21 May 2024
FEATURE: Canadian gas grounded as perfect storm sinks BC’s LNG aspirations
Publication date: 08 August 2017
Gas Strategies Group
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Canada’s provincial and federal governments remain adamant that there is still space for Canada at the LNG exporters’ table despite the failure to develop large scale LNG export capability.
LNG plants proposed on Canada’s west coast offer the best chance to monetise gas deposits in British Columbia and Alberta, but the outlook for Canada’s LNG industry looks increasingly dim following the cancellation of Petronas’ Pacific Northwest LNG project [1] – seen by many as the flagship largescale LNG project in Canada.
Petronas cited the current market conditions as the reason to scrap the 12 mtpa plant, but many believe that the political environment, competition from rival LNG exporters and the ...