B.C. Greens will vote against LNG Canada going ahead

LNG Canada

Shell agrees to massive Canadian liquified natural gas project

Horgan said LNG Canada's decision to build a $40 billion liquefied natural gas project in northern B.C. ranked on the historic scale of a "moon landing", emphasizing just how much the project means to an economically deprived region of the province. PetroChina via subsidiary PetroChina Canada Ltd and Mitsubishi via subsidiary Diamond LNG Canada Ltd own 15% each in the project.

"We'll see what LNG Canada does, but should they proceed with the final investment decisions, it will be certainly significant for our province", he told Global News on September 26.

The premier said during the news conference that his government will meet greenhouse gas reduction targets set by the federal government.

Gas traditionally sells for more in NY because it's closer to major population centres but the difference has been widening recently due to pipeline capacity constraints in Alberta and B.C.

"It is a vote of confidence in a country that recognizes the need to develop our energy in a way that takes the environment into account, and that works in meaningful partnership with Indigenous communities", he said in the LNG Canada statement. Liquefied natural gas is gas that has been compressed to be transported.

What makes the first export plant on Canada's west coast different to the last wave of LNG projects is that it isn't underpinned by long-term sales contracts.

Shell said the project will initially export LNG from two processing units or trains totalling 14 million tonnes per annum, with the potential to expand to four trains in the future.

The announcement was welcomed by Canadian Prime Minister Justin Trudeau, who said the decision represented the single largest private sector investment project in Canadian history.

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Weaver, whose three members of the Green party caucus have an agreement to support Horgan's New Democrat government, stood up in the legislature Tuesday and accused the NDP of being part of a "grand hypocrisy", for its criticism of past proposed LNG projects. "I believe we can create far more jobs in other industries that won't drastically increase our emissions".

Clean energy advocate Pembina Institute says it is still waiting for the provincial government to reconcile LNG's carbon pollution with B.C.'s climate goals and says the LNG Canada project takes B.C.

TransCanada Corporation will build, own and operate the 670 km Coastal GasLink (CGL) pipeline that will connect natural gas from northeastern British Columbia to the export plant in Kitimat.

Trudeau said the project stands to "benefit all Canadians".

"This [is] the biggest project sanction globally since the Tengiz expansion was approved in 2016, and the biggest greenfield project to be sanctioned since Yamal LNG in 2013".

Acknowledging that project development costs tend to be higher in Canada compared to the United States, Feer noted that Western Canada's LNG shipping cost advantage - no canals to transit - serves as an offset.

Construction activities are expected to begin in early 2019 with a planned in-service date in 2023. "So there is certainly demand for new LNG", said Browne.

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