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Low prices, LNG uncertainty add to frustration levels for natural gas producers

From cbc.ca

Greg Kist admits he was burned out when he resigned as president of Pacific NorthWest LNG at the end of 2014, as the Vancouver-based venture led by Malaysian energy giant Petronas advanced its ill-fated mission to build a liquefied natural gas project in B.C. "I needed to decompress," the 57-year-old gas industry veteran says of his decision to return to his home and family in Alberta. Once hailed as a voracious new consumer of western Canadian natural gas, the nascent LNG industry was staggered by project delays and all but halted by declining global price trends, leading to Petronas cancelling its project in 2017. ... (full story)

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  • Category: Fundamental Analysis