LNG Canada, country’s $40-billion ‘second chance’ at becoming a global LNG leader, takes shape

LNG Canada, country’s $40-billion ‘second chance’ at becoming a global LNG leader, takes shape

On a drizzly stretch of B.C. coastline at the head of the Douglas Channel, Canada’s first natural gas export terminal is taking shape.

The sprawling site on the traditional territory of the Haisla Nation teems with more than 5,000 construction and trades workers, working around the clock to bring the $40-billion Shell Plc.-led LNG Canada terminal to completion.

The latest piece of the puzzle: a colossal 3,000-ton Baker Hughes compressor that arrived in Kitimat by boat from Italy on Sep. 20, the first of four that will form the powerful jet engine of the terminal’s liquefaction process. Its arrival puts the project — and the country — one important step closer to seeing the first cargo of liquified natural gas depart from its shores.

Already more than 70 per cent complete, LNG Canada could be operational by the middle of the decade and promises to unlock the full economic potential of Canada’s rich gas reserves for the first time.

It’s a change that will take some adjusting to in the oilpatch. Despite being the fifth-largest supplier of natural gas in the world, Canada’s energy sector has long seen its production hemmed in by pipeline constraints and market conditions in the U.S.

Once it is operational, LNG Canada will be a major export terminal for liquified natural gas from the West Coast. Requiring a massive infrastructure lift, including the largest tank built for LNG in the world (2nd only in size to a tank built for imports in Southeast Asia) pic.twitter.com/n2B4yl8J2G— Meghan Potkins (@mpotkins) September 29, 2022

LNG Canada, country’s $40-billion ‘second chance’ at becoming a global LNG leader, takes shape (msn.com)