U.S. emerging as most attractive LNG supplier to Asian markets
Recent reports by the International Energy Agency note that Canada will fail to have any LNG export projects up and running before 2020, paving the way for U.S. suppliers to dominate.
Canada is presently competing with LNG projects in the U.S. that already have the distinct advantage of being developed around existing gas infrastructure, which reduces capital expenditure and makes permitting easier to secure.
New projects across the U.S. are progressing fast with their development towards exports, which most experts agree will amount to more than 60 MMt/annum of LNG by the year 2024, making the U.S. the third largest exporter in the world. However, opportunities for Canada still remain if it acts fast and the federal government can form a consensus view to grant approval for export projects.
In three weeks’ time, the world’s largest gas and LNG event will bring together the project leaders and prospectors developing North American LNG exports to Asia—at the Gastech Conference & Exhibition in Singapore. The event is considered the world’s most important event to develop business through the natural gas and LNG value chains and will be critical for both American and Canadian project developers to attend.
Multi-billion-dollar contracts
As the U.S. and Canada compete for multi-billion-dollar LNG contracts, leading figures from both countries will be present to meet and develop business with major Asian consumers from Japan, Korea, China, Taiwan, India and the emerging markets of southeast Asia.
VIPs and leading speakers setting out the case for North America’s LNG supply advantage will include: Robert Franklin, president of Exxon Mobil Gas & Power Marketing; Pierre Breber, executive V.P. of Chevron Gas & Midstream; Governor William Walker, State of Alaska; the Hon. Rich Coleman, Deputy Premier of the Government of British Columbia; the Hon. Michel Samson, Minister for Energy of Nova Scotia; plus leading chief executives representing U.S. projects including: Jordan Cove LNG, Annova LNG, Delphin LNG, Texas LNG, Golden Pass and more.
Gastech Conference & Exhibition is hosted by BG Group. The event is supported by the Energy Market Authority (EMA) Singapore, International Enterprise Singapore and the Singapore Exhibition & Convention Bureau, and will be held in association with the Singapore International Energy Week.
