The first thing to understand about the race to liquefied natural gas exports is how far back in the pack B.C. is starting.
Canada has issued its first two export licenses for LNG export projects near Kitimat, to sell the product of the vast Horn River and Montney shale gas deposits in northeastern B.C. One LNG plant has begun construction, the second is approved to proceed and a third is also proposed for the same region.
Unlike the proposed Northern Gateway oil pipeline proposal, plants and associated pipelines have actually received all the necessary permits from our constipated federal-provincial environmental process.
Australia has approved six LNG projects in the last two years, with a combined construction cost of $180 billion. Reuters reports that their $34 billion Ichthys project will vault Australia past the Middle Eastern kingdom of Qatar into first place among global LNG exporters, assuming it is built by 2017. Top producing countries are Qatar, Indonesia, Malaysia, Nigeria and Algeria.
Lake Country Calendar.com
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