British Columbia now has two competing proposals for oil refineries near Kitimat, both betting that pipeline projects have become so unpalatable that plans to ship Alberta bitumen by rail are more likely to be approved.
The bitumen refinery projects add to the 20 B.C. proposals to export liquefied natural gas. Experts say only a handful of LNG ventures have a realistic chance amid fierce global competition.
“There is going to be a shakeout of viable projects,” said Mary Hemmingsen, a partner at consulting firm KPMG Canada.