cousin, if you like, or a partner to solar and wind. When the sun doesn't shine and the wind doesn't blow, gas will always be there. I think that's what our international partners are seeing.
If you look at Canada's place in that, as I said, it has one of the most stringent regulatory regimes that exist around carbon. That could potentially be a benefit later, but it positions Canada among the lowest emitters. Carbon intensity is typically 0.14 to 0.4 in LNG. LNG Canada is at the bottom end of that, at 0.145. We are displacing coal and oil. LNG emits something like 20% to 30% less carbon than oil and something like 40% to 50% less carbon than coal. Your international trade partners see that, and that builds international trade, which then has broader spinoff benefits.
LNG is a fuel. It's an opportunity for Canada with the abundance of gas, but it's also an access pathway in the energy transition to help trading partners, which then leads to broader global trade. It enables significantly more for Canada than just a fuel.