ALASKA HIGHWAY NEWS – Yu: LNG could turn federal government’s red ink into black

Alan Yu / Alaska Highway News
April 6, 2016 09:49 AM

The federal budget released March 22 painted a dim picture of Canada’s financial health. With minimal oil and gas production, Canada will be $30 billion in the red. There is no light at the end of the tunnel. No balanced budget in sight.

But what if Ottawa approves two big and one small LNG plant today? An LNG industry in B.C. would create new markets for Canada’s natural gas, generating income and jobs for governments and citizens. It would also reduce global greenhouse gases (GHG) if used as a substitute for coal, bunker fuel and diesel, even if we consider the added GHG these LNG plants would generate.

What if Ottawa approves just three of the 21 proposals vying to be a part of Canada’s LNG industry? What would be the impact on the economy and the labour market? After all, these three LNG plants would require that Northeast B.C. produce an additional five billion cubic feet per day (bcf/d) of natural gas, approximately double the 2014 production.

Click here for the full story

VICTORIA TIMES COLONIST – LNG plants, ships have excellent safety record

Times Colonist
April 3, 2016 12:33 AM

Re: “Put LNG terminals far from people,” letter, March 25.

While we appreciate the opinions expressed in the letter, it is important to separate opinion from fact.

Natural gas is a safe and versatile energy source that is used every day here on Vancouver Island. Cooling it into a liquid — or LNG — is one of the safest ways to store and transport natural gas abroad to countries that currently rely on energy sources such as coal. In particular, LNG is safe because it is non-toxic, non-corrosive and non-explosive.

Click here for the full story

News

Canada’s Kwispaa LNG and Hyundai Heavy Industries close deal for Front-End Engineering and Design of At-Shore LNG™ hulls for the Kwispaa LNG Project more
Steelhead LNG appoints Corey Goulet as Vice President, Pipeline more
Western Canadian energy executive Randy Jespersen joins Steelhead LNG Executive Team and Board of Directors more

Stay Informed

Contact Us

Address 2200 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
Phone Office: 604-235-3800 / 250-277-4886
1-855-860-8744 (toll-free)
Media: 604-646-3559

×