Canada's cabinet to have final say on projects in new policy that will aid LNG plans

Monday, May 07, 2012

The Canadian government is setting legally binding deadlines on environmental reviews of oil and natural gas pipelines longer than 25 miles and transferring final authority to approve or reject projects to the federal cabinet from the National Energy Board.

Rick Margolin, manager, West region with Platts unit Bentek Energy, told an earlier Calgary conference that Canada needs to find new markets after being effectively forced out of the US, where exports are declining annually by about 600,000 Mcf/d, and Eastern Canada, which is preparing for imports of US shale gas.

"The world, and more specifically the markets in Southeast Asia need more gas," he said. "That happens to coincide well with the fact that Canada has more gas. Not only from a supply perspective, but from an infrastructure perspective, we think Canada is actually pretty well positioned to get that supply to future demand areas."

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