LNG is a major new industry in BC because of the province’s large natural gas resources and the growing global demand for LNG. The LNG industry will help diversify BC’s northern economy by creating new jobs and attracting investment.
BC is expected to experience the most investment of any province in Canada as LNG export projects are built here. Even if just 60% of BC’s potential is realized, the natural gas industry would contribute a cumulative total of $940 billion by 2035, including $364 billion in real GDP growth. Between 2012 and 2035, investments in BC’s natural gas industry are expected to total about $180 billion – more than $5.8 billion a year on average.