I ran into the same issue and this is how I dealt with it:
First, spin up a Google Compute Engine VM instance.
https://console.cloud.google.com/compute/instances
Then install the gsutil commands and then go through the authentication process.
https://cloud.google.com/storage/docs/gsutil_install
Once you have verified that the gcloud, gsutil, and bq commands are working then save a snapshot of the disk as snapshot-1 and then delete this VM.
On your local machine, run this command to create a new disk. This disk is used for the VM so that you have enough space to download and unzip the large file.
gcloud compute disks create disk-2017-11-30 --source-snapshot snapshot-1 --size=100GB
Again on your local machine, run this command to create a new VM instance that uses this disk. I use the --preemptible flag to save some cost.
gcloud compute instances create loader-2017-11-30 --disk name=disk-2017-11-30,boot=yes --preemptible
Now you can SSH into your instance and then run these commands on the remote machine.
First, copy the file from cloud storage to the VM
gsutil cp gs://my-bucket/2017/11/20171130.gz .
Then unzip the file. In my case, for ~4GB file, it took about 17 minutes to complete this step:
gunzip 20171130.gz
Once unzipped, you can either run the bq load command to load it into BigQuery but I found that for my file size (~70 GB unzipped), that operation would take about 4 hours. Instead, I uploaded the unzipped file back to Cloud Storage
gsutil cp 20171130 gs://am-alphahat-regional/unzipped/20171130.csv
Now that the file is back on cloud storage, you can run this command to delete the VM.
gcloud compute instances delete loader-2017-11-30
Theoretically, the associated disk should also have been deleted, but I found that the disk was still there and I needed to delete it with an additional command
gcloud compute disks delete disk-2017-11-30
Now finally, you should be able to run the bq load command or you can load the data from the console.