The world of LNG and the Benefits to BC
There’s a lot of confusing information floating around about LNG (Liquefied Natural Gas) and about whether BC should be one of the world’s key sources and suppliers of it. We’ll try in our LNG 101 pages to paint a clear picture (and bust a few myths).
Are LNG exports of benefit to BC? Are they of benefit to the world’s climate? Is LNG a plus when it comes to heading toward the low-carbon economy that politicians keep talking about? Find out the answers to these questions, and more…
Benefits to the world’s climate
LNG and the low-carbon future
What is natural gas?
What is LNG?
All about methane
Where is natural gas found?
About fracking, and safety
How do LNG projects get approved?
Who else is in the market?
LNG’s benefits to BC
The benefits of LNG projects under development in BC will reach throughout the province’s entire economy – right into downtown Vancouver and Victoria, as well as to elsewhere in Canada.
The picture from the big LNG Canada project coming to Kitimat:
An estimated 4,500 people employed during construction;
Some 300 to 450 people employed at the plant during operations of the first phase, increasing to 450-800 people for the proposed full project;
Substantial indirect jobs, and opportunities for BC businesses and suppliers;
Significant and continuing tax revenue to the local community and provincial government – supporting social projects like hospitals, recreational facilities and schools, and ensuring local infrastructure is well maintained;
Hundreds of millions of dollars in benefits to First Nations communities and people along the route of the Coastal GasLink pipeline that will carry natural gas to the plant at Kitimat;
Spin-off benefits will benefit the entire province, and extend to elsewhere in Canada.
And that’s just one of the projects on the agenda in BC. Woodfibre LNG on Howe Sound expects to start construction this year (2019). Kitimat LNG is in the planning stages. Steelhead LNG has suspended plans for the Kwispaa LNG export terminal on Vancouver Island, and is focusing on a potential natural-gas pipeline from northeast BC to the Island
(Almost a dozen other projects are being considered, but are nowhere near as advanced as the ones above.)
In BC, natural gas is a publicly owned resource, and businesses must obtain permits to extract, process and sell the gas. These companies pay royalties to the government for the right to do this. In addition, businesses also pay taxes on their revenues and many of their activities. These taxes can be used to support public services including education and healthcare, and community programs.