The Early Edition · CBC News February 17, 2016

Global climate change commitments mean countries will buy LNG to clean energy supply says analyst.

The B.C. government made the right decision putting their eggs in the LNG basket, because the move will yield long-term profits, says one energy analyst.

The B.C. Liberals are putting $100 million of taxpayers’ money into a LNG prosperity fund and say more money will be added when the LNG industry takes off in B.C.

But the industry itself is warning that with oil prices falling the window of opportunity is rapidly closing. Some economists, however, maintain the future is bright for the natural gas industry because of climate change agreements.

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Keith Sashaw
President and CEO, Association of Consulting Engineering Companies – BC
Posted: 01/26/2016 1:19 pm EST Updated: 01/26/2016 1:59 pm EST

The issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition.

The facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C. While this alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C.

These benefits are considerable: the climate of B.C.’s north coast is colder and therefore requires less energy to liquefy natural gas than in other areas, such as the Gulf Coast; there are abundant gas fields relatively close to the plant; the north west coast of B.C. is considerably closer to many markets than competing jurisdictions; and B.C. has an abundant supply of engineers, planners and construction workers that are fully capable of building and operating a complex plant.

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