Canada could increase revenues from exports to Asia by $6.366 billion with the two new major liquified natural gas (LNG) projects in British Columbiaprojects, said a new research report.
A new paper by Macdonald-Laurier Institute Munk Senior Fellow Philip Cross, titled BC's LNG Projects: A Turning Point for Canada's Energy Industry, makes the case that these two projects will hold considerable benefits.
The most important impact could be that greenlighting these projects sends a broader message to investors around the world that Canada is able to undertake these kinds of large projects, Cross argues in the paper.