The government of Canada has approved four long-term LNG export licences for Pacific NorthWest LNG, Prince Rupert LNG, WCC LNG and Woodfibre LNG.
Global LNG supplier
Canada’s Minister of Natural Resources, Greg Rickford, highlighted the importance of these approvals for the country and globally. Market diversification for Canada's natural gas remains a top priority for the government. Canada has an abundance of natural gas and the potential to become a major global supplier of LNG.
Approval of these licences will allow the proponents to export up to 73.38 million tpa of LNG.
Rickford commented: "World energy demand is on the rise, and Canada has the unprecedented energy supply to meet that demand. The approval of these licences is a major step forward in opening the door for Canada's natural gas industry to access world markets. Opening new markets for our energy products supports our government's top priority: creating jobs, growth and long-term prosperity for Canadians."
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28032014/canada_approves_lng_export_licences_357/