Canadian LNG faces finance fight
The exodus of international partners and the global gas glut raise doubts about the economic viability of an already challenged sector
Canada was hoping to catch the mid-2020s next global LNG export wave in a big way when a Shell-led consortium announced FID for the first phase of the massive LNG Canada project in October 2018. The nascent Canadian LNG industry plans to produce the “cleanest” gas in the world, given the country’s abundant and cheap hydropower and world-leading regulatory and corporate efforts to mitigate methane emissions. But this may not be enough to attract investors. Proposed LNG projects in Canada tend to have relatively high capital and transportation costs. The regulatory regime is also costly and time-consuming to navigate—and will become even more so following legislation passed by the federal go
Also in this section
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix