10 business elite canada
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SEPT/OCT 2014
B.C.’s production, this means higher royalties,
revenues, and GDP.
“It’s a significant contribution, not only to
B.C.’s GDP, but Canada’s GDP— in the billions
of dollars,” Mr. Coleman said.
One liquefied natural gas (LNG) plant in the
province can net about $75 billion or more in
capital investment, in addition to the actual
movement of the product. And natural gas
in its relatively new liquefied form facilitates
easier international shipment. The minister
stressed that natural gas supply industry in B.C.
is no longer just a player in the provincial or na-
tional marketplace, but it is now competing in
a global marketplace, offering a global product.
He says the province is already energy self-suf-
ficient. B.C. manages the grid that moves elec-
tricity powered by its natural gas production to
other markets north and south of the United
States border and into Alberta.
Each of the proposed LNG projects will be an
investment of approximately $20-25 billion if
taken to what is known in the industry as the
