ARTICLE
19 February 2015

BC’s LNG Market Relative To Low Price Of Oil

CW
Clark Wilson LLP

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Clark Wilson is a multifaceted law firm based in Vancouver, BC with a strong track record of being highly integrated into our clients’ businesses. Known for our industry insight, entrepreneurial culture and strategic networks, we actively seek to connect our clients with the people, resources and solutions they need to succeed.
Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil.
Canada Energy and Natural Resources

Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil. David explains that the price of LNG is calculated based on the price of oil at roughly 90%, plus or minus some adjustments. So as the price of oil goes down, so too does the price of LNG. However, says David, LNG is not a short-term investment for the big companies that produce it: Chevron, Shell, Petronas. As the world burns about 93 million barrels of oil every day, no one is giving up on LNG in BC. Listen to Mike and David discuss the hot topic (27:50-35:38).

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