Crowded Liquefied Natural Gas News

A  Canadian company jumped into British Columbia's crowded liquefied natural gas (LNG) export fray with a plan to build a $30 billion terminal on Vancouver Island. Steelhead LNG said it applied to Canadian regulators for permission to export up to 30 million tonnes of LNG a year for 25 years, joining a list of fourteen companies vying to build projects in the Pacific Coast province. The National Energy Board has already approved export licenses for nine projects in British Columbia. With Steelhead, it has five more under review, as global and domestic companies scramble to build the facilities needed to ship cheap Canadian gas to energy-hungry Asian markets. "It is a competitive market.