Canada expects to start LNG exports from late 2014: energy minister
Tokyo (Platts)--18Sep2012/543 am EDT/943 GMT
Five LNG projects to be developed on Canada's West Coast could be in
service between late 2014 and 2019, the country's federal energy minister Joe
Oliver said Tuesday at a Canadian Natural Resources Regulatory Seminar held
"Quite frankly, Canada is at the forefront of natural gas revolutions,"
Oliver said. "But the relevance of Canada's gas reserves in the total market
is more than scale. It's also geography. LNG tankers from Canada's Pacific
North West reach the Pacific Basin LNG market in as few as 11 days."
"This is faster than from the Middle East or Africa. LNG development in
Canada's West Coast already attracts interests from Pacific nations including
Japan, Korea and China," he said.
Based on the projects proposed, the country could have export capacity
of 9 Bcf/d of natural gas, equivalent to 66 million mt/year of LNG, he said.
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He specifically mentioned the planned LNG Canada project -- a joint
venture between Shell, Korea Gas, Mitsubishi and PetroChina. The project was
formally announced in May and would be sited at the British Columbia
deepwater port at Kitimat.
"LNG Canada will have a capacity to export 24 million mt of LNG per year
to Asian markets," he said.
Additional LNG export terminals and related pipeline infrastructure are
being proposed for the Prince Rupert area also on the coast of the province
of British Columbia, said Oliver referring to a recent announcement from
Spectra Energy about developing a 4.2 Bcf/d natural gas pipeline or 31
million mt/year LNG export facilities in the port of Prince Rupert.
"A key strategic objective for Canada is to diversify its energy
markets, particularly to the Asia-Pacific region where demand is increasing,"
Oliver said in a separate speech.
Oliver said that Japan, as the world's largest LNG importer, should have
a particular interest in Canada, where "there are up to 1,300 trillion cubic
feet, or 37 trillion cubic meters in natural gas resources, which will
undoubtedly increase as we discover more shale gas and offshore resources."
"For Canada, these LNG projects mean opportunities to expand and
diversify our export markets," Oliver said. "For Japan, they mean a safe
reliable source of liquefied natural gas for decades to come."
Oliver is also scheduled to visit South Korea over September 20-21,
following his trip to Japan, where he is representing Canada Wednesday at the
LNG Producer-Consumer Conference in Tokyo.
--Edited by Martin O'Rourke, email@example.com