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...
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