Woodfibre LNG Project to Generate $13.6 Billion in Economic Output and $11.6 Billion in Government Revenue
The headline indicates a new LNG project that would add future liquefied natural gas supply capacity.
Source →The trace
How it reaches your house.
Starting from FortisBC Energy Inc., we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
TC Energy Corporation (NOVA Gas Transmission Ltd.) →supply upCoastal GasLink Phase 2
The cited note says TC Energy announced FID on Coastal GasLink Phase 2 to meet LNG Canada gas needs, and the project will nearly double pipeline capacity, so this expansion makes transport capacity more available.
“To meet the gas supply needs for LNG Canada, TC Energy (TRP) also announced FID on Coastal GasLink Phase 2. The project will nearly double the pipeline’s capacity from 2.1 Bcf/d to ~4 Bcf/d by adding new compre”
91% confidenceCited →LNG peak-shaving and import facilities →Prices riseMore LNG liquefaction/export capacity pulls harder on feed-gas demand, so this critical natural-gas input should see tighter availability and higher prices.
69% confidence