by Derrick Penner, Vancouver Sun, December 10, 2016
The consortium proposing a $40 billion liquefied natural gas development at Kitimat is calling for bids to find a new lead construction contractor looking to shore up costs while the project is under an indefinite delay. Read the rest of this entry
Global Sustainability Research says ‘gas glut’ and alternative energies behind B.C. LNG delays
By Samantha Garvey, CBC News, July 16, 2016
Another delayed liquefied natural gas plant in B.C. has some wondering if the whole industry is in trouble.
An analyst with Global Sustainability Research says the delays are partly due to a ‘global glut’ bringing down energy prices around the globe. Read the rest of this entry
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
The Haisla Nation, which supports two of the leading proposed major LNG projects in B.C., is in a tough waiting game as the projects remain in limbo.
Activity on both the $25-billion to $40-billion Shell-led LNG Canada project and the $12-billion Chevron-led Kitimat LNG project proposed for the Kitimat area in northwest B.C., where the Haisla claim traditional territory, have slowed to a crawl. Read the rest of this entry
Joint venture is made up of Shell Canada, affiliates of PetroChina, Korea Gas and Mistubishi
By Laura Kane, The Canadian Press, Jan 6, 2016
A joint venture company led by Shell has obtained the first permit to build a liquefied natural gas export facility in northern British Columbia, but the company has yet to make a final commitment to go ahead with the project. Read the rest of this entry