Contributed by: ChrisDown, Partner, Norton Rose Fulbright
With the significant growth of North America as an LNG exporter, investors in the North American LNG industry need to find buyers for LNG – at the same time, power demand continues to grow in emerging markets and, post-COP21, gas-fired power generation
Interview with ScottMacLeod, Business Development Manager, OG&C, Bechtel Canada
Natural gas is abundant across Canada and with the global demand for natural gas expected to increase 46% by 2040, the Canadian natural gas industry has an opportunity to utilise its resource potential.
Several new producers are hoping to begin selling gas to Asia soon, including those in North America and East Africa, but with Russia entering this market in around 2018 at a competitive price, some may struggle.
Alaska’s Governor Sean Parnell this month welcomed the signing of a formal commercial agreement between the Alaska Gasline Development Corporation (AGDC), BP, ExxonMobil, ConocoPhillips and TransCanada to advance the Alaska LNG project.
LNG carriers (LNGCs) wanting to use the enlarged Panama Canal when the multi-billion dollar expansion project is completed at the end of next year will for the most part require modifications before they undertake the transit.