Canadian LNG Export Industry Hinges on First Major Project Go-Ahead
Wednesday, July 25, 2018
Maurice Smith from the Daily Oil Bulletin sat down with Sproule’s Chris Mylde, VP Corporate Development, to discuss how the increasingly expected go-ahead of the first major liquefied natural gas (LNG) project on the West Coast of British Colombia by LNG Canada will be a defining moment for the Canadian natural gas industry.
Read how several encouraging signs in recent months have added to the credibility of LNG Canada’s project and has vastly increased the likelihood of a positive final investment decision (FID).
The article discusses how:
- LNG Canada’s liquefaction terminal and pipeline offer significant expansion potential with attractive economics for subsequent trains and pipeline capacity expansion through compression
- The first project could have a knock-on effect by providing greater certainty to other players in terms of industry experience and confidence in the ability to get megaprojects built on the B.C. coast.
- The emerging macro supply and demand fundamentals project demand growth for LNG to outstrip supply in the early to mid-2020’s.
- Canadian gas fits into an increasingly liquid and integrated global natural gas market.
- The competitive edge of the Montney and pursuing LNG could help to protect Canada’s natural position as an energy powerhouse and major exporter.