BUSINESS IN VANCOUVER – Cost-competitive LNG projects still have a chance in B.C., says Steelhead CEO

By Richard Macedo/Daily Oil Bulletin

LNG projects that are globally competitive, cost-wise, still have a chance in British Columbia, with a window of opportunity most likely in 2020-21, said the CEO of Steelhead LNG Nigel Kuzemko.

Kuzemko said Steelhead’s planned pair of LNG plants in the province are a good example.

“The current market forecasts show a growing market — at between 5-7% — into the future for LNG,” said Kuzemko. “The approvals for Australian projects were three, four years ago and since then there are no new projects approved in the Pacific Basin, which leads to the conclusion that 2020-21 will be the time that a supply gap will re-appear.

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