{"id":99178,"date":"2025-08-15T17:11:52","date_gmt":"2025-08-15T17:11:52","guid":{"rendered":"https:\/\/resourcework2.devstudio.work\/?p=99178"},"modified":"2025-08-19T18:39:24","modified_gmt":"2025-08-19T18:39:24","slug":"bc-lng-sector-gets-bigger","status":"publish","type":"post","link":"https:\/\/resourcework2.devstudio.work\/?p=99178","title":{"rendered":"British Columbia&#8217;s LNG sector will be huge, but the world wants it to be bigger"},"content":{"rendered":"\n<p>Petronas\u2019 recent announcement that it wants to back <a href=\"https:\/\/www.moomoo.com\/news\/post\/56756401\/petronas-eyes-expansion-in-canada-amid-lng-growth?level=1&amp;data_ticket=1755275906261756\">s<\/a><a href=\"https:\/\/www.moomoo.com\/news\/post\/56756401\/petronas-eyes-expansion-in-canada-amid-lng-growth?level=1&amp;data_ticket=1755275906261756\" target=\"_blank\" rel=\"noreferrer noopener\">everal more<\/a> Canadian LNG projects should be a wake-up call for Ottawa and Victoria.<\/p>\n\n\n\n<p>The Malaysian state energy giant already has about 50 trillion cubic feet of natural gas in Canada, operates the North Montney Joint Venture in northeastern British Columbia, and is a major equity partner in LNG Canada, the $40 billion project in Kitimat that shipped its <a href=\"https:\/\/www.businesstoday.com.my\/2025\/08\/11\/petronas-eyes-expansion-in-canada-amid-lng-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">first cargo<\/a> to Asia this summer.<\/p>\n\n\n\n<p>Petronas executive vice-president Mohd Jukris Abdul Wahab says the company sees Canada as one of its \u201cmajor LNG supply bases going forward,\u201d but made clear government support will be key to unlocking the next wave of projects.<\/p>\n\n\n\n<p>That is not unique to Petronas. The world\u2019s <a href=\"https:\/\/northernbeat.ca\/opinion\/clean-bc-targets-alaskan-lng-threaten-bcs-neglected-advantage\/\" target=\"_blank\" rel=\"noreferrer noopener\">demand<\/a> for secure, low-emission natural gas is only growing, and B.C. is uniquely positioned to meet it. Japan, one of the biggest LNG importers on the planet, is phasing out coal and actively looking for long-term supply deals. Canadian LNG\u2019s shorter shipping distance from Kitimat to Tokyo, compared to the U.S. Gulf Coast, is a major selling point.<\/p>\n\n\n\n<p>B.C. also has some of the <a href=\"https:\/\/resourcework2.devstudio.work\/pacific-lng-race-unites-british-columbian-politicians\/\">most<\/a><a href=\"https:\/\/resourcework2.devstudio.work\/pacific-lng-race-unites-british-columbian-politicians\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><a href=\"https:\/\/resourcework2.devstudio.work\/pacific-lng-race-unites-british-columbian-politicians\/\">sustainable<\/a> LNG facilities in the world, from Indigenous-led Cedar LNG to the planned Ksi Lisims LNG and Woodfibre LNG projects. Cedar LNG, majority-owned by the Haisla Nation, will run on B.C. Hydro\u2019s renewable power, making it one of the lowest-emitting LNG plants globally.<\/p>\n\n\n\n<p>Further down the coast at Squamish, Woodfibre LNG will be the first LNG export facility in Canada to include electric-drive compressors for liquefaction, powered by renewable hydroelectricity. This innovation will avoid approximately 230,470 tonnes of CO\u2082 equivalent per year versus gas-fired liquefaction. That is equivalent to the emissions from over 70,000 gasoline-powered passenger vehicles driven for one year.<\/p>\n\n\n\n<p>Using the E-Drive for liquefaction eliminates the single largest source of GHG emissions found in typical LNG facilities and is the cornerstone of the company\u2019s Net-Zero strategy.<\/p>\n\n\n\n<p>This is not just about exports. As the National Bank of Canada recently pointed out, natural gas is the lifeblood of Canadian manufacturing, <a href=\"https:\/\/resourcework2.devstudio.work\/natural-gas-lifeblood-of-manufacturing\/\">supplying 34 percent<\/a> of the sector\u2019s energy needs and keeping costs competitive with the U.S. and other G7 countries.<\/p>\n\n\n\n<p>More than half of Eastern Canada\u2019s gas is imported from the U.S., leaving Ontario and Quebec exposed to foreign supply risks. Expanding domestic gas infrastructure could secure Central Canada\u2019s industry, cut costs, and enhance national resilience, while supporting LNG exports from the West Coast.<\/p>\n\n\n\n<p>B.C. has the resources to deliver. The province\u2019s known natural gas reserves are enough to supply domestic consumption for at least <a href=\"https:\/\/resourcework2.devstudio.work\/does_bc_have_enough_natural_gas_to_export_absolutely\/\">160 years<\/a> at 2013 levels, and that is without counting future discoveries. In fact, reserves have grown over time thanks to exploration and technology. Critics who say LNG exports will leave B.C. short-changed ignore the sheer scale of these deposits.<\/p>\n\n\n\n<p>The opportunity is huge, but will not wait forever. U.S. President Donald Trump has revived plans for a <a href=\"https:\/\/resourcework2.devstudio.work\/pacific-lng-race-unites-british-columbian-politicians\/\">$44 billion<\/a> Alaska LNG project aimed at the same Asian markets B.C. hopes to serve. His administration is already lobbying Japan to sign long-term deals, and Alaska\u2019s proximity, combined with Washington\u2019s aggressive regulatory fast-tracking, poses a serious competitive threat.