Constraining Canadian LNG
Future near-term gas ventures beyond those already sanctioned look doubtful against a background of financial crisis and little competitive edge
A second wave of potential LNG projects in Canada face an uphill battle to make their economics work, a panel told Petroleum Economist’s LNG to Power North America forum on Tuesday. “You have to thread the needle to get the land routes, permits and First Nations into a position where they are happy,” says Andy Brogan, partner at global services firm EY. “You need an extremely robustly financed and determined lead project sponsor. Those moving forward are [doing so] because they have the supermajors prepared to stick with it.” The landmark $40bn LNG Canada project in Kitimat, British Columbia is a case in point. The consortium, led by Shell, funding the project is constructing two initial LN
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV