LNG players in Atlantic Canada need to address capital and other issues to succeed

Latest issue of East Coast Offshore available now

ST. JOHN'S, July 16, 2014 /CNW/ - In today's competitive LNG market, Atlantic Canada's pipeline infrastructure is not enough to attract investors' attention and secure long-term supply contracts, says EY in the latest edition of East Coast Offshore. According to the quarterly report, players in this market must focus on tax treatment and structure to avoid unnecessary costs and succeed in the long term.

New projects, including a growing number of LNG export project candidates, could expand Atlantic Canada's energy infrastructure — but companies must be prepared.

The quarterly report highlights emerging legislative, regulatory and competitive issues affecting Atlantic Canada's oil and gas industry. In this edition you'll also find sections and examples on the following:

  • New projects bring promise of growth and new markets
  • Regulatory changes as the largest operational challenge for oil and gas projects

EY's Canadian oil and gas team is available to offer more insight into the report's findings. To reach a spokesperson, or for more information, please contact a member of our national PR team.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY is proudly celebrating 150 years in Canada. For more information, please visit ey.com/ca. Follow us on Twitter @EYCanada.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

SOURCE: EY (Ernst & Young)

For further information: Erika Bennett, erika.bennett@ca.ey.com, 416 943 5497; Sarah Shields, sarah.j.shields@ca.ey.com, 604 648 3607; Julie Fournier, julie.fournier@ca.ey.com, 514 874 4308


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