Newsletter: LNG ‘more crucial than ever’

Our newsletter: 06 July 2023

A B.C.-based green group has launched yet another social-media campaign attacking LNG. They say it’s aimed at people attending the LNG2023 conference in Vancouver July 10-13 (though those attendees obviously support LNG) and it urges the B.C. government to stop LNG expansion.

Supporters of LNG struck back, starting with CEO Stewart Muir of Resource Works:

“It’s time to recognize that natural gas, and particularly LNG, is not the villain of our climate story, but a character we’ll need more than ever,” he wrote in a guest column in Business in Vancouver.

He noted that Canada’s western premiers have firmly acknowledged the importance of exporting low or zero-emitting Canadian LNG to reduce global emissions.

“Natural gas, particularly LNG, serves as an eminently pragmatic transition fuel, evidenced by the coal-to-gas shift in the United States.

“As Canada’s gas exports to the U.S. rise, it’s clear that we’re not just key players in this decarbonization journey, but also potential pioneers for countries grappling with the stark realities of energy poverty.

“LNG’s role as a bridge fuel is more crucial than ever for developing nations.”

And: “Renewables will definitely grow and in an accelerated fashion, but so will LNG, especially if it is low in greenhouse gas emissions, which happens to be a characteristic of the LNG being developed in Canada.”

And then the C.D. Howe Institute told federal ministers in an open letter that “the benefits of Canadian LNG are compelling.” And it says Canada should prioritize LNG, and create an effective regulatory framework for advancing LNG projects.

MAP: LNG routes BC to Asia

Big growth seen in demand for LNG

A little while ago, we noted that the U.S. had seven operating LNG-for-export plants, and three more under construction.

Now make that four more under construction.

And the latest word is a further three have been approved, or soon will be, by investors.

Canada won’t catch up, but Alberta’s Canadian Energy Centre does see Canada becoming the world’s fifth largest LNG producer by 2035.

The push by the U.S. to increase LNG exports (along with a serious competitive push by Qatar) has led the nay-sayers to predict a long-term glut of LNG on the world market which they hope would derail LNG expansion plans.

But professional market-watchers see, rather, impressive growth in world demand for LNG.

China, for one, is shopping for long-term supplies of LNG. It plans to add roughly a dozen new import terminals, and could double its imports by 2033.

Alberta’s Canadian Energy Centre sees Global LNG production reaching nearly 720 million tonnes by 2035. World output this year is expected to be around 456 million tonnes.

In 2035, the Alberta centre says, LNG demand in China is forecast to reach nearly 151 million tonnes, followed by Japan at 60 million tonnes, India at 52 million tonnes, South Korea at 50 million tonnes, and Indonesia at 31 million tonnes.

See the Haisla HaiSea tug

Will you be at the LNG2023 Conference in Vancouver July 10-13? If so, you’ll see HaiSea Marine’s electric tug, HaiSea Wamis, docked beside the Vancouver Convention Centre. About the tug: https://ow.ly/rV0m50OVKAN

Indigenous clean-energy news

ALSO IN THE NEWS

  • Hereditary chief Clifford White on LNG opportunities for his Gitxaala Nation in BC, and the Gitxaala environmental ‘watchmen’ who monitor territories by boat along the LNG shipping route: https://ow.ly/VTIh50P1SaO
  • From Energy for a Secure Future Canada: Video: Dominic Barton, former Canadian Ambassador to China, discusses LNG opportunities and the energy transition, with ESF’s Shannon Joseph: https://youtu.be/caLvo2MZi8o
  • Simon Baker joins hereditary chief Ian Campbell, Squamish Nation, to explore how that Nation became regulators of the Woodfibre LNG project, and FortisBC’s pipeline to feed it: https://ow.ly/rFgJ50OVFXV
  • With Indigenous communities as partners, Canada can be the next global energy powerhouse.— Indigenous entrepreneur Chris Sankey; https://ow.ly/KuaC50OWzAS
  • Chastity Davis-Alphonse speaks with Simon Baker from Squamish First Nation and Tanya Laing Gahr from FortisBC about Indigenous relations and economic reconciliation. Podcast from Business in Vancouver: https://lnkd.in/gsYPvVy5
  • A federal loan-guarantee program would facilitate equity participation by Indigenous communities in major projects.— essay from the Royal Bank of Canada: https://ow.ly/v6bj50P2AWm
  • A Reasoned Path: An Evening with Vaclav Smil. Join Resource Works for a special evening with world-renowned energy expert Vaclav Smil. Tickets for this Sept. 25 event in Vancouver via https://ow.ly/4Xlq50P0cQP

DATES

July

  • The LNG 2023 Conference, July 10-13, Vancouver Convention Centre. Info/register: http://ow.ly/VVUl50MjbwU Speakers include our Alliance chair, Chief Crystal Smith of the Haisla Nation.
  • The sixth annual national Indigenous Clean Energy Forum, July 28, Vancouver. Info/register: http://ow.ly/CvbA50NteNK

September

October

2024

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