• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas September 21, 2023
Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote September 20, 2023
Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds September 20, 2023
Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP September 20, 2023
‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak September 19, 2023
Next
Prev

Woodfibre LNG Approval More Likely a One-Off, Not a Trend: Analysts

November 28, 2016
Reading time: 2 minutes

Wikimedia Commons

Wikimedia Commons

 
Wikimedia Commons
Wikimedia Commons

The recently-approved Woodfibre liquefied natural gas (LNG) export project is more likely to be a one-off development than the start of the development boom critics have feared, and on which British Columbia Premier Christy Clark has largely staked her political future.

“It is the first of more than a dozen LNG projects proposed for British Columbia to get the final go-ahead,” Reuters reported earlier this month. “But analysts say Woodfibre is unlikely to herald an investment surge from other developers given the challenging economics of an oversupplied LNG market.”

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

Wood Mackenzie analyst Dulles Wang said the two other companies behind upcoming LNG decisions, Petronas and Royal Dutch Shell, both have to wait for a go-ahead from the private investors that are backing them. “Woodfibre is a private company, they are funding this project by themselves, and they are not looking to the debt or equity markets for financing.”

Further decisions may well be shaped by a persistent slump in global natural gas prices. “The biggest hurdle facing both of them is still cost and oversupply,” said analyst Chris Cox of Raymond James. “Given how oversupplied the LNG market is, it’s tough to make the economics work for a project of that size.”

And according to a Reuters report from the London Business School’s 13th Global Energy Summit, that barrier may not clear anytime soon. Angela Hepworth of EDF Energy said she saw a promising future for natural gas because “gas capacity is not low-carbon, but it is very flexible.” But Tara Schmidt, principal consultant at Environmental Resources Management, said that (apparent) advantage may be offset by the rise of affordable renewable energy and energy storage.

“The big question for gas is if we’re going to see that golden age of gas, as the IEA called it so many years ago, or if we’re actually going to see gas impacted as we’ve seen in some markets for renewables growth, and also from energy storage as technology starts to advance,” Schmidt told participants.



in Energy / Carbon Pricing & Economics

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

CoCreatr/Flickr
Buildings & Infrastructure

Net-Zero Depends on Household Power Production, Energy Exec Argues

September 14, 2023
141
Pierre Poilievre/Facebook
Energy Politics

Poilievre Could Dial Back Canada’s Climate Gains, Globe Editorial Warns

September 12, 2023
501
Scott Beale/flickr
Energy / Carbon Pricing & Economics

What If Carbon Taxes Applied to Shareholders, Rather Than Consumers?

September 11, 2023
123

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

UN Climate Change/flickr

BREAKING: Don’t Attend COP 28 Unless You’re There to Help, Figueres Tells Oil and Gas

September 21, 2023
404
Kristoferb/Wikimedia Commons

Canadians Could Save $10.4B, Cut Climate Pollution by Replacing Central Air with Heat Pumps

August 28, 2023
810
/Piqusels

‘Beginning of the End’ for Oil and Gas as IEA Predicts Pre-2030 Peak

September 19, 2023
469
Asurnipal/wikimedia commons

Agrivoltaics a Win-Win for Farmers, Communities, Solar Developers, and Alberta’s UCP

September 20, 2023
171
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
592
Rennett Stowe/flickr

‘I’ve Been Ghosted,’ Rural Mayor Says, as Alberta Towns Push Back on Renewables Moratorium

September 8, 2023
1.9k

Recent Posts

Rewat Wannasuk/Pexels

Virtual Power Plants Could Cut Peak Demand 20%, Save U.S. Grid $10B Per Year

September 20, 2023
95
Jeremy Bezanger/Unsplash

Indoor Heat Leaves Canadians Unsafe with ‘No Escape’, CBC Investigation Finds

September 20, 2023
62
Wesley Fryer/flickr

Smart Thermostats Boost Grid Stability Amid Intense Heat

September 20, 2023
45
Cullen328/wikimedia commons

Manufactured Housing Could Dent the Affordable Housing Crunch with Energy-Efficient Designs

September 20, 2023
120
Mr Renewables/Wikipedia

Californians Fight for New Community Solar Plan

September 20, 2023
106
Plug'n Drive/Wikimedia Commons

Rural Carshares Ensure EV Push Leaves No One Behind

September 20, 2023
39
Next Post

Heat hits wheat yields per field

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}