About $1 billion of the total write-down was due to copper projects in Chile and revisions to the long-term price outlook.
Liquefied Natural Gas Mining News
Canada’s National Energy Board (NEB) has recommended approval of the $1.7 billion North Montney Mainline Project, effectively moving Petronas one step closer to making a positive final investment decision (FID) on the Pacific NorthWest LNG (PNW LNG) project.
The B.C. government’s annual three-day LNG Conference opened May 21 in the shadow of an announcement that Russia had signed a $400 billion, 30-year deal to supply natural gas to China – one of B.C.’s hoped for long-term liquefied natural gas customers.
Under the plan, elementary school students will be introduced to hands-on learning earlier; education and training will retooled to "better match in-demand jobs."
Together with other four key industries, gas could add $250 billion to the economy over the next two decades, shows a new study.
The province has also announced a two-tier income tax on the LNG industry.
"24 million tonnes of super-cooled gas per year, or just over three billion cubic feet a day."
As the world's largest importer of liquefied natural gas, this could have implications for the sector.
When 'industry does a poor job of talking to people ... bad info fills the void,' conference panellist says.
The spot LNG market is growing, and fast.
Companies involved in the LNG industry will be able to get royalty credits for the pipelines and roads they build – but only after the projects are completed.