Canada’s west coast LNG projects gain momentum

Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector

LNG export projects on Canada’s west coast are gaining momentum, despite two major Western Canadian gas producers—Tourmaline Oil and ARC Resources—cutting long-term offtake agreements with liquefaction projects on the US Gulf Coast in the past few years. “The Canadian west coast offers the best potential netback for Canadian producers given its geographical proximity to Asia,” Dulles Wang, director of Americas gas & LNG research at consultancy Wood Mackenzie, told Petroleum Economist. “LNG buyers are looking for diversification, including away from the US Gulf Coast,” he added. In early September, Woodfibre LNG—one of two projects in the region to achieve FID to date, along with the firs