LNG

Canadian LNG projects squeezed by competition

Grassy Point LNG has become the latest Canadian LNG project to be cancelled as domestic and international competition heats up Grassy Point LNG has become the latest Canadian LNG project to be cancelled as domestic and international competition heats up.
By Andrew Walker 12 March 2018 0 29964
Jesse Falls near Kitimat, British Columbia. (LNG Canada)

The cancellation of Woodside Petroleum’s proposed Grassy Point LNG project offers further proof that plans for Canadian plants are struggling to compete in a market that is becoming increasingly competitive.

Operator Woodside announced last week that it would not be renewing the Sole Proponent Agreement it had secured for the Grassy Point site. It is the fifth export project to be cancelled or shelved in British Columbia (BC) in the past year. 

Given that so many projects had been proposed in the state, analysts expected some of...