De Jong Admits Apache’s Bale On LNG Likely First Of Many

Just as the University of the Fraser Valley announced it is adding a bunch more LNG trading seats Abbotsford MLA and BC FInance Minister Mike de Jong today admitted that the departure of one of the biggest financial backers of his government’s LNG future for the province is likely only one of many.

[excerpt] BC’s finance minister is downplaying some bad news on his government’s favourite file, the loss of a major player in the still-unborn liquid natural gas industry.

Mike de Jong says Apache’s withdrawal from the Kitimat LNG project is no surprise in a busy start-up industry with a host of players.

“We’ll probably see some, some more of that.”

But what about the Liberal’s election pledge last year to eliminate the provincial debt with a 100 billion dollar LNG prosperity fund.

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