Future of BC LNG industry

BC’s several LNG projects, including production facility and transportation infrastructure are included in the BC action plan. By developing our vast amount of gas resources, the LNG industry bring more than 100,000 jobs and revenue for BC by exporting it. Additionally, the proportion of power production in BC by LNG will significantly increase.

However, like all power/natural resource development businesses, there are hurdles to overcome, such as the environmental assessment and consultation with the public. While a couple of projects have received a ‘go’ from the government with export permits and approvals to the environmental assessment, there continues to be public disagreement, albeit LNG being the ‘cleaner and safer’ method to transport and generate power from.

Once the industry overcomes certain hurdles with reliable evidence and expertise, the future of LNG in BC can remain brighter than other power-generating commodities such as coal.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s