Saturday, September 15, 2012

Shipping gas to Asia a race against time, B.C.’s Clark says

The goals of BC's carbon tax disappear quickly in a market environment where, as Forbes notes,  Japan is "paying close to $20/Mmbtu compared to $2/MMBtu on U.S. Henry Hub"

Shipping gas to Asia a race against time, B.C.’s Clark says - The Globe and Mail:
Canadian liquefied natural gas could begin shipments to Asia in as little as three years, B.C. premier Christy Clark said in China this week, in what she warned is a race against time to capture a highly competitive market.
“These companies have to lock up their long-term contracts with their Asian customers now. If they are thrown off by five years, it will be too late,” Ms. Clark said in a telephone interview from near the Great Wall just before returning to Canada this week. She has said one terminal, most likely the Apache-led consortium for which ground is now being cleared at Kitimat, will be operational by late 2015 or early 2016, with at least two more and possibly up to five running by 2020
Continue reading at The Globe and Mail:

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