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.