Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
Posted on Oct 29, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Report: B.C. Must Move Quickly to Capture Share of Asian LNG Market
A new report by Canada West Foundation concludes that while LNG exports from British Columbia (B.C.) to Asia provide a great economic opportunity for the province, the government and industry must move “quickly and aggressively to beat out the competition and capture market share in Asia.” The report warns that competition among projects and other suppliers will put downward pressure...
Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
Posted on Oct 18, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Chevron Kitimat LNG Project Dependent on Finding Acceptable Contract Support and B.C. Tax Policy
The Globe and Mail reports that Chevron Canada Ltd. President Jeff Lehrmann recently stated that its proposed Kitimat LNG export terminal project in British Columbia is dependent on Chevron finding customers willing to pay acceptable prices for the LNG and the B.C. LNG tax structure expected to be unveiled soon. Lehrman noted that Chevron has many investment opportunities worldwide and...
KOGAS May Sell a Portion of its Share of LNG Canada Development
Posted on Oct 15, 2013 in Canada & Mexico, LNG Exports | Comments Off on KOGAS May Sell a Portion of its Share of LNG Canada Development
The Financial Post reports that South Korean gas company KOGAS is considering selling 5% to 10% of its 20% share in LNG Canada Development Inc., a joint venture involving Shell Canada Ltd., KOGAS, Mitsubishi Corp. and PetroChina Co. Ltd. that is proposing to build an LNG export terminal at Kitimat, British...
B.C. First Nations Host LNG Summit
Posted on Oct 10, 2013 in Canada & Mexico, Environmental, LNG Exports | Comments Off on B.C. First Nations Host LNG Summit
British Columbia (B.C.) First Nations chiefs hosted a summit with Canadian Minister of Natural Resources Joe Oliver, Japanese Ambassador Norihiro Okuda and B.C.’s Minister of Aboriginal Relations and Reconciliation John Rustad to discuss ways to inform and involve First Nations in the decision-making process for proposed B.C. LNG export terminals. Oliver emphasized the importance...
B.C. to Study Air Quality Impacts of Proposed Kitimat LNG Projects
Posted on Oct 9, 2013 in Canada & Mexico, Environmental, LNG Exports | Comments Off on B.C. to Study Air Quality Impacts of Proposed Kitimat LNG Projects
The Canadian Press reports that the British Columbia government will fund a study of the cumulative effects of air emissions from existing and proposed industrial developments, including three proposed LNG terminals, in the Kitimat area. The study will focus on sulphur dioxide and nitrogen dioxide emissions, and a final report will be due to the government by March 31, 2014. The study...
B.C. to Announce LNG Export Tax Rates in November
Posted on Oct 8, 2013 in Canada & Mexico, Policy, Legislation and Politics | Comments Off on B.C. to Announce LNG Export Tax Rates in November
The Globe and Mail reports that Rich Coleman, the British Columbia (B.C.) Minister for Natural Gas Development, stated that B.C. will announce its LNG export tax rates in November, with the rates intended to reflect a “sweet spot” between the government and the LNG industry. The export tax rates will be included in legislation to provide certainty to industry...