
Nicholas Fulford
9:22 - 10:17
"Canada shares with Alaska this geographic advantage of being able to deliver gas quickly and at low risk to markets in Asia"
“Canada shares with Alaska this geographic advantage of being able to deliver gas quickly and at low risk to markets in Asia”
But the gas is relatively dry, relatively clean, and so the need for that very large CO2 removal plant doesn't exist. So, in very basic terms, the cost of gas coming into the Alaskan plant plus the cost of the gas processing plant needs to be roughly equal to the cost of producing gas in British Columbia. That's, that's broadly speaking the equation. Most of the gas projects in Canada involve a long-distance pipeline, and that includes LNG Canada. But by and large, Canada shares with Alaska this geographic advantage of being able to deliver gas quickly and at low risk to markets in Asia.
Senate Finance heard Wednesday that British Columbia's LNG Canada project received federal tax deferrals and accelerated depreciation before final investment decision, creating a competitive fiscal framework Alaska must consider as it weighs property tax alternatives for Alaska LNG.
