[Stingray2004]

The scale of northwest BC coast lng proposals is potentially phenomenal:

B.C. poised for global prominence as liquid natural gas exporter

Conference Board sees natural gas pumping $940 billion into Canadian economy

By Scott Simpson,
Vancouver Sun
December 17, 2012


British Columbia could emerge as the world's second largest exporter of liquid natural gas if all its proposed LNG projects are developed, a Conference Board of Canada report suggests.

The report's projections don't encompass all of the possible LNG projects that have been bruited about in B.C., including joint ventures involving Apache Resources, Encana, EOG Resources, Shell Canada, Petronas, and their respective partners, for export production by 2021.

Japan, Korea and Taiwan are the primary markets for LNG, with emerging demand in China and India expected to comprise a third of Asian demand by 2025.

"Although Canada does not currently export LNG, efforts to develop new markets for Canadian natural gas have provided new momentum for projects targeting LNG exports to Asian countries," the report said.

"This report does not assume that all projects will proceed. If that were to happen, Canada would go from no LNG exports to being the second largest LNG supplier in the world over a very short period."

Even if just 60 per cent of B.C.'s potential is realized, the natural gas industry will contribute a cumulative total of $940 billion to Canada's economy by 2035 through gas production and investment in new capacity - including $364 billion in real GDP growth.

The sector will support 130,000 jobs and generate $24.5 billion in economic activity (in 2012 dollars) per year across Canada. B.C. will attract the single largest provincial share of investment in new capacity, according to the report.

Oilsands processing and gas-fired electricity generation will absorb an "increasing" share of the gas Alberta continues to produce.

Meanwhile, "British Columbia is expected to experience the most investment of any province in Canada as shale gas development proceeds and as LNG export projects are realized," the report said.

British Columbia (by 2035) stands to experience $140 billion in investment - more than $5.8 billion per year on average.

http://www.vancouversun.com/business...#ixzz2FLAcDfkk

Investment in Canada’s natural gas sector set to rival the oil sands

By Yadullah Hussain,
Financial Post
December 17, 2012

Canada’s natural gas sector could emerge as an investor magnet surpassing interest in the oil sands over the next two decades, The Conference Board of Canada forecasts show.

Natural gas could attract as much as $386-billion in investments by 2035 and create 3.2 million person-years of employment (or an average of 131,460 jobs annually), says the Conference Board of Canada in a new report. This compares to $364-billion investments expected in the oil sands and equal job growth during the period, according to an earlier Board study.

The investment surge in natural gas will generate $940-billion in direct and indirect economic growth, including $364-billion directly to the country’s GDP over the forecast period, the Board said in a report published Monday.

British Columbia will lead the natural gas investment charge, attracting $181-billion, with Alberta garnering $154-billion from 2012-2035, the Board estimates.

While Alberta and B.C. will rake in majority of the natural gas royalties, taxes and revenues, Ontario and Quebec will also see their manufacturing industries benefit from the boom’s trickle-down effect.

http://www.ottawacitizen.com/busines...#ixzz2FLBWrHAX