Author: James Alexander Michie
The future of the energy sector is benefited by a proposed liquefied natural gas (LNG) project valued at around $ 40 billion on the west coast of Canada, and if that project is given, it would include a 670 pipeline. kilometers that would send gas from British Columbia to the place where the installation of said proposal is located in Kitimat, it is also important to highlight that if it is carried out it will give way to Canada reaching a huge export market.
Although different projects have not been proposed before, everything points to this project that was announced for the first time in 2011 if it will take place and that will be carried out without any doubt. Potentially the same proposal could position itself as one of the most expensive construction companies in Canadian history, and it could reach an entrance for the country in a global market of $ 90 billion.
It is also important to highlight that if the proposal manages to materialize, it could boost Canada to compete with the US. UU, Australia and other nations in the growing LNG market.
Now, without a doubt, the project looks very promising, but in spite of this, we must not forget that there are still pending tasks and that of course, they are necessary. Now, Jessica Uhl, who is the chief financial officer, told analysts, “We see great opportunities, but we also have clear expectations in terms of competitiveness, affordability, and performance.” Meanwhile, it should be noted that, if the LNG industry does not, however, it is possible that the future of natural gas in western Canada will be affected and will also weaken as a result, since the only client that currently has the United States is willing to increase the development of its own resources. leaving imports aside.
Likewise, if everything is specified to achieve the materialization of this proposal, it would make it clear that Canada’s industry does want investment and development despite the fact that different owners have emphasized the opposite.
Take a read: https://newsinteractives.cbc.ca/longform/lng-canada
Source: Tony Seskus and Kyle Bakx | CBC News
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