“It gives confidence to the other proponents.”Tourmaline Oil CEO Michael Rose says the benefits of the first LNG project getting the go-ahead could extend beyond the natural gas sector and into other areas of the energy industry as well. ( Robin Rowland / THE CANADIAN PRESS file photo )The $40-billion LNG Canada project will have a leg up on its competition on the U.S. Gulf Coast and east coast, because of the shortened trip to customers in Asia. “We believe 2019 could be the busiest year” for companies moving forward with LNG project investments. Chevron Corp. has considered an LNG project in Kitimat, in a joint venture with Australia’s Woodside Petroleum Ltd. In March, Woodside dropped plans for an LNG plant near Prince Rupert to focus on the Kitimat project.

Source: thestar October 03, 2018 19:29 UTC