trending Market Intelligence /marketintelligence/en/news-insights/trending/wp6valzomteexd6lb1-vfw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

British Columbia rolls out tax breaks for Shell-led LNG project

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

Essential Energy Insights - June 11, 2020

A Decade of Underperformance for Gold Discoveries

British Columbia rolls out tax breaks for Shell-led LNG project

British Columbia's government is offering tax breaks and other incentives as one of the province's last proposed LNG projects nears a final investment decision.

The province is offering LNG projects relief from British Columbia's sales tax, electricity rates in line with other industrial users and elimination of an LNG income tax introduced by a previous government, according to a March 22 statement. While the fiscal framework would be consistent for all LNG facilities, Royal Dutch Shell PLC's LNG Canada would be the first project under the new regime.

British Columbia has seen more than a dozen proposed LNG projects for its northern coast dwindle to a handful as global prices for the fuel slumped. While the province's proximity to Asia-Pacific markets and abundant supplies of low-cost natural gas make it attractive, development would require building a gas pipeline across the mountainous province and reaching agreements with Aboriginal groups.

LNG Canada, a venture of Shell, PetroChina Co. Ltd., South Korea's Korea Gas Corp. and Japan's Mitsubishi Corp., was expected to reach a final investment decision on its project in 2016. The government statement said it anticipates LNG Canada will make a final investment decision by the end of 2018.

"The LNG Canada proposal has the potential to earn tens of billions of dollars and create thousands of jobs for British Columbians over the life of the project," Premier John Horgan said in the statement. "It's a private-sector investment that could benefit our province for decades to come, but not at any price — we need to make sure the values British Columbians believe in come first."

Under the government's new plan, all projects would have to provide a fair return for the province's natural gas resources, guarantee jobs and training for residents, provide partnerships for First Nations and meet British Columbia's climate change-mitigation commitments.