LNG project scrapped!

[petros]

Save the tears for your robot replacement.

I can't wait to watch you argue with yours.

 

[captain morgan]

Save the tears for your robot replacement.

hehehe.... Robot replacement is the last thing I have to worry about

 

[TenPenny]

I get it now, Newfoundland doesn't count as a maritime location, but Nova Scotia is a maritime province

Thanks for the clarity

you should have learned in grade 2 that Newfoundland is NOT part of the maritimes.

Note the phrase Major Gas Pipelines in Canada




TP has backed himself into a corner and is grasping at straws now.

He's invested too much into his position of knowledge to the point that he simply can not recant his position and admit that he is ill-informed

notice that the MNP pipeline in Atlantic Canada goes from NS to the US.




And also note that EXXON is in the process of shutting down Sable.


So where do the exports from NB and NS come from?


Answer me that, if you're so smart.

 

[captain morgan]

you should have learned in grade 2 that Newfoundland is NOT part of the maritimes.

Wow.. Your arguments are getting thinner and thinner as you paint yourself further in the corner

notice that the MNP pipeline in Atlantic Canada goes from NS to the US.

... And?

Also, i see that you refuse to open your eyes to the proposed routes through Ont and Que.

In the end, those transpo lines I offered via the map still transport Canadian resources.

... this really isn't that hard

And also note that EXXON is in the process of shutting down Sable.

That's what happens when a field is played-out or becomes uneconomical.

So where do the exports from NB and NS come from?

Answer me that, if you're so smart.

Already gave you a map and while there will be all kinds of swaps, trades and exchanges all down the line, the CH4 molecules still originated in Western Canada.

Really man, it isn't that difficult a concept

 

[TenPenny]

I agree, it's not a complicated subject. Exporting LNG from a Canadian facility is not an economically viable project.


And despite what you said, it is not happening now in the Maritimes.


It really is quite simple.

 

[captain morgan]

I agree, it's not a complicated subject. Exporting LNG from a Canadian facility is not an economically viable project.


And despite what you said, it is not happening now in the Maritimes.


It really is quite simple.

And yet, there are approx 20 more proposals in place for LNG exporting facilities.

You really ought to get in touch with these hayseeds and school 'em on this massive, multibillion dollar mistake(s).

As for the rest of your rant, I've already gone over this and provided you with maps, actual pics of facilities, references to East coast reserves and much more.

You being stubborn doesn't change any of these facts, but maybe it's just best that you keep on going down your road of voluntary ignorance

 

[Twin_Moose]

you should have learned in grade 2 that Newfoundland is NOT part of the maritimes.





notice that the MNP pipeline in Atlantic Canada goes from NS to the US.




And also note that EXXON is in the process of shutting down Sable.


So where do the exports from NB and NS come from?


Answer me that, if you're so smart.

Why don't you write the rest of the story that they are starting their decommission over the next few years because the field is playing out, in the meantime Shell is drilling on the Shelburn play which is suppose to be larger than Sable Island. Or how about the Horton Bluff field where there is 3.4 trillion cubic feet (tcf) of technically recoverable natural gas. I think they will be fine

LINK

 

[TenPenny]

And yet, there are approx 20 more proposals in place for LNG exporting facilities.

And so that's why you believe that billions of dollars have been spent and there are multiple LNG export facilities already operating on the East Coast.


Perfect.

"Shell's decision to seal two exploration wells off Nova Scotia has set back the province's dream of offshore riches, but analysts say it's early days in what may prove to be a complex geological hunt."

You guys out west just aren't as connected to what really is going on.

 

[petros]

Put your glasses on.

 

[Twin_Moose]

And so that's why you believe that billions of dollars have been spent and there are multiple LNG export facilities already operating on the East Coast.


Perfect.

"Shell's decision to seal two exploration wells off Nova Scotia has set back the province's dream of offshore riches, but analysts say it's early days in what may prove to be a complex geological hunt."

You guys out west just aren't as connected to what really is going on.

 

[EagleSmack]

hehehe.... Robot replacement is the last thing I have to worry about

Is that what the party line is... we're all going to be replaced by robots so who cares?

