Just a moment, LNG from Yamal must be transported by LNG ships that can survive in Arctic waters (very expensive), are reloaded at a terminal in North-Western Europe onto a normal vessel (cheaper but the reloading is not cheap) and this LNG is touted to be among the cheapest on the market and USGC LNG that goes through Panama is supposed to be expensive because of – Boil-Off? We seem to be on a warpath with the facts. LNG Canada will only force USGC projects to be leaner and more competitive. Which they can if they want to.
Now that Shell and its partners in the $31 billion LNG Canada project have decided to proceed with the investment on Canada’s West Coast, it could become more difficult to make the economic case for greenfield LNG export proposals on the U.S. Gulf Coast.