LNG Info Kits: Now Available!

For interesting facts about LNG in B.C., download the new LNG Information Kits today.

LNG-Poster-12-1

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LNG Income Tax Bill

A comprehensive and competitive income tax applicable to the LNG industry gives proponents the certainty they need to make investment decisions.

Bill 6, the Liquefied Natural Gas Income Tax Act, was introduced in the B.C. legislature on October 21, 2014.

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LNG Income Tax website

 

World's Cleanest LNG Facilities

British Columbia has developed greenhouse gas requirements for liquefied natural gas facilities that lead the world in reducing climate pollution and make the cleanest burning fossil fuel even cleaner.

The centrepiece of the plan is a greenhouse gas emissions intensity benchmark that is lower than any other LNG facility in the world. As well, companies will have flexible options to reach this world-leading benchmark, including purchasing offsets and contributing to a technology fund.

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PowerPoint

 

What is LNG?

LNG is natural gas chilled to -160 degrees Celsius so that it can be converted into a liquid form. LNG takes up much less space compared to its gaseous state - approximately 1/600th less than natural gas. Once liquefied it can be loaded on to specially equipped ships and transported overseas for sale into export markets.

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How will it boost job creation?

As the LNG industry develops, it will create jobs all over the province.

These jobs will include direct and indirect employment during the construction phase as well as long-term operations. In 2013, the Province commissioned an independent analysis of the potential employment benefits created by LNG development in British Columbia.

This analysis was conducted by Grant Thornton. Employment projections were created using information about the natural-gas sector provided by the provincial government as well as Grant Thornton's own assumptions about development.

Grant Thornton concluded that an LNG industry in B.C., based on five plants operating by 2021, could create more than 39,000 annual jobs over a nine-year construction period and approximately 75,000 jobs once the plants were fully operational - more than 100,000 jobs in total.

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Why is it a better alternative?

The need for energy is increasing globally, particularly in emerging Asian economies. Natural gas − the world's cleanest burning fossil fuel − is able to accommodate the demand. In fact, world-wide demand for LNG is projected to increase two-and-a-half times over the next 20 years.

British Columbia is well-positioned to meet this need, with the competitive advantages to become a leading contender for LNG growth and export, including an abundant supply of natural gas which can support economic activity in the province for over 150 years.

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