According to the Canadian Energy Research Institute, Canada’s proposed LNG projects are expected to be more cost competitive than U.S. projects in delivering boatloads of super-cooled natural gas to Asian markets when they are finally built.
CERI president and CEO Allan Fogwill says that proposed LNG facilities on Canada’s West Coast are capable of delivering the commodity to northern Asian markets for roughly $1 per million cubic feet less than their American competitors, to as low as US$7.54 per mmbtu, compared with US$8.40 for American LNG projects.
The cost advantage comes partly from Canada’s closer proximity to Asia, Fogwill told a business audience Wednesday.
Source: Financial Post
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