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
Also in this section
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources