Premier Christy Clark

LNG Canada latest to delay investment

Shell-led group with Korea Gas, Mitsubishi and PetroChina can't say when its decision on Kitimat project will come

A consortium led by Shell Canada with support of the Haisla Nation to build a liquefied natural gas export facility near Kitimat is the latest LNG investment to delay proceeding.

LNG Canada announced Monday it would delay indefinitely its decision to proceed beyond 2016. The group started engineering work in 2014, supported by Shell, Korea Gas, Mitsubishi of Japan and PetroChina as venture partners.

The latest delay in piping northeast B.C. gas to the coast for export is a blow to the Peace region, where exports to the U.S. have been replaced by new domestic sources of gas. Oil production increases in the Middle East have driven down the world price of oil, taking gas with it as producers multiply.

LNG Canada CEO Andy Calitz said the partnership remains a “promising opportunity.” and will continue site preparation. It has “important commercial and engineering contracts in place to build the project” and an agreement with TransCanada to construct pipelines to the B.C. Coast.

When the joint venture was announced in 2014, Calitz said there are three key factors in deciding whether to commit to the Kitimat project. They are shifts in the gas price in Asia, the supply and cost of labour to build the plant and pipelines, and construction of gas pipelines through the Rocky Mountains.

 

Just Posted

UPDATE: Missing senior couple found

A senior couple from the Lower Mainland have been reported missing

Recycling workshop at Clearwater Library

TNRD to hold workshops at libraries across region

Clearwater RCMP weekly police report

Clearwater RCMP responded to 41 calls for service over this past week

Editor, The Times:

Proportional Representation could save our democracy

VIDEO: Shoppers like self-checkout lanes at the grocery store, survey suggests

Grocery Experience National Survey Report suggests most grocery shoppers spend 32 minutes per visit

No deal in sight: Canada Post warns of delivery delays into January

Union holds fifth week of rotating strikes as both sides remain apart on contract negotiations

COLUMN: Higher interest rates will slow B.C. economy after ‘unusually robust’ show

Jock Finlayson is executive vice president and chief policy officer of the Business Council of BC

Jason Aldean, Old Dominion to headline Merritt’s Rockin’ River concerts next summer

Four-day music festival at Coldwater River from Aug. 1 to 4

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

Bovine tuberculosis found in cow on southern B.C. farm

CFIA said the disease was found during slaughter and they are investigating

Air force getting more planes but has no one to fly them, auditor warns

The report follows several years of criticism over the Trudeau government’s decision not to launch an immediate competition to replace the CF-18s.

B.C.’s Esi Edugyan wins $100K Giller prize for Washington Black

Edugyan won her first Scotiabank Giller Prize in 2011 for Half-Blood Blues

Most Read