N.W.T. gov't exploring LNG project off Canadian Arctic coast - News Summed Up

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N.W.T. gov't exploring LNG project off Canadian Arctic coast


The government of the Northwest Territories is working on reviving a decades-old dream of exporting natural gas from the Mackenzie Delta. 's department of Industry, Tourism and Investment shows the potential location of an offshore liquid natural gas tanker platform in the Arctic Ocean. "We have huge natural gas resources in the N.W.T.," McEachern said. (Olesya Astakhova/Reuters)Doubts on price, investmentWhen the Mackenzie Valley gas project was being considered in the early 2000s, natural gas prices were about three times what they are today. At the time of writing, Asian natural gas prices for December delivery were $4.20 higher than in North America.


Source: CBC News November 10, 2020 11:00 UTC



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