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Liberals Provide Exemption for LNG Plants

Wednesday, July 25, 2012 @ 4:17 AM

Victoria, B.C. – Minister of Energy and Mines Rich Coleman has announced that B.C.’s Clean Energy Act has been updated to enable the use of natural gas to power liquefied natural gas (LNG) plants. Effective immediately, LNG export facilities, and the electricity generation used to power them, are excluded from the Clean Energy Act’s 93 per cent clean and renewable energy requirement.

The government says the change will ensure the LNG industry can access a reliable, timely and cost-competitive mix of gas-fired and renewable power generation to meet its large electrical demand. The 93 per cent clean energy target will continue to apply to non-LNG load and will ensure the majority of B.C.’s power requirements will be met with renewable resources.

The province will have world-class air emissions standards for gas-fired power generation to support LNG plants. This will apply to both high-efficiency combined cycle gas generation and simple single cycle peaker plants, where they may be required, by developing policy to guide both BC Hydro procurement and environmental reviews. All infrastructure built will be subject to B.C.’s environmental assessment process.

The government has a goal of three LNG facilities in operation by 2020. The construction of three large LNG and connecting pipelines could result in up to 1,400 ongoing jobs and $600 billion in gross domestic product over a 30-year time frame.

Comments

Totally rational change, yet it is met with predictable scorn from the dippers.

Speaking wit industry insiders, their concerns seem to be that the Asian customers are encouraging the U.S. Canada, Oz, and a few others to develop export facilities and then bargain down the prices, limiting profits. Piping NG is better than Bitumen, in my opinion. The question remaining is, what will the long term effects of fracking be in NE B.C.?

Gov, just ask Alberta. they have been fracking for decades.

I have a friend in the Fracking biz. He works in Ab and the northern states. This process is not beyond being questioned. Chemicals used and fresh water usage rates are some of the more legitimate concerns, along with some of the other ones. Always ask questions.

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