LNG West Coast

The past 10 years have been challenging, to say the least, for Western Canadian natural gas producers, and the situation may not get better any time soon. Squeezed out of many of their traditional markets in eastern Canada and the U.S. Midwest and Northeast and stymied by delays in the development of West Coast liquefied natural gas (LNG) export projects, producers in Alberta and British Columbia have been suffering from lower prices and searching for new outlets for their gas. Alberta’s oil sands and power generation sectors will help, but the big fish producers need to land is LNG exports. Today, we consider recent developments in a region long on natural gas reserves but short on gas buyers.