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The liquified natural gas plant on the Chesapeake Bay in Cove Point.
The liquified natural gas plant on the Chesapeake Bay in Cove Point.
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U.S. LNG plants seen as beneficial to Canadian producers

Liquefied natural gas plant approvals are positive for Canadian gas producers regardless of which side of the Canada-U.S. border they could be located, at least from a commodity-price standpoint, a Calgary-based portfolio manager says.

LNG is seen as a potential boon to a gas industry in need of new markets as a way to boost gas prices that have languished with the shale boom and plodding return of industrial demand following the credit crisis.