Resource World Magazine

ministry spokesman said. "According to the International Energy Outlook 2011 report by US Energy Information Administration, China's demand for natural gas will increase to 11.5 trillion cubic feet by 2035, while natural gas production in China expands to 7.3 trillion cubic feet over the same period." "We are not the only jurisdiction looking at the prospect of LNG, so maintaining our competitiveness in a timely fashion is essential for our plans to come to fruition. There is time, but we need to act quickly and we are. By taking action now we will be part of the global LNG market by 2020. We are seeing major progress on our goal to see BC natural gas sector grow and diversify." Foreign ownership also may pose problems. With the exception of the Haisla First Nation, all proponents are foreign entities, including state-owned enterprises from China, Malaysia and Korea. The LNG model that is developing, with its heavy foreign dominance, moves much of the decisionmaking, the ownership of infrastructure, the benefits, outside Canada. In Alberta's more mature oil and gas industry there has been a balance between Canadian and foreign ownership that allowed Canadians to invest and benefit from the resource. With Canadian companies out of the BC LNG picture, government is being encouraged to ensure that initial investments pay long-term dividends by designing terms that encourage investment while also benefiting Canadians. Many suggest that tax breaks to benefit foreign state-owned enterprises should not be allowed. Other obstacles include price and the challenge of building pipelines across mountain ranges – the latter already the source of considerable controversy and pushback from environmentalists. But the ministry spokesman said pipeline planning is already underway. The major pipeline networks for the five LNG facilities announced so far include: The Pacific Trails Pipeline – The Kitimat to Summit Lake Project is a 463-kilometre, 42-inch natural gas pipeline carrying natural gas from northeastern BC to Kitimat LNG, the export facility proAPRIL 2013 Evaluating mining investment opportunities? Intierra provides timely and accurate information that supports contact-building, research, competitive anaylsis and financial decisions. Improve your investment opportunities by searching, filtering, exporting and ranking across the key classes of data. • Equity Interests • Financial Ratios • Feasibility Reports • Resource and Reserve Data • Production Data • Capital Raisings • Property Transactions • Financial Reports • Mergers and Acquisitions "Intierra has become an invaluable part of our global mining research capability. If we want an x-ray of a mining business – its projects, people, financials, market cap or researching capital raisings, we use Intierra." Tim Goldsmith, Global Leader Mining Practice PricewaterhouseCoopers For a free trial contact: marketing@intierraRMG.com www.intierraRMG.com www.resourceworld.com 55

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