Close X
Wednesday, November 13, 2024
ADVT 
National

Ukraine war proves value of LNG Canada, CEO tells global gas conference in Vancouver

Darpan News Desk The Canadian Press, 10 Jul, 2023 03:24 PM
  • Ukraine war proves value of LNG Canada, CEO tells global gas conference in Vancouver

The head of the LNG Canada export facility in British Columbia says price and supply volatility worldwide since Russia's invasion of Ukraine shows the value of his company's project as a source of "affordable, reliable" and "responsibly produced" liquefied natural gas.

Project CEO Jason Klein has told the LNG 2023 conference in Vancouver that the project is close to 85-per-cent complete and will aim to compete globally, not only on price but also its environmental and social track record.

He says the best example of the value of Canadian energy can be seen in the conference itself, which was originally planned to place in St. Petersburg in Russia, but was moved to B.C. because of the war in Ukraine.

Klein says the event offers an "amazing opportunity to reflect" on the upheaval in global natural gas markets since the invasion, which caused Russia, the world's largest exporter of the commodity, to vanish from global supply lines and key markets including Europe.

The LNG 2023 conference runs until Thursday, drawing multinational energy corporations such as energy giants Petronas, BP and ConocoPhillips — as well as government representatives from key producing countries such as Qatar.

Canadian organizers say First Nations economic reconciliation is a major part of what it wants to present to the global natural gas industry.

First Nations LNG Alliance chair Crystal Smith has told the conference that more extensive Indigenous community involvement is on the way in projects such as the planned Cedar LNG facility in Kitimat, B.C.

MORE National ARTICLES

Mother-in-law of B.C. knife victim says 'monster' robbed son of woman he loved

Mother-in-law of B.C. knife victim says 'monster' robbed son of woman he loved
The murdered woman's mother-in-law has told the British Columbia Supreme Court in New Westminster that her son and the victim had been planning to build a life together in Canada, and her death devastated everyone who knew the young woman.

Mother-in-law of B.C. knife victim says 'monster' robbed son of woman he loved

New process for multiple offers on a home

New process for multiple offers on a home
In a market that has been characterized by limited properties for sale and multiple bids for those listings, realtors say the new form will "bring comfort" to prospective buyers that their offer was fairly presented.

New process for multiple offers on a home

Workers to rally on day six of B.C. port strike, employer seeks binding arbitration

Workers to rally on day six of B.C. port strike, employer seeks binding arbitration
About 7,400 members of the International Longshore and Warehouse Union have been off the job since Canada Day to back demands for improved wages and provisions against contracting out and automation. The mid-morning demonstration is organized by the union and billed as a solidarity rally, with members reminded that there is pride, strength and commitment in numbers.  

Workers to rally on day six of B.C. port strike, employer seeks binding arbitration

Deadly crash in the Okanagan

Deadly crash in the Okanagan
The B-C Highway Patrol says it's investigating a deadly crash involving a pedestrian in the Okanagan over the Canada Day long weekend.  Police say they were called to the crash around noon last Saturday, where a car hit a pedestrian in a crosswalk on Highway 97-A in Enderby, B-C. 

Deadly crash in the Okanagan

Heat wave to hit BC

Heat wave to hit BC
Fraser Heath says a coming heat wave is set to hit B-C's Fraser Canyon, warning of temperatures forecasted to hit the mid-30s into the weekend. The health authority says Environment and Climate Change Canada's heat warning covers the communities of Lytton, North Bend, Boston Bar, Yale, Othello and Sunshine Valley.   

Heat wave to hit BC

Surrey RCMP say one person injured in shooting, believed linked to drug trade

Surrey RCMP say one person injured in shooting, believed linked to drug trade
One person is being treated in hospital for a non-life-threatening injury after a shooting in Surrey, B.C., Wednesday afternoon. Police were called to the 80 Avenue and Fleetwood Park area just before 6 p.m. for reports of two groups of men shooting at each other.

Surrey RCMP say one person injured in shooting, believed linked to drug trade