Western Canada's Struggling Natural Gas Biz

Western Canada's Struggling Natural Gas Biz
Adrian Wyld/The Canadian Press via AP

Shell Canada made one of the biggest moves of 2018 in the natural gas industry by deciding to move ahead with a $40-billion liquefied natural gas export facility on B.C.'s coast.

Construction is underway, but patience is needed since it will take five years to construct. Until then, the industry seems stuck with low prices, a lack of spare export pipeline space, and stagnant demand.

Shell leads the consortium behind LNG Canada, the planned export facility in B.C.

"The mood is definitely one of excitement [about LNG]," said Rej Tetreault, general manager of natural gas projects for Shell Canada. "It's a bit muted because the current market is very low and that's curtailing our own short term activities."

 

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