B.C. currently has more natural gas than it can export. Demand from its only export market, the U.S., has dropped 16% over the past 5 years and are expected to decline further due to rising U.S. domestic supply. Canadian natural gas producers have set their sights on Asian markets as an alternative due to their growing energy demand and potential for higher prices. In China alone, the national demand is growing 5% annually. For its proximity to the Asian markets, British Columbia sees more export opportunities than most of its competitor in North America.
There are minimum of 14 proposed BC LNG projects with respect to the project infrastructure and the sourcing of natural gas for the facility with 7 licenses approved by the NEB. These projects are located mainly between Kitsault, Kitimat, Prince Rupert and Grassy Point, B.C. New pipeline infrastructure will be required to transport gas from producing regions in the northeastern part of the province, such as Montney, Horn River and Liard to the export facilities. The booming LNG sector in B.C. will benefit the province in many aspects. B.C.’s GDP is expected to grow to $116 billion as a result of natural gas investment.
We strongly believe NOW is a great time to target the upcoming LNG boom in the region.
The Global Chinese Financial Forum is presenting the inaugural LNG Investment Conference to raise awareness about the upcoming LNG boom among the Chinese business and investment community
. It will serve as a platform for the government and industry to converse with the Chinese community, and update them on the latest LNG development. Furthermore, Chinese investors will be introduced to related investment opportunities while experts enlighten them on the market trend and investment ideas.
Industry experts such as David Egan
, Partner at PwC and Keith Schaefer
, the Publisher of Oil & Gas Investments Bulletin, will enlighten the investors on how to take advantage of the exciting opportunities in the energy sector. We have selected 5 producers and service providers to present on their corporate updates and planning of the projects, providing further insight into the LNG development. Featured companies include Birchcliff Energy Ltd., Entrec Corporation, Highbank Resources Ltd., Painted Pony Petroleum Ltd. and Petrowest Corporation
. All the presentations will be available in both English and Chinese with consecutive interpretation. In addition to the presentations, there will also be a networking session for the attendees to exchange business ideas and investors to learn about investment opportunities from the senior management of the companies.
Event details, including conference agenda, venue and participation options, are shown at www.gcff.ca. For further inquiries, please contact Elaine Li at 604-488-8878 or Elaine@nai500.com.