LEAD STORY
British Columbia faces an unprecedented opportunity to develop its shale gas resources, build natural gas pipelines and construct liquefaction facilities to reach world markets. However, multiple factors may lead to intense competition for BC in Asian markets.
Also in this issue
Scalable supplies of unconventional gas in North Eastern British Columbia, coupled with an increasingly supportive investment climate, provide a significant stimulus to Canadian LNG export projects.
The biggest absolute increases in natural gas and LNG demand are in China and the Middle East, where gas use overtakes that of the European Union before 2020, while North America will have abundant shale-gas supplies at low prices.
South Hook LNG Terminal sponsors, Qatar Petroleum International, ExxonMobil and Total, are evaluating an innovative concept of building a combined heat and power plant (CHP) at the terminal.
Woodside Petroleum, the largest Australian LNG producer, said it would decide during the first-half of 2014 whether to go ahead with a US$1.2 billion transaction to invest in Israel's offshore Leviathan natural gas field and a Floating LNG venture.
