Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil. David explains that the price of LNG is calculated based on the price of oil at roughly 90%, plus or minus some adjustments. So as the price of oil goes down, so too does the price of LNG. However, says David, LNG is not a short-term investment for the big companies that produce it: Chevron, Shell, Petronas. As the world burns about 93 million barrels of oil every day, no one is giving up on LNG in BC. Listen to Mike and David discuss the hot topic (27:50-35:38).
Subscribe to our newsletters
Stay current on business and legal news, topics and trends
Related Content

Exclusive Use Agreements: Are They Valid?
Often I am approached by strata corporations to provide guidance regarding the use of common property by owner/ developers and others who are not owners ... Continued

Adam Dlin and Veronica Franco join the partnership
We are pleased to announce that Adam Dlin and Veronica Franco have joined the partnership at Clark Wilson LLP. Adam practices within our Business Succession, ... Continued

Rick Hansen Foundation announces naming of “Lyall Knott BC Neurotrauma Professorship Endowment”
Clark Wilson LLP is pleased to share the following announcement from the Rick Hansen Foundation. Congratulations Lyall on this incredible honour. Rick Hansen Announces: “LYALL ... Continued