VANCOUVER (NEWS1130) – BC Hydro is offering itself up as a way to make liquefied natural gas (LNG) cleaner.
It could potentially mean a lot of pressure for the crown corporation. The more electricity that LNG producers want to use, the lower the greenhouse gas emissions, but the more demand it puts on BC Hydro.
President and CEO Charles Reid is telling producers he is here to help. “We’re flexible; we’ll work with you, we want to support your industry, and we’ll do whatever we can to do that.”
Reid’s comments came during the start of a two-day conference on LNG, which is being held in Downtown Vancouver.
You can expect to hear a lot about LNG in the coming months. Premier Christy Clark has put a lot of her re-election efforts on liquified natural gas, hoping that people will get excited. She’s hoping people will imagine the possibilities and says it could mean billions of dollars for the province.
Earlier today, the federal government re-announced a long-term export licence that’s been given to LNG Canada Development for a proposed terminal in Kitimat.
It’s all part of an effort to construct and develop the liquified natural gas industry. This is the third long-term licence issued since 2011.