Natural gas is abundant across Canada and with the global demand for natural gas expected to increase 46% by 2040, the Canadian natural gas industry has an opportunity to utilise its resource potential.
With numerous possibilities looming for the industry, Gastech Insights interviewed Scott MacLeod, Business Development Manager at Bechtel and a member of the Executive Advisory Board of the successful 2017 Canada LNG Conference and Exhibition.
Gastech Insights: In your opinion, how is the Canadian Government supporting the growth and development of the Canadian LNG industry?
Scott MacLeod: Canada and particularly the Provincial government of British Columbia (BC) have been working hard to bring Canadian LNG to the global market. Through the Premiere’s LNG working group, Bechtel has collaborated with LNG proponents, First Nations and the unions to share our experience and expertise with the province, particularly in support of their efforts to develop the emerging LNG industry sustainably. Canada is leading the way with such first-of-a-kind collaborations in the industry as the government implements the country’s vision to be a global leader in LNG supply.
Gastech Insights: Bechtel is a leader in the LNG industry having built 39 trains producing roughly 106 million metric tonnes per year over the years. Bringing more LNG projects to Canada introduces various opportunities to the country. What would you identify as a key benefit to the developments?
Scott MacLeod: The LNG industry creates jobs, opportunities for local business growth and long-term economic benefits. However, the effects of LNG development go beyond just Canada. Canadian LNG development will support global reduction of energy poverty in countries that currently do not have access to clean energy and will have a positive impact on the reduction of global greenhouse gas emissions.
Gastech Insights: How could external factors impact the performance of the Canadian LNG industry?
Scott MacLeod: The US, East Africa, the Middle East and Australia are all competing to lead for the next wave of LNG exports to the world economies. The key to the competition will be the delivered price of LNG to the consumer market. In order to be successful, the Canadian LNG industry needs to be timely in getting to market, agile and competitive on price.
Gastech Insights: What did you enjoy most about at the 2017 Canada LNG Conference and Exhibition?
Scott MacLeod: Canada LNG was a great event and we were really interested in continuing the conversation with all the relevant stakeholders, as we work together to make Canada’s vision for the LNG export industry a reality.