Movin’ Out—Exporting U.S. Sourced LNG from the Maritimes (Part 2)
Despite the challenges they would likely face, as many as four companies are exploring the possibility of exporting liquefied natural gas (LNG) from the Canadian Maritimes [1] to Europe, Latin America and Asia. Their thinking is, with Marcellus natural gas production expected to continue increasing, with Sable Island and Deep Panuke gas just offshore, and Europe little more than a week’s boat ride away, LNG exports from Nova Scotia and New Brunswick may well make economic sense. But LNG export terminals are among the most capital-intensive projects; also, piping Marcellus gas through New England—a region with serious wintertime gas-delivery constraints—to the Maritimes would require major pipeline upgrades. Today we look into the LNG project plans and the pipeline expansion needs in more detail.
