Title: A Changing Tide: British Columbia’s Emerging Liquefied Natural Gas Industry
Author: Len Coad, Daniel Munro, Prince Owusu, & Allison Robins
Publisher: The Conference Board of Canada.
Date: February 29, 2016
Summary:
A Changing Tide: British Columbia’s Emerging Liquefied Natural Gas Industry quantifies the potential economic and labour market impacts associated with a 30 million tonnes per annum liquefied natural gas (LNG) industry in British Columbia. The development of this size of industry would result in the production of an additional five billion cubic feet per day of natural gas, approximately doubling 2014 production levels.
The report expects that the total annual spending across the upstream, midstream, and downstream sectors will average $6.9 billion. The industry would increase national employment by an average of 65,000 jobs, 46,800 of which would occur in British Columbia. The findings in this report, however, are subject to uncertainty, as none of the 21 proposed projects have entered the construction phase, with many still attempting to obtain required government and investor approval.
