On the heels of yet another regulatory delay to Prince Rupert’s proposed Pacific Northwest LNG, The Japanese Ambassador to Canada is warning a big opportunity could be lost.
In a letter to the Canadian Environmental Assessment Agency Kenjiro Monji says Japan is looking to LNG to cover 27% of its powers needs by 2030.
Monji says Canada is a promising source of LNG for his country.
However he warns delays in approving the Petronas-led Pacific Northwest LNG proposal could mean Japan signs long term contracts with another supplier.
Monji says the window is closing and in a buyers LNG market it could soon be another 10 or 20 years before Japan is looking for another LNG supplier.
He says BCLNG will significantly reduce greenhouse gas emissions in his country and he hopes the Trudeau government approves the Petronas project as soon as possible.
Last week, federal Environment minister Catherine McKenna granted a three-month extension to the project’s environmental review, as regulators seek more detailed information from the projects proponents on its effects on sensitive fish habitat.