The announcement that LNG Canada’s partners had taken a final investment decision (FID) on the greenfield 14 mtpa project in Kitimat, British Columbia, marked a number of firsts: not only is it the first Canadian LNG export project to reach FID, but also the largest single private investment in Canada’s history, and the first FID on a greenfield onshore LNG plant for over three years.
The investment decision by LNG Canada’s shareholders is a particularly significant event, increasing optimism that other Canadian projects may follow suit. LNG Business Review examines what factors went into the partners’ decision to move ahead with the project at this time, and what pointers this gives for FID on other projects in Canada and the rest of the world.
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