The Financial Post reports in its Thursday edition that the first delivery of liquefied natural gas from the LNG Canada terminal near Kitimat, B.C., shipped out on Monday. The Post's Jane Switzer writes that the shipment marks Canada's inaugural push into the global LNG market and comes at a crucial time, as the country looks to diversify its export markets. When natural gas is liquefied, it takes up about 600 times less space than its gaseous form. Utility company FortisBC describes it as "roughly the equivalent of shrinking a beach ball to the size of a ping-pong ball." It simplifies and reduces costs for transporting to areas without pipelines, allowing for loading onto tankers for shipment to Asia and Europe. Once it arrives, the LNG is stored and regasified. Canada's largest natural gas producer is Tourmaline Oil. Other major producers include Canadian Natural Resources, ARC Resources, Ovintiv, Peyto, Cenovus, Petronas and Whitecap. The project's $40-billion price tag includes $18-billion for the Kitimat facility and $14.5-billion for the Coastal GasLink pipeline, which is operated by Calgary-based TC Energy and transports natural gas from Dawson Creek in the northern B.C. Interior to Kitimat.
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