“When we look at BC, we see TMX, Coastal GasLink, very soon LNG Canada will be finishing up. That’s probably in the order of $100 billion of investment that that province will lose. “So you do start to think about what happens next. But there are some things on the horizon. I think that’s part of it. Other LNG projects where maybe it wasn’t politically popular, it wasn’t a social licence, and maybe the la- bour force was also constrained, and now is opening opportunities.” A recent analysis conducted by Exner-Pirot found that between 2015 and 2023, the number of ener- gy and natural resource major projects com- pleted in Canada dropped by 37 percent. And those that managed to be completed often faced significant delays and cost overruns. One notable project Exner-Pirot expects to fill the void is Ksi Lisims LNG, which is being developed on the northwest coast of Canada to export low-carbon LNG to markets in Asia. The project represents a unique al- liance between the Nisga’a Nation, Rockies LNG, and Western LNG. Ksi Lisims LNG is a proposed floating LNG export facility located on a site owned by the Nisga’a Nation near the community of Gingolx in British Columbia.
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Rendering of the proposed Ksi Lisims floating LNG project. Image courtesy Ksi Lisims LNG
SPOTLIGHT MAGAZINE ON BUSINESS MAGAZINE • VOL 24 ISSUE 3 93
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