LNG – Another Project Stalled
Prince George, B.C.- Minister of Natural Gas Development in B.C., Rich Coleman isn’t giving up on the LNG dream.
News this week was that LNG Canada, is putting off making a final investment decision on its proposed Kitimat operation until after the end of this year.
Minister Coleman says the “global downturn in the energy marketplace has created economic challenges for the natural gas sector” but adds “The provincial government remains optimistic about the future. Our Government is focused on building a viable globally competitive industry.”
Indeed, the head of LNG Canada , Andy Calitz , says the project “remains a promising opportunity. and has offered praise for the work and support of the BC Government, First Nations and community of Kitimat. “We could not have advanced the project thus far without it. I can’t say enough about how valuable this support has been and how important it will be as we look at a range of options to move the project forward towards a positive FID by the Joint Venture participant.”
There is no word on when LNG Canada will make that final decision, Calitz says LNG Canada ( a partnership of Shell, PetroChina, Mitsubishi and Kogas) “will continue key site preparation activities.”
It was just two months ago that LNG Canada announced it was starting engineering and planning work for its workforce accommodation centre ‘Cedar Valley Lodge”. The workforce was expected to peak at 4,500 during construction of the liquefaction and export facility in Kitimat.
Minister Coleman says LNG Canada’s statement that the project remains a “promising opportunity” is encouraging “we are encouraged to know they are still very much interested in shipping natural gas from British Columbia, the work to make that happen continues.”