BC LNG: Promised land of prosperity or gas fueled race to the bottom?

On this the first day of BC’s much ballyhooed International LNG conference, it is worth noting, comparing and contrasting BC’s LNG “model” and that of competing Nations around the world in the natural gas industry. Particularly noteworthy is today’s announcement that Russia and China have signed the biggest gas deal in the “history of the world.” (watch this before reading the rest of this piece) This is of importance given the reliance the current government has with China as a destination market, and its strange propensity to sanction Russia over the contentious Ukrainian issues that some say are driving Russia into the arms of China.