Financial Post | Business

“I can’t think of another town in North America — certainly in Canada — that has the ‘optionality’ of the Prince Rupert area. It’s a town of only 13,000 people, and $15-billion could get spent here in the coming seven years”

The liquefied natural gas countdown is on in Canada.  Within weeks, there are three major catalysts happening that could reshape the entire economy and labour market of western Canada:

  • The British Columbia government outlines its fiscal regime for LNG
  • The environmental assessment for the Petronas’ LNG facility in Prince Rupert will be issued
  • The Malaysian national oil company Petronas is widely expected to give a positive final investment decision to build North America’s first greenfield LNG export terminal at Prince Rupert.

I spent three days in Prince Rupert in mid-August to get a first-hand look at the leading sites, and I also drove two hours along the Skeena River…

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