<\/p>\n\n\n\n<p>Canada\u2019s window is open now, but history shows how quickly it can slam shut. <\/p>\n\n\n\n<p>The <a href=\"https:\/\/resourcework2.devstudio.work\/energy-investment-less-opportunity-in-canada-than-united-states\/\">missed chance<\/a> to export LNG to Europe in the wake of Russia\u2019s 2022 invasion of Ukraine, a market the U.S. now dominates, should be a cautionary tale. The U.S. is projected to export 150 million tonnes of LNG annually by 2029, eleven times Canada\u2019s expected capacity. If we do not accelerate, we risk being locked out of Asia by faster-moving American rivals.<\/p>\n\n\n\n<p>Some of B.C.\u2019s political leaders understand this. Premier David Eby, once an LNG sceptic, now says B.C. will \u201c<a href=\"https:\/\/resourcework2.devstudio.work\/pacific-lng-race-unites-british-columbian-politicians\/\">win the race<\/a>\u201d to Asian markets and has worked with unlikely allies in the B.C. Conservatives to back LNG as a strategic economic and environmental priority. <\/p>\n\n\n\n<p>They recognize LNG exports can cut global emissions by displacing coal in Asia while delivering billions in investment, thousands of jobs, and unprecedented Indigenous economic participation. There is potential for help on the domestic electricity front as well. <\/p>\n\n\n\n<p>As former Haisla chief councillor Ellis Ross bluntly put it, \u201cElectric drives need huge amounts of electricity that B.C. doesn\u2019t have. Natural gas is dependable but not within CleanBC targets. What will it be?\u201d<\/p>\n\n\n\n<p>The federal government talks about making Canada an \u201cenergy superpower\u201d while major investors <a href=\"https:\/\/resourcework2.devstudio.work\/energy-investment-less-opportunity-in-canada-than-united-states\/\">like<\/a> TC Energy shift focus to the U.S., where \u201crisk-adjusted returns are meaningfully higher.\u201d Underinvestment is glaring: major resource project investment has dropped from $711 billion in 2015 to $572 billion in 2023.<\/p>\n\n\n\n<p>Public opinion, however, is overwhelmingly supportive, with <a href=\"https:\/\/resourcework2.devstudio.work\/energy-investment-less-opportunity-in-canada-than-united-states\/\">91 percent<\/a> of Canadians backing increased oil and gas exports according to Nanos. B.C. is already an energy bridge for Alberta\u2019s oil via the Trans Mountain Expansion, but LNG is what will truly make it Canada\u2019s gateway to global markets. <\/p>\n\n\n\n<p>The province\u2019s coast could soon host at least three major LNG hubs, all with significant First Nations ownership, a milestone in economic reconciliation. For communities hit hard by decades of forestry and fishing decline, these projects are a lifeline.<\/p>\n\n\n\n<p>The message from Petronas and others is clear: the world wants more Canadian LNG, and B.C. is ready to deliver. But to turn potential into reality, Ottawa and Victoria must align policy with opportunity, simplify approvals, support infrastructure, and secure long-term export deals.<\/p>\n\n\n\n<p>If they do, B.C. will not just be an energy powerhouse alongside Alberta, it will be a cornerstone of global energy security for decades to come. If they do not, Alaska and the U.S. Gulf Coast will be more than happy to take our place.<\/p>\n\n\n\n<p><em><a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/2.0\/\" target=\"_blank\" rel=\"noreferrer noopener\">Photo<\/a>&nbsp;credit to the&nbsp;<a href=\"https:\/\/www.flickr.com\/photos\/bcgovphotos\/53891127442\/in\/album-72157686474934255\" target=\"_blank\" rel=\"noreferrer noopener\">Province<\/a><a href=\"https:\/\/www.flickr.com\/photos\/bcgovphotos\/53891127442\/in\/album-72157686474934255\">&nbsp;<\/a><a href=\"https:\/\/www.flickr.com\/photos\/bcgovphotos\/53891127442\/in\/album-72157686474934255\" target=\"_blank\" rel=\"noreferrer noopener\">of<\/a><a href=\"https:\/\/www.flickr.com\/photos\/bcgovphotos\/54690533800\/in\/album-72157686374277226\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;British&nbsp;<\/a><a href=\"https:\/\/www.flickr.com\/photos\/bcgovphotos\/53891127442\/in\/album-72157686474934255\" target=\"_blank\" rel=\"noreferrer noopener\">Columbia<\/a><\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian markets are driving LNG growth in BC, and it can make the province into a Pacific powerhouse. <\/p>\n","protected":false},"author":4,"featured_media":99209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[703],"tags":[18,32,25],"class_list":["post-99178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-economy","tag-energy","tag-lng"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>British Columbia&#039;s LNG sector will be huge, but the world wants it to be bigger -<\/title>\n<meta name=\"description\" content=\"Asian markets are driving LNG growth in BC, and it can make the province into a Pacific powerhouse. 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