The fuel of the future

March 08, 2013

All together 5 LNG projects are in the works for north-west BC. One glance at the attached projection of LNG exports to Asia explains why.

Companies in Canada are winning permits to export LNG. A Shell-led consortium in February became the latest permit holder for an LNG export facility in British Columbia. Shell joins the permit-holding ranks that already include Apache Corp., which has an interest in Kitimat along with Chevron, where the first LNG shipment is scheduled for 2015. The third license went to privately-owned BC LNG Export Cooperative.

Commentary

With only one tiny export facility in Alaska the North Americans are slow to the world trade in LNG. The 5 projects slated for Kitimat/Prince Rupert will cost over $60 B to construct if they were all built. The high price for gas in south-east Asia is driving capital investment in LNG in the Americas.

Sources

• a)http://www.zerohedge.com/news/2013-03-08/guest-post-lng-holy-grail-gas-investments