• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 7 minutes China Faces Economic Collapse
  • 11 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 13 minutes Iran in the world market
  • 15 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 17 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 2 hours Let's shut down dissent like The Conversation in Australia
  • 2 mins Who Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 9 hours Saudis Confirm a Cruise Missile from Iranian Origin
  • 3 hours Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 1 hour Trump Accidentally Discusses Technology Used In The Border Wall
  • 57 mins Donald Trump Proposes Harnessing Liberal Tears To Provide Clean Energy
  • 17 hours Is It Time To Invest In Offshore Drillers?
  • 14 hours Trump Will Win In 2020 And Beyond..?
  • 19 hours Trump new National Security Advisor. Trump easily manipulated.
  • 12 hours Democrats and Gun Views
  • 17 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
Alt Text

The Easy Money In European Natural Gas Is Gone

Traders are unable to take…

Alt Text

The Natural Gas Crash Isn’t Over

After having reached their highest…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Premium Content

Canada Approves LNG Exports for Project Hopefuls

While liquefied natural gas (LNG) export terminals proposals are languishing under the measured pace of approval in the United States, Canada is approving licenses in advance for projects that don’t even have formal support from their backers yet.

Seeking to become a major global supplier of LNG, the Canadian government has approved four long-term export licenses for LNG projects on the Pacific Coast in British Columbia for the export of up to 73.38 million metric tons per year for 25 years.  

The proposed export terminals would potentially be sponsored by Exxon Mobil, British-based BG Group and Malaysia’s state-owned Petronas, and licenses have been approved for the export of up to 73.38 million metric tons of LNG per year, or around 3.43 trillion cubic feet/year.

The potential projects for which licenses have been approved in advance by Canada’s National Energy Board include the Pacific NorthWest LNG, Prince Rupert LNG, WCC LNG and Woodfibre LNG terminals.

Though the export licenses have been granted, the projects themselves have not been approved.

Related Article: Canada Setting Stage for Oil Exports Beyond U.S.

The largest project, the Pacific NorthWest LNG terminal, is moving slowly towards the finish line, with the Canadian Environmental Assessment Agency (CEAA) announcing this week that the 30-day public comment period will begin on 2 April. After that, the timeframe for approval remains unclear, with a total of four public comment periods on before the agency can submit a final document to the government.

In February, the environmental impact statement was published, predicting that the project’s effects on air quality would not be significant, while it would increase the province’s greenhouse gas emissions by more than 8%.

Canada has already approved a total of seven LNG export facilities—all of them new construction projects centered on the Pacific Coast. They will all require new pipeline infrastructure as well.

According to Alberta Oil Magazine, “Canadians, and the Canadian regulatory authorities governing energy development, are used to the idea of exporting resources. Whether or not public opinion has changed to expect further domestic processing does not alter the fact that our resources will eventually be shipped to be consumed elsewhere.”

By James Burgess




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play