Premier Christy Clark

LNG Canada latest to delay investment

Shell-led group with Korea Gas, Mitsubishi and PetroChina can't say when its decision on Kitimat project will come

A consortium led by Shell Canada with support of the Haisla Nation to build a liquefied natural gas export facility near Kitimat is the latest LNG investment to delay proceeding.

LNG Canada announced Monday it would delay indefinitely its decision to proceed beyond 2016. The group started engineering work in 2014, supported by Shell, Korea Gas, Mitsubishi of Japan and PetroChina as venture partners.

The latest delay in piping northeast B.C. gas to the coast for export is a blow to the Peace region, where exports to the U.S. have been replaced by new domestic sources of gas. Oil production increases in the Middle East have driven down the world price of oil, taking gas with it as producers multiply.

LNG Canada CEO Andy Calitz said the partnership remains a “promising opportunity.” and will continue site preparation. It has “important commercial and engineering contracts in place to build the project” and an agreement with TransCanada to construct pipelines to the B.C. Coast.

When the joint venture was announced in 2014, Calitz said there are three key factors in deciding whether to commit to the Kitimat project. They are shifts in the gas price in Asia, the supply and cost of labour to build the plant and pipelines, and construction of gas pipelines through the Rocky Mountains.

 

Just Posted

South Okanagan and Similkameen kids get to fly free

The annual COPA for Kids program offers free flights for kids in Princeton and Penticton

Free entrepreneurship program for Indigenous women

Women from across B.C.’s southern interior can apply for the free program

Two Okanagan cities listed in Top 20 “rattiest” list

Rats. The Okanagan has them and they’re really a problem in two cities, according to this list.

B.C. Lions talk to Penticton kids about life choices

Three B.C. Lions were in Penticton Tuesday to talk to young people about life choices

Free workshop on how to make a snake move

Wildlife management free workshop May 7 9 a.m. to 12 p.m. at Cawston Hall

Toronto van attack suspect faces 10 counts of first-degree murder

The suspect in the Toronto van attack that killed 10 people and injured 15 others on Monday is a 25-year-old man named Alek Minassian

B.C. woman petitioning for free Wi-Fi in Canadian hospitals

Some hospitals in the province already offer the service, but most of them do not

Small aircraft touches down on Calgary street

The twin-engine plane was apparently short on fuel forcing an emergency landing

Issues split Trump and Macron, handshakes and kisses aside

Donald Trump and French President Emmanuel Macron professed a sunny, best-friends relationship

How hospitals prepare for mass-casualty incidents

Code Orange alerts explained following the Toronto van attack

Jury to deliberate after Cosby painted as predator

A jury of seven men and five women are to decide actor Bill Cosby’s fate

Memorial to victims of Toronto van attack continues to grow

The subway station where a van was used to run down pedestrians has reopened in Toronto

South Okanagan woman allegedly had 6 years of SPCA complaints

Penticton woman is set to go to trial on animal cruelty charges on Thursday in provincial court

Okanagan College students show skill

Trio clean up at provincial Skills Canada competition

Most Read