Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil. David explains that the price of LNG is calculated based on the price of oil at roughly 90%, plus or minus some adjustments. So as the price of oil goes down, so too does the price of LNG. However, says David, LNG is not a short-term investment for the big companies that produce it: Chevron, Shell, Petronas. As the world burns about 93 million barrels of oil every day, no one is giving up on LNG in BC. Listen to Mike and David discuss the hot topic (27:50-35:38).
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