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Off to the races

October 23, 2014

In total 15 horses are lined up to be the LNG race in BC and Alaska. None have left the gate. The BC government announced a new taxation regime that will allow the race to begin.

Of the 14 LNG proposals, nine have been approved for exports by Canada’s National Energy Board, but none of the project sponsors have made a final investment decision to construct. Forecasting firm BENTEK, expects under a base-case forecast about 10 bcf a day of new LNG export capacity will get built in the next 10 years. That would cover maybe half of the projected increase in global LNG demand.


There will likely be a Final Investment Decision (FID) before the end of the year on one of BC’s LNG projects. Then the first horse will be off on the race.



Source: Alberta Ministry of Energy.