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‘Global industry challenges’ delay LNG Canada’s Kitimat project

LNG tanker Japan

A liquefied natural gas tanker arrives at Sodegaura city in Chiba prefecture, east of Tokyo. There were conditions placed on marine routes and speeds after an environmental assessment of the LNG Canada project. (STR/AFP/Getty )

Consortium says liquefied natural gas facility in Kitimat, B.C., still ‘a promising opportunity’

The Canadian Press, July 12, 2016

Instability in global energy markets has caused the international partners in a proposed liquefied natural gas project in Kitimat, B.C., to delay their final decision on the venture indefinitely.

LNG Canada CEO Andy Calitz said in a conference call Monday that a drop in natural gas prices around the world, particularly in Asia, has made the project too expensive for now. Read the rest of this entry