Unlocking Canadian LNG: Mark Fitzgerald on Bringing Montney Gas to the World

This week, our guest is Mark Fitzgerald, President and CEO of PETRONAS Canada, which owns a 25% stake in LNG Canada. LNG Canada will be Canada’s first major LNG export terminal and is expected to start shipping Canadian natural gas to global markets from Kitimat, British Columbia, later this year. PETRONAS is one of the largest LNG operators in the world and has a key position in the Montney, Canada’s leading and world-class shale gas play.

Here are some of the questions Jackie and Peter asked Mark: What is the economic impact of LNG Canada Phase 1? How does the Montney compare to other natural gas plays globally? Can Canadian LNG compete with other global suppliers to Asia? How does the carbon emissions intensity of Canadian LNG compare to other suppliers? How would you describe the risk of investing in a Canadian LNG export terminal, compared with other countries where PETRONAS invests? Investment in Canadian LNG has been less than expected compared to a decade ago; what needs to change for Canada to attract new capital for building LNG export facilities? In your view, did BC Premier David Eby's announcement to fast-track 18 projects help address any barriers to investment? Does BC still require LNG facilities to be net zero greenhouse gas emissions by 2030, and does any other country require this? Are there any updates on the potential for a final investment decision (FID) on LNG Canada Phase 2?

Content referenced in this podcast:

• 338Canada  – Canadian Federal Election Polling

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