first_imgThe Globe says the alliance is arguing that it’s in the interest of the nation to launch LNG sales to Asia and reduce Canada‘s dependence on energy exports to the United States. The alliance sent a letter recently to the House of Commons Standing Committee on Finance in hopes that Ottawa will move on the idea when the next federal budget is tabled by the end of March. LNG export plants are viewed under existing Canadian rules as distribution businesses, resulting in less favourable tax treatment than manufacturers. – Advertisement -The alliance’s four members are Kitimat LNG, the Pacific NorthWest LNG project led by Malaysia‘s state-owned Petronas, Shell Canada Energy-led LNG Canada and BG Group’s Prince Rupert LNG. The Canadian units of Chevron Corp. and Apache Corp. co-own Kitimat LNG, though Apache will be exiting the joint venture, leaving Chevron to find a new partner. You can read the entire Globe and Mail article here.Advertisement With files from The Globe and Mail and The Canadian Presslast_img

The Globe and Mail: LNG alliance wants feds to define terminals as manufacturing operations

Leave a Reply

Your email address will not be published. Required fields are marked *