BC LNG progressing with Asian trade missions

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The BC government is moving forward with two more Asian trade missions in its continuing efforts to promote BC exports of liquefied natural gas.

Deputy Premier and Natural Gas Development Minister Rich Coleman will be in Singapore next week to address the Gastech Energy Industry Conference on Wednesday.

He also has a dinner meeting on his agenda with the CEO of Petronas, the Malaysian State oil and gas company, which leads the Pacific Northwest LNG five country consortium.

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One of the five is Japan Petroleum Exploration and he will fly from Singapore to Tokyo to meet its representatives and those of Mitsubishi, a member of the LNG Canada joint venture led by Royal Dutch Shell.

Meantime, a week from today, Premier Clark and International Trade Minister Teresa Wat will launch a week long mission which, among others, will include stops in Beijing and Hong Kong.

However, the Globe and Mail reports, weak LNG prices in Asia, a looming glut of supplies, and fierce global competition for the Asian market have also cast doubts on the future of the twenty BC LNG proposals.

In addition, the trips come as anti-LNG activists, step up their protests, with First Nations leaders set to attend a rally in Prince Rupert tomorrow to press home lingering concerns about potential Flora Bank damage from construction of the proposed eleven point four billion dollar Pacific Northwest LNG export terminal.

However, the Globe also reports, Mr. Coleman insists an associated court challenge would not delay the planned start of construction next year, if the Petronas led group decides to move forward with the project.

It also reports the Deputy Premier remains optimistic and quotes him as saying, “Whatever LNG plant sends its first shipment around the world, then I’ll say, I told you so.”

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