VANCOUVER — Volatility in the supply and price of natural gas worldwide since Russia’s invasion of Ukraine shows the value of the LNG Canada project as a…
“I can’t think of any country better placed to supply Asia with exactly that than Canada,” said Jason Klein of LNG Canada, the massive export facility currently under construction in Kitimat, B.C.Klein said the $40-billion 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.
Klein made the comments at the opening of the LNG 2023 conference in Vancouver, an event that was originally scheduled for last year in the Russian city of St. Petersburg before being moved to B.C. because of the war in Ukraine. That situation, Klein said, may be the best example of the value of Canadian energy and its stability on the world stage.
“I think it’s an amazing opportunity to reflect on the fact that the very act that causes us to be in Vancouver today is the same one that’s upending global energy markets,” Klein said. 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. The conference is held every three years.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine war proves value of LNG Canada, CEO tells global gas conference in VancouverVANCOUVER — 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 p
Read more »
Ukraine war proves value of LNG Canada, CEO tells global gas conference in Vancouver | Globalnews.caCanadian organizers say First Nations economic reconciliation is a major part of what it wants to present to the global natural gas industry.
Read more »
Kitimat LNG camp workers vote to strikeJob action may disrupt LNG Canada pipeline project if it goes ahead
Read more »
Staff at lodge for LNG workers approve strike, potentially disrupting Kitimat projectLodge workers at facility housing LNG Canada’s gas facility employees in Kitimat, B.C. approve strike
Read more »
Canada backs moratorium on deep sea mining, opposing Vancouver company's plansCanadian government backs international moratorium on deep sea mining following Vancouver company's controversial move
Read more »
Canada backs moratorium on deep sea mining, opposing Vancouver company's plansCanadian government backs international moratorium on deep sea mining following Vancouver company's controversial move
Read more »