Canada’s west coast LNG projects gain momentum
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector
LNG export projects on Canada’s west coast are gaining momentum, despite two major Western Canadian gas producers—Tourmaline Oil and ARC Resources—cutting long-term offtake agreements with liquefaction projects on the US Gulf Coast in the past few years. “The Canadian west coast offers the best potential netback for Canadian producers given its geographical proximity to Asia,” Dulles Wang, director of Americas gas & LNG research at consultancy Wood Mackenzie, told Petroleum Economist. “LNG buyers are looking for diversification, including away from the US Gulf Coast,” he added. In early September, Woodfibre LNG—one of two projects in the region to achieve FID to date, along with the firs

Also in this section
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
5 December 2023
Scepticism, confusion and disdain over OPEC+’s extended and deeper supply cuts should give way to an appreciation of the new multi-speed producer alliance
5 December 2023
Low debts levels and the advantages of larger companies among the reasons for the rise in activity