Why LNG & The Douglas Channel
The location of the Douglas Channel allows the Haisla Nation to take advantage of the coming-together of two strong economic drivers:
- Natural gas producers in British Columbia and Alberta are currently bound by the existing pipeline network to sell their gas only to North American customers. The large domestic gas supply means prices are low. These producers want to earn higher return.
- The fast-growing Asian economies are increasingly turning to natural gas to produce the power they need to continue to develop. Gas producers in Australia, the United States, and the Middle East are, like Canadian producers, looking to take advantage of a market that will pay higher prices than can be found domestically. These Asian customers want a stable, secure, and long-term supply.
The Douglas Channel is relatively close to the BC-Alberta gas fields, and is a full day or two less sailing time to key Asian ports than export terminals in Australia, the Mid-East, or the U.S.
The Channel also provides a deepwater port that is ice-free year-round and has been used for deepwater vessels for decades through the Rio Tinto Alcan smelter.
The safety track record of gas pipelines, LNG terminals, and LNG tankers is a key factor in the embracing of the LNG opportunity by the Haisla people. There have been very few leaks or incidents with gas pipelines, vessels or processes. In the event that there ever was a problem, gas would not despoil the land or water like oil would.