FACTS: Did you know?
$1 trillion in cumulative GDP for the BC economy
BC’s abundant natural gas is creating a whole new industry. Environmentally-responsible liquefied natural gas can create $1 trillion in cumulative economic activity over the next 30 years – and generate thousands of jobs and billions of dollars in investment for BC businesses.
As many as 75,000 full-time jobs and 39,000 construction jobs: those are the big numbers that BC’s new natural gas industry is expected to generate in the years ahead. Liquefied natural gas is a brand-new commodity for British Columbia. We’ve always had a good supply of natural gas to help fuel our economy, but until recently, we had no capacity to sell it to markets overseas.
That is all changing with state-of-the-art, ever-changing technologies. Soon, we have the ability to cool natural gas to the point where it becomes a liquid, so that we can ship to markets around the world that are willing to pay more for this valuable resource. The financial impact from BC’s newest natural resource will also generate thousands of additional spin-off jobs in related areas: transportation, engineering, construction, and environmental management.
The first-ever liquefied natural gas facility in Canada is scheduled to open on BC’s central coast. In the near future. In the BC Jobs Plan, the Province set an ambitious goal of having three facilities in operation by 2020. Today, five facilities are proposed.
For more information, visit LNG in BC or read the updates, reports and strategies below.
|British Columbia’s Liquefied Natural Gas Strategy: One Year Update|
|Natural Gas Sector Report|
|Liquified Natural Gas Strategy|