Peeling Back The Layers Of LNG Development – A Primer On The Regulatory Framework For LNG Projects In B.C.

In an increasingly competitive global market for natural gas, the race to export liquefied natural gas (LNG) to Asia is on. With LNG attracting a premium price in Asia, Canada is vying with the United States, Australia, Russia, East Africa and the Middle East to rapidly build the infrastructure required to move LNG to key markets in Japan, Korea, Taiwan, China and India. By positioning the LNG industry in British Columbia (B.C.) as a key driver for economic and jobs growth over the next few years, the B.C. government is sending a clear message – the time to act is now.

Not long ago, declining supplies of conventional natural gas meant that the North American marketplace was focused on LNG imports from other jurisdictions. However, the advancement of technologies for recovering shale gas (natural gas produced from the fractures, pore spaces and physical matrix of shales) and horizontal drilling, as well an increase in hydraulic fracturing, have shifted the market to