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Japan, South Korea and Taiwan are good potential markets for B.C. liquefied pure gasoline — and for blue hydrogen and ammonia derived from our pure gasoline.
This evaluation is in a brand new report from the First Nations Local weather Initiative (FNCI), whose members are the Haisla, Nisga’a, Metlakatla and Midway River Nations.
Each the Haisla and Nisga’a plan LNG tasks; the Haisla with Cedar LNG and the Nisga’a with Ksi Lisims LNG.
The report notes: “We are going to give attention to Asia as a result of the area’s demand development for all competing types of power would be the central issue available in the market, technological and geopolitical forces figuring out not simply winners and losers in LNG however in all chance the character of the tip sport in efforts to deal with international local weather change as properly.”
Of Asian demand for LNG, it says: “Whereas the latest outlook from the Worldwide Power Company (IEA) sees a peak for international gasoline demand by 2030, the identical situation reveals that gasoline demand in Asia stays stronger than different areas. Furthermore, different forecasts equivalent to that of the Institute of Power Economics Japan (IEEJ) see a a lot longer-term sustained development outlook for LNG.”
And: “Japan and Korea stand out as markets aligned with Canada on local weather and power safety coverage, with excessive ranges of current gasoline infrastructure, and heavy funding in industrial decarbonization, blue ammonia and hydrogen, and carbon seize and storage that can present longer-term partnership alternatives for Western Canadian gasoline exporters.”
The report was ready for FNCI by guide Robert J. Johnston, government director on the Heart on World Power Coverage at Columbia College.
He additionally sees different potential markets: “Canadian LNG will even compete to exchange expiring LNG contracts from international locations equivalent to Brunei, Indonesia, and Malaysia, alongside new sources of demand.”
In an interview with Enterprise in Vancouver, Johnston added Philippines, Vietnam, Singapore and Thailand as potential markets as they add LNG import capability. And he stated he wouldn’t rule out China, although “sturdy competitors from coal and renewables” might have an effect on LNG demand.
“I believe the Northeast Asian markets — Japan, Korea, Taiwan — are notably properly fitted to Canada. They’re not including lots of new LNG capability however they do have lots of current LNG capability in place they will use to import gasoline from Canada.”
There are a variety of cautions in his 38-page report, together with these:
- “Absolute gasoline demand development in Japan and Korea shall be modest and even decline within the decade forward, notably in comparison with sooner development markets in China, India, and ASEAN (Affiliation of Southeast Asian Nations) international locations.”
- “Lengthy-term gasoline forecasts are extremely unsure given the wide selection of attainable pathways and charges of change within the power combine associated to local weather coverage.”
- “The fast development and falling costs for renewable electrical energy will change the position for gasoline, with competitors shifting from baseload to a battle with coal and long-duration battery storage for backing up renewables.”
- “Coal-to-gas switching is promising however expectations needs to be tempered by the dominant incumbent position of coal in most Asian electrical energy markets. Canadian LNG ought to goal particular undertaking stage alternatives for fuel-switching, linked to authorities coal phaseout plans (as in Vietnam) or gas oil (the place switching economics for LNG are extra beneficial) or as an intermittency answer for wind/photo voltaic tasks the place gasoline will compete favourably with battery storage and hydrogen in lots of markets.”
Says the First Nations Local weather Initiative: “FNCI commissioned this section one report so as to establish real looking pathways for western Canadian LNG to contribute to decarbonization efforts in Asian international locations. . . .
“The target for section two of our work on this space is to activate as many of those pathways as we will; to make them actual reasonably than merely alternatives or potential outcomes. To this finish we’re in search of companions with different Indigenous Nations and ranges of presidency, the personal sector and civil society organizations. Our scoping efforts for section two are already underway and we plan to ship ends in 2024.
“The imperatives of local weather motion and actual reconciliation with Indigenous individuals in Canada require our quick collective motion.”
The FNCI’s basis: “The First Nations Local weather Initiative (FNCI) is an Indigenous-led collaborative discussion board devoted to the combat in opposition to local weather change, assuaging First Nations’ poverty, restoring ecosystems in First Nations’ conventional territories, and enabling Indigenous individuals to be main actors within the decarbonized economic system.”
All of which objectives are supported by our First Nations LNG Alliance.
As our CEO, Karen Ogen, stated on the COP28 world local weather convention in Dubai: ““We need to protect and shield our surroundings, in order that signifies that we need to have the best environmental requirements attainable.”
And: “We’ve the cleanest LNG on the earth. China needs Canadian LNG to assist displace coal. We have to begin sending our LNG over to China, to Asia, so we might help scale back international emissions, whereas advancing financial reconciliation in Canada.”
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