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Canada approves four LNG export licenses for Pacific coast

  • The Canadian government approves four long-term licenses to export liquefied natural gas from proposed projects on the country's west coast which potentially could allow for the export of up to 73.3M metric tons/year of LNG.
  • The licenses, which already had received approval from the National Energy Board, are for LNG exports from proposed Pacific coast terminals backed by Exxon Mobil (XOM), BG Group (BRGYY, BRGXF) and Malaysia's state-owned Petronas.
  • None of the proposed projects have been built or even formally approved by their sponsors.
Comments (11)
  • SoldHigh
    , contributor
    Comments (995) | Send Message
     
    Since the apologist-in-chief, Obama, has no realistic or viable energy policy other than "Arab Oil," another country in North America has to take the lead.
    26 Mar, 05:01 PM Reply Like
  • jeepnsam
    , contributor
    Comments (49) | Send Message
     
    Obama has to keep the oil on Buffet's trains for now.
    26 Mar, 05:15 PM Reply Like
  • saratogahawk
    , contributor
    Comments (1567) | Send Message
     
    Canada just moved another step closer to becoming China's "best friend" in energy. Amazing to me that our government energy planners are so ideologic that they can't put this puzzle together. All the rest of us can.
    26 Mar, 06:40 PM Reply Like
  • DividendInvestorLA
    , contributor
    Comments (3496) | Send Message
     
    Do you think this might be time to start loading up on LNG ships?
    26 Mar, 08:32 PM Reply Like
  • aretailguy
    , contributor
    Comments (1017) | Send Message
     
    America gets more poor (thank you very much President Food Stamps Obama) while Canada gets richer. When will the sheeple wake up?
    26 Mar, 07:43 PM Reply Like
  • Grant G
    , contributor
    Comments (2) | Send Message
     
    Sure thing moderators, LNG is a Ponzi scheme dominated by mergers and acquisitions, you want to sell investments, therefore the truth is secondary.

     

    Good Day...You can take me off your mailing list while you you`re at it..
    26 Mar, 09:23 PM Reply Like
  • 276C
    , contributor
    Comments (164) | Send Message
     
    I am unclear what your statement meant. "Truth is secondary"?
    27 Mar, 02:04 AM Reply Like
  • Grant G
    , contributor
    Comments (2) | Send Message
     
    Noothing will be approved for construction until the British Columbia government agrees to no export tax on LNG.

     

    http://bit.ly/1iDGh24
    27 Mar, 09:46 AM Reply Like
  • saratogahawk
    , contributor
    Comments (1567) | Send Message
     
    LNG is being shipped all around the world now and will be shipped from Western Canada. The supply is huge, the port space is available at Kitimat and elsewhere on the western coast, Asia needs the nat gas desperately and will pay far above NA prices and the majors have made investment commitments in LNG plants. It will happen. I am long Western Canadian oils and pipeline companies.
    27 Mar, 10:09 AM Reply Like
  • User 353732
    , contributor
    Comments (4785) | Send Message
     
    We are now on the verge of the era of Big Gas that in a couple of decades will surpass Big Oil in terms of revenues, cash flows and investments, even as Big Oil keeps slowly growing.
    The leading players in Big Oil will also be the leading players in Big Gas, especially XOM, CVX and Shell. Gazprom, of course, is not in Big Oil but will be a formidable presence in Big Gas. Companies such as BG that are relatively small today have an opportunity to double or treble in scale over the next 20 years.
    Several state owned oil and gas companies in Asia will succeed in building multinational investment portfolios in Big Gas as the domestic markets in Asia become the chief drivers of the growth in global LNG trade and supply chains.
    27 Mar, 12:42 PM Reply Like
  • 11146471
    , contributor
    Comments (454) | Send Message
     
    Add also Mitsui of Japan, Oil Search of Papua N.G., Delek of Israel, to the Big Gas present and future majors.
    27 Mar, 03:15 PM Reply Like
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