Rich Coleman, the Minister of Natural Gas Development of the Canadian province British Columbia, leaves Friday for a tour of three Asian countries – South Korea, China and Malaysia. He’s promoting B.C.’s liquefied natural gas industry to Asian investors.
Coleman, pictured above, will deliver talks at the 22nd World Energy Congress in Daegu in South Korea and at the ninth Canada-China Energy and Environment Forum in Beijing. He’ll also visit Malaysia’s Petronas LNG Complex in Bintulu before heading home Oct. 21.
Later in November, B.C. Premier Christy Clark will lead a trade mission to China, Korea and Japan to meet with Asian LNG investors.
Malaysia’s Petronas has plans to invest C$36 billion to develop an LNG plant in B.C. Petronas acquired Canada’s Progress Energy Resources Corp. for C$5.2 billion last year and hopes to start shipments in 2018.
Last month, Japan and India formed a buyers cartel with other Asia consumers to push for cheaper LNG imports, pressuring LNG producers on the Canadian West Coast to change their pricing formula.