@GPA Midstream: LNG Exports Could Relieve Canadian Gas Pinch

By CT2 Staff17 April 2018

Canada needs LNG exports to offset its shrinking market in the U.S., the president of Gas Processing Association Canada said on Tuesday.

Greg Bury, of Keywest Projects Ltd., Calgary, spoke at the GPA Midstream Association’s annual meeting in Austin, Texas.

He said 53% of Canada’s gas production is exported to the United States, where it comprises 11% of gas supply. Bury said Canada’s exports are being backed out by growing U.S. production.

“We need to build LNG export facilities in Western Canada,” he said, adding that “Canada is closer than most global LNG export facilities to the large Asian gas market.”

Bury said the gas industry’s best hope appears to be a C$40 billion LNG export project proposed for Kitimat, British Columbia. Shell, which is leading an industry partnership, is expected to make a final investment decision later this year.

Meanwhile, Asian gas markets are changing. Adam Valentine, of Freeport LNG Development, said the 30 Asian LNG buyers in 2015 were mostly gas utilities and large manufacturing firms. Now there are many additional, smaller buyers demanding more flexible supply contracts.

Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Mike Brezonick
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Pete Ballistrieri Sales Manager Tel: +1 262 754 4131 E-mail: pete.ballistrieri@khl.com
Latest News
World gas prices hit record levels
Rebound from record lows seen in the summer of 2020
Rotating Machinery Services buys ATS
ATS offers experienced technical field advisors, rotating equipment planners & schedulers for turbine, compressor and generator repair
Cooper launches ESG initiative
Cooper proactively invests in comprehensive social programs across its global operations