BIREF - Green Light For The Massive LNG Canada Project
LNG Canada announced yesterday the positive final investment decision for the long-awaited LNG Canada export facility in Kitimat, British Columbia.
The project brings some fresh air to the Canadian gas market. The lack of gas export capacity and the increasing U.S. gas production depressed the Canadian gas prices over the last few years.
Canadian oil and gas producers will profit from better gas prices. But the export facility will be operational by the middle of the next decade. Some producers can't wait many years for an improved gas environment.
And there is a risk that,