{"id":2565,"date":"2014-12-07T09:43:01","date_gmt":"2014-12-07T14:43:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2565"},"modified":"2014-12-07T09:43:01","modified_gmt":"2014-12-07T14:43:01","slug":"is-the-canadian-lng-export-dream-dead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2565","title":{"rendered":"Is The Canadian LNG Export Dream Dead?"},"content":{"rendered":"

Is The Canadian LNG Export Dream Dead?<\/a>.<\/p>\n

Lower oil prices have killed off major plans for liquefied natural gas exports from Canada\u2019s west coast.<\/p>\n

On December 2 the state-owned oil company of Malaysia, Petronas, decided to\u00a0shelve plans<\/a>\u00a0to build an enormous LNG export terminal in British Columbia, citing the falling price of oil. It is common for LNG contracts to be priced using a formula linked to the price of crude oil, so declining oil prices pushes down prices for LNG.<\/p>\n

Petronas\u2019\u00a0Pacific NorthWest LNG<\/a>, as it was known, was a proposed $32 billion export terminal that would send LNG to Asia. The decision highlights how competitive global LNG trade has become, despite growing demand. Greenfield projects, such as Pacific Northwest LNG, face steep startup costs that become prohibitive when oil prices fall.<\/p>\n

Related:\u00a0Russia-China Deal Could Kill U.S. LNG Exports<\/span><\/strong><\/a><\/p>\n

Although low oil prices may have been the icing on the cake, Canadian LNG projects were facing serious obstacles before oil prices plummeted. There is stiff competition from a slew of LNG projects already under construction in the U.S. and Australia, which will come online much earlier than anything from British Columbia.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Is The Canadian LNG Export Dream Dead?. Lower oil prices have killed off major plans for liquefied natural gas exports from Canada\u2019s west coast. On December 2 the state-owned oil company of Malaysia, Petronas, decided to\u00a0shelve plans\u00a0to build an enormous LNG export terminal in British Columbia, citing the falling price of oil. It is common […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[94,103,1714,1190,592,1715],"class_list":["post-2565","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-british-columbia","tag-canada","tag-liquified-natural-gas","tag-lng","tag-oil-price","tag-petronas"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2565"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2565\/revisions"}],"predecessor-version":[{"id":2566,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2565\/revisions\/2566"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}