Rocky shores

Canada’s LNG-export hopes are fading fast

THESE are not good times for Canada’s budding liquefied natural gas industry. After a promising start, virtually all of 20 proposed export projects are in jeopardy, buffeted by regulatory delays and a glut of LNG on global markets. Just two years ago, Canada was expected to export more than 10bn cubic feet a day (cf/d) of LNG by 2040 – a west coast outlet for British Columbia’s (BC) huge but remote reserves. The Conference Board of Canada, an energy think tank, predicted exports could reach 30m tonnes a year of LNG if only three of all mooted projects come into service by 2025. But this is looking doubtful, as cash-strapped oil producers and their international backers hedge their bets on th