By Adnan Bajic British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19.
Courtesy of LNG Canada
Liquefying and exporting natural gas offers an important diversification opportunity, especially when the traditional export market, the United States, is becoming increasingly self-sufficient, a report by the Conference Board of Canada shows.
LNG-based natural gas prices in Asia-Pacific markets have been higher than North American prices for over a decade. Moving Canadian natural gas into those markets could provide Canadian natural gas producers and LNG investors with higher returns.
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