Canadian LNG export plans move forward slowly despite incentives
Thursday, 12 April 2012
Canadian LNG export projects involving local and global energy players are slowly gathering momentum for exports to Asian markets to begin by 2016 or later, though the first project off the blocks has delayed its final investment decision.
Mitsubishi Corp. of Japan, meanwhile, is building up its equity positions in potential Canadian LNG exports.
The Japanese company recently made an investment in EnCana Corp.'s Cutback Ridge gas play in northern British Columbia. It is also busy carrying out feasibility studies as it's already involved with Royal Dutch Shell in another Canadian LNG project.
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