With Qatar’s LNG hobbled by Iran, calls grow for B.C. to ramp up production
BNN Bloomberg
With energy markets reeling due to the U.S.-Israel war on Iran, there are calls for British Columbia to ramp up its production of liquefied natural gas.
That urgency accelerated on Thursday with the CEO of QatarEnergy telling Reuters that as much as 17 per cent of Qatar’s LNG capacity could be out of action for as long as five years.
Among those calling for B.C. to fill the energy void in the coming years is former premier Christy Clark.
“We could be really helping the world,” Clark told CTV News on Thursday. “Because right now, the world needs Canada’s LNG.”
Clark championed the industry during her time in power, with as many as 18 or 19 LNG projects contemplated at one point in B.C.
But two premiers later, there is only one large-scale LNG project operational.
Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.
With energy markets reeling due to the U.S.-Israel war on Iran, there are calls for British Columbia to ramp up its production of liquefied natural gas.
Iran intensified its attacks on oil and natural gas facilities around the Gulf on Thursday, raising the stakes in a war that is sending shock waves through the global economy.
Canadian and U.S. stock markets fell on Thursday as higher oil prices stoked inflationary fears.
Canadian securities regulators on Thursday announced a pilot project to allow smaller issuers to voluntarily adopt a semi-annual financial reporting framework, in a bid to ease the regulatory burden for public companies.
ETF strategies shift to defensive sectors while targeting growth opportunities as volatility and geopolitical risks reshape investor sentiment.
When U.S. President Donald Trump returned to office last year, he launched a crusade to shift the country away from renewable energy, drastically undoing the climate-friendly policies of his Democratic predecessor to focus instead on oil and other fossil fuels as the answer to his goal of American energy dominance.
Markets remain resilient despite oil surge from Middle East conflict, as investors watch inflation risks and potential supply disruptions.
The federal government is buying 30,000 new modular assault rifles for the Canadian Army from Colt Canada in a $307 million procurement deal.
Here are five things you need to know this morning.
The CEO of natural gas pipeline operator TC Energy Corp. says Canada risks missing out on opportunities to provide global markets with a secure supply of energy if permitting timelines aren’t significantly shortened.
Canada’s population decline is easing rental demand and weighing on housing as interest rates remain elevated and activity stays subdued.
Israel killed another top Iranian official -- the intelligence minister -- in its campaign against the Islamic Republic’s leadership, and an Iranian offshore natural gas field was struck Wednesday amid the war’s escalating pressure on the region’s economic lifeblood: energy.