As recently as 12 months ago, the North American LNG market was character-ized by a glut of exportable gas bot-tlenecked by a murky regulatory process in the U.S. and nearly limitless, if undefined, potential in Canada. Several U.S. terminals had the advantage of being import facilities but their operators were having trouble sorting through U.S. Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) approvals to become liquefaction terminals. Canadian proposals on the British Columbia coast had no existing facilities, but had an abundance of gas in the country and a friendly provincial government.
展开▼
