B.C. losing global LNG race to other countries, warn energy experts

Nearly all 15 of the province's LNG terminal proposals are threatened, by faster, nimbler global competitors argues energy economists

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Deliberately delaying projects, to kill them

“[We are]  trying to set [the industry] back as far as we can, so they won’t have any access,” said Gitxsan hereditary wing chief Gilbert Johnson on Thursday. 

“We’re trying to make it as expensive for them to fight with us with whatever we’ve got, and hoping they’ll understand that basically, we don’t need that stuff here in Northern B.C. – we’ve got the prettiest piece of prime land ever.  And it’s wrong to even think that these guys want to up root it.”

The Unist’ot’en Clan of the Wet’suwet’en Nation have held a blockade camp, opposing oil and gas pipelines, since 2009. 

“Developers can go ahead and try and put their projects through here but they will be considered trespassers and we’ll enforce Wet’suwet’en law against trespassers," said Freda Huson, at the Unist’ot’en camp in a recently released YouTube video.

"We’re not afraid of the Harper government, we’re not afraid of anyone who is going to try and forcefully put their project through our territory when we’ve already said no,” she added.

Global price for LNG dropping

The Fukushima nuclear disaster in 2011 created a huge demand in Japan for natural gas energy.  But that market, and others in Asia, is quickly getting disappearing, as Russians move in, and others.

The authors said if the gas price drops in Asia from $17 per million btu today to $13, it’s game over for the province’s nascent LNG industry.

LNG in Asia is used mainly for electricity generation, often to replace the burning of oil or coal.

Titled “Risky Business: the issue of timing, entry and performance in the Asia-Pacific LNG Market”, the report can be viewed online.
BC LNG map
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