24 September 2013 20:12 [Source: ICIS news]
TORONTO (ICIS)--The economics for Canadian exports of liquefied gas (LNG) to ?xml:namespace>
Bill Gwozd, senior vice president for gas services for consultancy Ziff Energy in Calgary, said that global LNG demand should double by 2020.
“We have low natural gas prices to feed the LNG export projects, and Asia is going to have a high price,” he said.
Also, quite unlike its US competitors on the Gulf Coast, Canada's LNG exports would not be exposed to the risk of storms or hurricanes, he said.
He predicted that Canadian LNG exports would have a long future, with a life-time of "50 to 100 plus years".
Gwozd added that he did not agree with comments by some in the industry that
Former federal environment minister Jim Prentice has said that there was nothing more urgent to do for Canada than to quickly establish itself as a competitor on LNG markets.
At an industry conference last week, Prentice, now an executive with Toronto-based CIBC Bank, said that
Gwozd also said that
The main drives were
A number of firms, including Shell and Malaysian state energy major PETRONAS, have put forward plans for LNG export projects in
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