LNG industry on the ropes?

They may not be letting onto it in the press, presenting a nonchalant and confident face to the people of the province.

They may not be letting onto it in the press, presenting a nonchalant and confident face to the people of the province, but if Christy Clark and Rich Coleman aren’t worried about the fate of the LNG industry in B.C. then they are either the most pompous individuals in the country or they are simply clueless.

In the past several months, rather than good news item after good news item coming ahead of the end of 2014, word from proponents of multi-billion dollar export terminals has been increasingly negative. In the last three months, Apache pulled out of the Kitimat LNG project, Petronas threatened delay of the Pacific NorthWest LNG project and just last week the BG Group announced it was “pushing pause” on its Ridley Island terminal.

When a single company raises questions about the viability of an LNG export terminal, it is fairly easy to dismiss it as an issue with that company. But when three separate companies behind arguably the three largest LNG projects all indicate this may not be the time to dip their toes into the B.C. energy export pond, that’s a sign of an issue with the industry itself.

Coupled with dropping gas prices, competition from our neighbours to the south, the high cost of construction relative to other areas and an expected influx of new supply, B.C. could be left out in the cold.

While there may be some here on the North Coast and throughout the province who would welcome the departure of the industry, those people need to look at the bigger picture and wake up to reality.

If you want to see the LNG industry fail, then you better find a viable substitute that would create countless spinoff businesses that are going to pickup the tax tab to keep the services we all enjoy so much running smoothly and in perpetuity.

Or, in the alternative, prepare to either lose those services or cough up a lot more when it comes to tax time.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Hays Creek in Prince Rupert requires more than $1.5 million to repair the creek and walls built in the 1950s and 1960s, Prince Rupert City Council heard on Jan. 25. (Photo: K-J Millar/The Northern View)
Prince Rupert City Council briefs:

More than $1.5 million needed to restore Hays Creek in Prince Rupert

Staff at Acropolis Manor, a Prince Rupert long-term health care facility in April 2020 where no cases of COVID-19 were reported until an outbreak on Jan. 19, 2021. As of Jan. 25th, 32 people associated with the residence have tested positive for the virus. (Photo: K-J Millar/The Northern View)
Staff at Acropolis Manor a Prince Rupert long term health care facility, take pride in their work place that no COVID-19 cases have been reported in the facility during the pandemic.This photo taken, April 20, from outside, looking through a window shows staff adhering to strict protocols and best practices to keep residents happy and healthy. (Photo: K-J Millar/The Northern View)
COVID-19 numbers increase at Acropolis Manor – 32 infected

Prince Rupert man concerned about temp. staff from out of region working at long-term care facility

Ken Veldman vice president, public affairs and sustainability, at Prince Port Port Authority on Jan. 21 addressed local employers in an online presentation about a new community recruitment program to attract employees to Prince Rupert. (Photo: K-J Millar/The Northern View)
New recruitment campaign to be launched in Prince Rupert

Web platform will use community collaboration to attract new employees to Prince Rupert

People skate on a lake in a city park in Montreal, Sunday, January 10, 2021. THE CANADIAN PRESS/Graham Hughes
The end of hugs: How COVID-19 has changed daily life a year after Canada’s 1st case

Today marks the one year anniversary of COVID-19 landing in Canada

Wet’suwet’en supporters and Coastal GasLink opponents continue to protest outside the B.C. Legislature in Victoria, B.C., on Thursday, February 27, 2020. THE CANADIAN PRESS/Chad Hipolito
‘We’re still in it’: Wet’suwet’en push forward on rights recognition

The 670-km Coastal GasLink pipeline was approved by B.C. and 20 elected First Nations councils on its path

Dr. Penny Ballem, a former deputy health minister, discusses her role in leading B.C.’s COVID-19 vaccination program, at the B.C. legislature, Jan. 22, 2021. (B.C. government)
B.C. holds steady with 407 new COVID-19 cases Tuesday

14 deaths, no new outbreaks in the health care system

This 2020 electron microscope image provided by the National Institute of Allergy and Infectious Diseases - Rocky Mountain Laboratories shows SARS-CoV-2 virus particles which cause COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in a lab. THE CANADIAN PRESS/AP, NIAID-RML
B.C. ramping up screening for faster-spreading COVID-19 ‘variants of concern’

B.C. has sequenced about 11,000 COVID-positive samples since last February

A Cessna 170 airplane similar to the one pictured above is reported to be missing off the waters between Victoria and Washington State. Twitter photo/USCG
Canadian, American rescue crews searching for missing aircraft in waters near Victoria

The search is centered around the waters northeast of Port Angeles

Keygan Power with brother Quintin and mom Allison while camping the weekend before Keygan’s brain hemorrhage on Aug. 2, 2020. (Photo Allison Power)
B.C. teen ‘locked inside,’ battling to regain speech after severe brain bleed

16-year-old suffers traumatic loss of function, still plays a mean game of chess

Jonathon Muzychka and Dean Reber are wanted on Canada-wide warrants. (Courtesy of Victoria Police Department)
Convicted killer, robber at large after failing to return to facility: Victoria police

Dean Reber, 60, and Jonathon Muzychka, 43, may be together

B.C. Premier John Horgan listens during a postelection news conference in Vancouver on Sunday, Oct. 25, 2020. THE CANADIAN PRESS/Darryl Dyck
30% of B.C. recovery benefit applications held up in manual review

The province says 150 staff have been reassigned to help with manually reviewing applications

Adam Dergazarian, bottom center, pays his respect for Kobe Bryant and his daughter, Gianna, in front of a mural painted by artist Louie Sloe Palsino, Tuesday, Jan. 26, 2021, in Los Angeles. (AP Photo/Jae C. Hong)
Kobe Bryant’s presence remains strong a year after his death

Tuesday marks the grim anniversary of the crash that took their lives

Surrey RCMP are investigating after a pedestrian was struck and killed at 183 Street and Highway 10 Friday night. (File photo)
Modelling of predicted transmission growth from the B117 COVID-19 variant in British Columbia. (Simon Fraser University)
COVID-19 variant predicted to cause ‘unmanageable’ case spike in B.C: report

SFU researchers predict a doubling of COVID-19 cases every two weeks if the variant spreads

Most Read