While excitement over the LNG industry continues to mount in Kitimat, other areas of BC are employing patience.
Kitimat’s 40 billion dollar LNG terminal will take roughly 5 years to complete, and according to Shell Canada’s general manager for natural gas projects, Rej Tetrault, the market will be very low in the meantime.
Tetrault expects Shell’s northeastern BC operations to see a 15 percent drop over the next two years, with no new wells being drilled.
With Shell limiting spending across other operations as they await the Kitimat terminal’s completion, Tetrault says patience is the key.
According to Tetrault, the industry will not be very active over the next two years, and he doesn’t feel it needs to be.
