LNG

Construction on LNG Canada set to start by end of 2018 – CEO

Construction on the LNG Canada project will start by the end of this year.
By Staff reporter 16 May 2018 0 30883

Construction on the LNG Canada project will start by the end of this year, Andy Calitz, the project’s chief executive, said on Tuesday.

LNG Canada pledged to start construction in 2018 when it announced a delay to FID in July 2016.

“I reaffirm that commitment today,” Calitz said during the Canada Gas and LNG conference in Vancouver.

“External market conditions in terms of oil prices, free cash flow, energy prices and just the supply-demand balance didn’t make sense in July 2016,” Calitz...