New Wave of Canadian LNG a Different Beast

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The Canadian Press

The Canadian LNG sector has seen a burst of activity recently, with construction officially starting on the 2.1 million ton per year Woodfibre project this month and engineering work beginning last month on the proposed 12 million ton/yr Ksi Lisims scheme. Meanwhile, the 3 million ton/yr Cedar LNG development is poised to take a final investment decision by the end of this year. It's a turnaround from previous years, when projects such as the Shell-backed Prince Rupert LNG and Chevron-led Kitimat LNG developments were put on ice despite the Canadian West Coast’s favorable position to supply gas-thirsty markets in Asia. If the conversation around Canadian LNG feels different this time around, that’s because it is. Previous projects were bigger and more costly than developments in the current queue; the market environment in which the new wave of projects find themselves is much more bullish on LNG from reliable and diverse sources following Russia’s invasion of Ukraine; and regulators — federal, provincial and tribal — have warmed up to the plans due to the economic benefits and smaller carbon footprints.

Liquefaction, LNG Supply, Floating LNG, Green LNG, LNG Projects
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