The Canadian Association of Petroleum Producers (CAPP) has praised the government of Canada’s decision to approve the Pacific NorthWest LNG (PNW LNG) project, stating that it will open Canadian energy to new global markets.
The federal government recently confirmed that it was granting permission for the Pacific NorthWest LNG project to be built on Lelu Island, which sits at the mouth of the Skeena river near Prince Rupert, British Columbia (B.C.), Canada.
A statement from CAPP claimed that LNG will allow Canada to grow its Asia-Pacific trade and create additional jobs, while improving its international reputation as a place to invest.
Tim McMillan, President and CEO of CAPP, said: “The government’s commitment to LNG shows that they are interested in balancing both Canada’s sustained environmental leadership and its prosperity […] Canada is seizing its opportunity to be an energy supplier for the future […] By approving LNG terminals, Canada has a remarkable opportunity to create jobs, contribute to communities and generate economic growth […] LNG could support the expansion of renewable energy such as solar and wind by complementing their intermittent output […] Without access to global LNG markets, Western Canadian natural gas production is expected to decline over the next 10 years […] Right now LNG is operating in a highly competitive environment so there are many contributing factors that go towards deciding whether or not a project proceeds or not.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29092016/capp-welcomes-pnw-lng-approval/