The Koreans will almost certainly push to send the gas westward. To the British Columbia Pacific coast. Where it can be turned into LNG and shipped home.
There are already plans to build western Canada's first LNG plant at Kitimat. Having the Koreans in the Horn River play should cement demand for the 750 million cubic feet per day of capacity planned for this facility. It may even speed the development of additional LNG plants.
This is symptomatic of the global shift in energy deployment brought about by shale gas. Up until a few years ago, it was assumed America would be the world's premier gas market. But with shale now producing beyond expectations, it looks as if North America could become a major gas exporter. Adding an unexpected source of supply to global LNG markets.
Just like the Great Divide changes the direction of flow for waterways, shale is changing the flow for North American gas. We always thought western Canada's gas would head east to the Great Lakes. Now it may be headed west to Asia.
Source: Full article at: http://www.oilprice.com/article-the-great-divide-of-natural-gas.html
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