From Tyler Edgington, director of feedstocks at Dow Chemical Canada ULC, in Business in Vancouver:
It is inevitable that significant LNG exports will lift natural gas prices, says an official from an industry whose feedstock price is determined by gas prices.
The National Energy Board has issued licences allowing up to 18 billion cubic feet (bcf) per day of natural gas to be liquefied for export, even though production is only 13-14 bcf a day, said Tyler Edgington, director of feedstocks at Dow Chemical Canada ULC. …
“How do you say that’s not going to have an impact on gas prices?” Edgington told the Canadian Energy Research Institute’s 2014 gas conference on Tuesday. …
While recognizing that Canadian producers need new markets, he argued that “over-exporting natural gas is going to benefit a few companies. Producers will be happy – there’s going to be some liquefaction facilities and there’s going to be some Asian buyers. But every one of us as a gas consumer is going to feel the impact. And there’s going to be some industrials that don’t expand or potentially are going to relocate.”
B.C. is aggressively pursuing the export of any kind of carbon it can dig up, pipe, ship and sell: LNG, bitumen, oil and coal. And in the case of natural gas, the result could be higher costs to the consumer, the loss of some industrial expansion or its relocation.
And, of course, the abandonment of any pretext that we will meet our carbon targets – or even give a damn.
Yes, there are the taxes we place on the resource – which we then use in this region, as announced by the Premier, to build more road-based infrastructure, remove the tolls on the Port Mann Bridge and lock ourselves into Motordom, thereby increasing our carbon footprint.
Or am I missing something?
