Mozambique, Qatar, Australia, Mexico, Malaysia, Nigeria, Algeria, Indonesia, Papua New Guinea, the UAE and the USA are all seizing the opportunity to export LNG.
But while Germany pleaded last week for exports of LNG to reduce Germany’s dependence on Russian LNG, our federal government spoke instead of exporting hydrogen, and poured cold water on thoughts of an East Coast LNG-for-export plant.
Federal leaders proposed that we continue to sell natural gas to the US, which would buy it from us at $3 a unit, and mark it up to $10 or more as LNG shipped from Texas. This would cost Canada billions of dollars in revenue.
But, hey, Canada did announce plans for a ‘Taste of Kanada’ social-media blitz to sell Germans our maple syrup, blueberry jam, poutine gravy mix and Moosehead canned lager: http://ow.ly/6KVL50KtZxi
Our latest Alliance blog quoted the editorial board of The Toronto Sun as saying that selling our gas to the US instead of exporting it as LNG “costs the Canadian economy an estimated $9 billion annually.”
And others weighed in:
- Stewart Muir of Resource Works on Twitter: “The scale of this lost opportunity is simply staggering. At today’s high LNG prices, 1 large LNG plant on the east coast of Canada, of the size of Kitimat’s LNG Canada project being built now, would add $250,000,000 a day to the country’s GDP.”
- Tristin Hopper: “Canada could have been using its LNG to save an embattled Europe . . . and make billions in the process.” http://ow.ly/1lUg50KrIEC
- Derek H. Burney: ‘Canada has chosen deliberately and impractically to hobble the infrastructure needed to get our #LNG to the world market.’ http://ow.ly/sah450KvJBV
- Alberta’s Canadian Energy Centre: “Prime Minister Justin Trudeau is skeptical that there’s a business case for Canada to accelerate LNG exports to Europe. The reality is, the case has never been stronger.” http://ow.ly/u7qF50KsBeB
- Troy Media: Trudeau is wrong about the viability of LNG; Growing LNG exports is in Canada’s and our allies’ best interest: http://ow.ly/58pM50Ku08t
- OilPrice Magazine: Canada is set to miss out on a massive LNG opportunity: http://ow.ly/Vn5I50Kt4jX
- Canada’s Energy Citizens: “All over the world countries are finding a business case for investing in LNG. ‘Investments in new liquefied natural gas infrastructure are set to surge, reaching $42 billion annually in 2024.” http://ow.ly/VEOv50KrIv3
- And RBN Energy noted: “The US is racing toward 30 billion cubic feet a day of LNG exports: http://ow.ly/I2PQ50KrJ8J”
Projects must protect environment, culture
The CEPA Foundation, from the Canadian Energy Pipeline Association, brings the entire pipeline industry together develop stronger standards and create innovations for the safe transmission of energy in Canada.
In its latest blog, an interview with Alliance CEO Karen Ogen-Toews, the Foundation asked her about what matters to the Alliance. Two quick points:
- “We need to find a way to sustain our people economically and culturally, and we can’t just resist every project that comes along. At some point we need to sit down and talk and work out how we can take advantage of the opportunity to sustain our people economically based on our values and traditions and customs.”
- “We have four pillars in our (Wet’suwet’en) nation – housing, language and culture, education and training, and health and wellness. The money made from working with CGL (Coastal GasLink) is funding each of these four pillars and helping to create long-term prosperity in the communities.”
- Read the full interview here
Our CEO was also quoted in an international Reuters news agency story that said smaller projects (Woodfibre LNG and Port Edward LNG) give the West Coast ‘ a second crack’ at LNG exports.
Karen noted in it that LNG developers, keen to avoid past mistakes, are securing support from Indigenous people early.
- The Reuters story: http://ow.ly/J3fV50Kuif5
And CEO Bryan Cox of the Canadian LNG Alliance took to Twitter (@bcox_canada) to follow up that story: “More LNG off the West Coast is one of the best ways for Canada to help with global energysecurity, including in Europe, and global decarbonization, while advancing economic development and reconciliation here at home.”
Woodfibre LNG aiming for Net Zero
Woodfibre LNG has become a founding participant in Canada’s new Net Zero Challenge.
“We are proud to be part of this exciting initiative and are actively developing a roadmap toward net zero,” says WLNG president Christine Kennedy.
“Woodfibre LNG is working to prioritize emissions avoidance and reductions wherever feasible and aims to invest in partnership opportunities that provide benefits to local First Nations, British Columbians, and Canadians.”
- Learn about the NetZero Challenge: http://ow.ly/QrCb50Ktn4c
Meanwhile, Pacific Canbriam, which will supply certified gas to Woodfibre LNG, acquired 47,025 net acres of Montney gas rights in northeast BC: http://ow.ly/hpgx50KnrzQ
ALSO IN THE NEWS
- Alliance chair Crystal Smith and CEO Karen Ogen-Toews are among the 500 most influential business leaders in BC, named by Business in Vancouver. See more: http://ow.ly/nanO50KlkvM And here: http://ow.ly/eZ0Q50KlkvK
- Coastal GasLink’s latest construction update reported more than 6,000 women and men working along the project route: http://ow.ly/F8JP50KvCkW
- The launch of the Cedar LNG Community Investment Program is highlighted in the latest Cedar LNG newsletter: http://ow.ly/3ESy50KuAvX
- West Coast LNG projects look to electricity for LNG compression: http://ow.ly/QPn750KqCJY
- Canadian oil and gas projects are creating opportunity and prosperity for First Nations: http://ow.ly/Y9OA50JzGmm
- First Nations are increasingly looking for ownership opportunities in energy projects: http://bit.ly/3PnpbZU
- The Nation2Nation community sessions at Terrace and Prince Rupert this fall have been expanded. Terrace now is set for 21 and 22, and Prince Rupert for Oct. 19 and 20. Registration is open for both events: http://ow.ly/Fvjf50K7FrW (You’ll see there that Indigenous attendees are eligible for a discount, and see how to get your discount code.)
- The 20th BC Natural Resources Forum will take place in Prince George Jan. 17-19: http://ow.ly/hopU50K9u8e
- The seventh Indigenous Resource Opportunities Conference is scheduled Feb. 28-March 1: https://www.bciroc.ca/
- The First Nations Major Projects Coalition has set its 2023 Industry Engagement Event (“The Values Driven Economy Conference”) for April 24-25 in Vancouver: http://ow.ly/T4Il50JNtoe
- The Forward Summit’s 2023 event is set for May 17-18, at the Grey Eagle Resort & Casino near Calgary. Registration: http://ow.ly/Q8ZV50K7FYb (Note there’s an Indigenous discount.)
(Posted here 03 Sept. 2022)