Woodside looking to join Canadian LNG boom  

Posted by Big Gav in , ,

The SMH has a report on the Canadian LNG boom - Woodside secures a slice of Canadian LNG boom. It will be interesting to see how many of the 10 proposed projects go ahead.

Woodside's proposal is one of more than 10 LNG export ventures proposed on Canada's Pacific coast, where cargoes are expected to target high-priced markets in Asia.

The government is assuming about five of the projects will get built, creating more than 39,000 annual jobs during a nine-year construction period, and 75,000 jobs once the plans are fully operational. Among the most advanced are the Kitimat LNG project between Apache and Chevron, and Shell's LNG Canada venture which involves LNG import giant Korea Gas Corporation, Mitsubishi and PetroChina.

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