B.C. Premier’s trip to parts of Asia means big investments for the province

Clark and Coleman traveled to Malaysia, Singapore and Hong Kong, all of which are said to be key players in both sectors.

 “We met with proponents backing LNG proposals in B.C. that will deliver reliable energy solutions to growing economies throughout Asia,” said Coleman. “The trade mission gave us an opportunity to reinforce the province’s competitive advantages to new investors and existing partners.”

 The B.C. government says the potential advantages include a more stable economy, a business friendly climate, shorter shipping times to Asia compared to its North American competitors, and a multicultural, highly skilled workforce.

 PETRONAS, Malaysia’s national energy company has proposed a Pacific Northwest LNG facility in Port Edward, an estimated $11 billion investment. PETRONAS is one of over a dozen LNG facilities who’ve already made investments to create exports across the province.

 The provincial government says trade missions are an important part of British Columbia’s “strategy to actively diversify its international trading partners and secure the new investments that will drive job creation in every region of the province.”