"Canada is pulling ahead of the U.S. in a contest to be the
first exporter of liquefied natural gas from the North American
shale bonanza to Asia's US$150 billion LNG market," Bloomberg
It said: "An LNG terminal being built at a cove north of
Vancouver financed by a Houston private-equity firm is scheduled to
begin shipping the fuel across the Pacific Ocean in mid-2015, eight
months before the first continental U.S. plant is slated to start.
Canada's government has approved twice as much LNG export capacity
as its southerly neighbor, evincing a friendlier attitude toward
selling domestic gas to the highest bidder and positioning the
nation as the go-to source of gas in North America for overseas
It added: "International energy giants from Exxon Mobil Corp (
). to Malaysia's Petroliam Nasional Bhd (PET) are considering
terminal projects in western Canada to supply Asian utilities and
factories that are paying more than four times the price of U.S.
markets. Chevron Corp (
) said it's focusing all of its North American LNG efforts north of
the U.S. border because of the more favorable regulatory climate
and closer proximity to Asia, making exports more profitable for
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