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
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