UNITED STATES EMERGING AS MOST ATTRACTIVE LNG SUPPLIER TO ASIAN MARKETS
Wednesday 7 October 2015, Singapore: Recent reports by the International Energy Agency note that Canada will fail to have any liquefied natural gas (LNG) export projects up and running before 2020, paving the way for United States suppliers to dominate.
Goals for British Columbia to secure final investment decision (FID) approvals for three plants was deemed highly unlikely, and the report highlighted the lack of agreement hinged around factors including feedstock gas supply fields and the export terminals being supplied. Canada is presently competing with LNG projects in the United States that already have the distinct advantage of being developed around existing gas infrastructure, which reduces capital expenditure and makes permitting easier to secure.
New greenfield and established brownfield projects all across the United States are progressing fast with their development towards exports, which most experts agree will amount to more 60 million tonnes per annum (mtpa) of LNG by the year 2024, making the United States the third largest exporter in the world – previously a net importer until barely 24 months ago. However, opportunities for Canada still remain if it acts fast and the federal government can form a consensus view to grant approval for export projects that could be sited on either the west or east coast of the country.
In three weeks’ time, the world’s largest gas and LNG event will bring together the project leaders and prospectors developing north American LNG exports to Asia – at the Gastech International Conference & Exhibition, being held in Asia’s business epicentre; Singapore, on the 27-30 October. Welcoming 2,000 senior delegates and VIPs, with more than 20,000 exhibition visitors, the event is considered the world’s most important event to develop business through the natural gas &LNG value chains and will be critical for both American and Canadian project developers to attend.
As the United States and Canada compete for multi-billion dollar LNG contracts, leading figures from both countries will be present to meet and develop business with major Asian consumers from Japan, Korea, China, Taiwan, India, and the emerging markets of southeast Asia.
VIPs and leading speakers setting out the case for north America’s LNG supply advantage will include; Robert Franklin, President of ExxonMobil Gas & Power Marketing; Pierre Breber, Executive Vice President of Chevron Gas & Midstream; Governor William Walker, State of Alaska; the Hon. Rich Coleman, Deputy Premier of the Government of British Columbia; the Hon. Michel Samson, Minister for Energy of Nova Scotia; plus a wealth of leading chief executives representing US LNG projects including: Jordan Cove LNG, Annova LNG, Delphin LNG, Texas LNG, Golden Pass and more.
Gastech Conference & Exhibition is hosted by BG Group. The event is also supported by the Energy Market Authority (EMA) Singapore, International Enterprise (IE) Singapore and the Singapore Exhibition & Convention Bureau (SECB), and will be held in association with the Singapore International Energy Week (SIEW).
For further information or to register visit www.gastechsingapore.com/conference