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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
