LNG Canada CEO says case for doubling export capacity 'very strong' mpotkins
On routine calls with the executives from the big energy firms that own stakes in the massive natural gas liquefaction plant under construction in Kitimat, B.C., “they always say, ‘thank you — and anything you can do to be faster would be appreciated’.”Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The $17-billion joint venture — more than $40 billion, when upstream assets such as the Coastal GasLink pipeline are included — is owned by Shell Canada Ltd. , Malaysia’sThe LNG Canada project was originally conceived as a potential supplier for premium Asian markets, Klein said. But in the months since the war in Ukraine began and energy prices skyrocketed, gas exporters, particularly along the Gulf Coast of the U.S., have pivoted to Europe.
“I’m a firm believer that every cargo we put into Asia, frees up a cargo somewhere else to go to Europe. So I do think Western Canada has a role to play in this.”
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