Page 7 - GLNG Week 12 2023
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GLNG COMMENTARY GLNG
a plan to reach net zero by 2030. French utility Engie to buy LNG from NextDec-
British Columbia has caught the eye of LNG ade’s Rio Grande facility.
developers, with the majority of the proposed 18 However, following NextDecade’s decision to
LNG export facilities found in Canada’s west- source 100% certified Responsibly Sourced Gas
ern-most province. However, currently, only the (RSG) for the Rio Grande Texas LNG export ter-
Shell-led LNG Canada facility north of Vancou- minal, Engie re-engaged and agreed to a 15-year
ver is under construction. The Cedar LNG facil- contract last year. The gas was certified by Den-
ity in Kitimat received environmental approval ver-based Project Canary.
in March, while the Ksi Lisim LNG export pro- With LNG projects increasingly finding
ject near Prince Rupert has received the green financing difficulties over environmental stand-
light to enter environmental review. ards, RSG, with its independent third-party ver-
LNG purchase deals have also fallen through ification that high environmental standards have
in the past over concerns of elevated emissions been met throughout the entire process could
associated with US shale. In 2020, the French unlock financing for potential LNG projects that
government nixed a $7bn 20-year deal for are struggling to proceed past FID.
Week 13 30•March•2023 www. NEWSBASE .com P7
