LNG

LNG Canada breaking new ground for export projects

The LNG Canada project's unique path to FID could prove difficult for other developers to follow The LNG Canada project's unique path to FID could prove difficult for other developers to follow.
By Colin Shek 31 October 2018 0 33118
An artist’s rendering of the LNG Canada project. (LNG Canada)

The LNG Canada project in British Columbia is blazing a trail for the LNG industry by progressing to an FID without locking in long-term sales contracts, delegates at the Gas Asia Summit in Singapore heard on Wednesday. Such deals have traditionally been necessary to underpin investments in megaprojects.

“This is a project with no direct long-term customers. It’s the first of its kind in the LNG industry,” Tellurian Vice Chairman Martin Houston said in a keynote address. Shell – alongside joint venture partners Petronas, PetroChina, Mitsubishi...