A Changing Tide: British Columbia’s Emerging Liquefied Natural Gas Industry

The Conference Board of Canada, 63 pages, February 29, 2016
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This report quantifies the potential economic and labour market impacts that would occur in British Columbia, resulting from a 30 million tonnes per annum liquefied natural gas industry.

Document Highlights

A Changing Tide: British Columbia’s Emerging Liquefied Natural Gas Industry quantifies the potential economic and labour market impacts associated with a 30 million tonnes per annum liquefied natural gas (LNG) industry in British Columbia. The development of this size of industry would result in the production of an additional five billion cubic feet per day of natural gas, approximately doubling 2014 production levels.

The report expects that the total annual spending across the upstream, midstream, and downstream sectors will average $6.9 billion. The industry would increase national employment by an average of 65,000 jobs, 46,800 of which would occur in British Columbia. The findings in this report, however, are subject to uncertainty, as none of the 21 proposed projects have entered the construction phase, with many still attempting to obtain required government and investor approval.

Table of Contents

Executive Summary

Chapter 1—LNG Industry Overview

  • The Global Context
  • British Columbia’s Emerging LNG Sector

Chapter 2—LNG Industry Investments

  • Liquefaction Terminals
  • LNG Support Activities

Chapter 3—Economic Impacts

  • Key Assumptions and Methodology
  • Economic Impact Results
  • Implications of Possible Expansion
  • Economic Impact Summary

Chapter 4—Labour Impacts

  • Employment, Unemployment, and Labour Market Participation
  • Lagging Population Growth and Rising Retirements
  • Slow Labour Force Growth and Rising Labour Needs
  • High-Demand Occupations
  • A Challenging Labour Market for LNG Development
  • Opportunities, Challenges, and Strategies

Chapter 5—Conclusions

Appendix A—Bibliography

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