Report: B.C. in the Canadian LNG industry limelight

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.

Natural gas as marine fuel also represents an opportunity for Canadian ports and

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