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LNG development plan a “colossal failure”

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LNG Industry,

Bloomberg are reporting that British Columbia Premier Christy Clark is poised to form a minority government in the Canadian province for the first time in 65 years following a vote recount.

Clark’s Liberal Party failed to win a majority by one district, picking up 43 seats. The New Democratic Party won 41 of 87 districts. That leaves the Green Party holding the balance of power with three seats.

The Pacific Coast province that boasts Canada’s fastest-growing economy, has not seen a party govern with a minority of the seats in the legislature since 1952. The possibility that the Liberals or NDP may seek the support of the Greens to form a coalition could cloud the outlook for Petroliam Nasional Bhd’s proposed US$27 billion project to export LNG to Asia.

The results mark new territory for the Green Party, which has never had more than a single member elected to a Canadian legislature. Green Party leader Andrew Weaver has dismissed the Liberals’ efforts to develop an LNG industry as "nonsense" and a "colossal failure."

Weaver had refused to say earlier which party he would support in a potential minority government.

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