The Canadian oil and gas industry is asking Ottawa for subsidies that could be worth $2 billion in tax savings to encourage the development of liquefied natural gas plants in British Columbia.

Giving the industry a tax break would make the LNG export industry more competitive and influence investment decisions favourably, David Collyer, president of the Canadian Association of Petroleum Producers, argued in an appearance last fall before the standing committee on finance. The committee was holding pre-budget consultations in advance of the 2013 federal budget, expected to delivered next month. It has since recommended “that the federal government expeditiously encourage and support the development of infrastructure in relation to liquefied natural gas exports.”

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