What a bunch of idiots.

 

[captain morgan]

Put your glass on.

He needs to put down his meth pipe

 

[DaSleeper]

I get it now, Newfoundland doesn't count as a maritime location, but Nova Scotia is a maritime province

Thanks for the clarity




Note the phrase Major Gas Pipelines in Canada

TP has backed himself into a corner and is grasping at straws now.

He's invested too much into his position of knowledge to the point that he simply can not recant his position and admit that he is ill-informed

That line your picture depicts runs about two miles south of my place in Kapuskasing and supplies gas heating and hot water to municipalities close to the line at a rate a lot cheaper than electricity or oil...even my kitchen range is gas.
In the summer when gas consumption is low and any time there is a surplus, we have a gas powered power plant that feeds into the electrical grid from northern ontario....

 

[JLM]

you should have learned in grade 2 that Newfoundland is NOT part of the maritimes.

Well then some one f**ked up bigtime and I'm guessing it was back in 1949 when Nfld. became our tenth province & someone overlooked including it in the Maritimes! Maritimes just means pertaining to the ocean and guess what Nfld. is in the Atlantic Ocean!

 

[captain morgan]

Maritimes just means pertaining to the ocean and guess what Nfld. is in the Atlantic Ocean!

They probably taught that in grade 3.... Guess that TP was out working the oilfields then and garnering all of the highly accurate and valuable info that he has offered up here

 

[Twin_Moose]

'Dithering' by B.C., Ottawa helped kill Pacific NorthWest LNG, energy CEO says

The CEO of one of Canada's biggest natural gas producers says "government dithering" played a role in the cancellation of a massive liquefied natural gas project in British Columbia.

"They [Petronas] kept getting held up …*all levels of government were trying to squeeze more money out of them," said Mike Rose, head of Tourmaline, among the largest gas producers in Western Canada.
Tourmaline was among a slew of shale gas producers in B.C. and Alberta that stood to benefit from gas export through liquefaction. "We're disappointed," Rose said.
Malaysia's*Petronas cancelled its $11.4-billion Pacific NorthWest plant on Tuesday, citing lower prices in recent years in export markets in Asia. But Rose said a "more effective, streamlined approval process," would have seen Petronas make a final investment decision on the project three years ago, when prices were much higher.
Other big producers in the region, including Seven Generations, were reluctant to comment on the Petronas decision.
Canadian natural gas has traditionally been locked within the continental network of North American pipelines. But liquefaction allows gas to be transported around the world by tanker, and fetch a higher price.
The Petronas project was conceived when gas prices in Asia were significantly higher. They have fallen in recent years.*
Only 2 large projects on the books
Five years ago, there were more than a dozen LNG projects proposed for the B.C. coast. Now, only two large plans remain, one spearheaded by Royal Dutch Shell, the other by Chevron. Both have been delayed and their futures remain uncertain.
Pacific NorthWest had been considered the project most likely to proceed. But it suffered federal government delays, including additional time granted to the Canadian Environmental Assessment Agency to review the project.
As well, the B.C. government announced a special LNG tax at seven per cent*of net income in 2014. Later it cut*that figure to 3.5 per cent*after capital costs were recovered.
Analysts say many Canadian gas producers are now pinning their hopes on LNG development in the U.S., where one export plant is already up and running in Louisiana, and another is slated to begin shipping from Maryland by year-end.
"I think U.S. LNG is an opportunity for Canadian producers," said Martin King, director of institutional research, GMP FirstEnergy. But relative to building plants on the B.C. coast, he described that opportunity as "thin and distant."
Despite that, Canadian producers are looking south. Seven Generations confirmed it is already shipping as much as 100 million cubic feet per day to the U.S. Gulf Coast, where the Sabine Pass project has been in operation for more than a year.
Seven Generations spokesperson Alan Boras said the company has been shipping product into that market since late last year. "Any time there is an increase in sales opportunities, that is a good thing for the North American market."
Woodfibre LNG project confident it will advance
Natural gas industry could dwindle
In the longer run, U.S. plants are expected to help lift continental gas prices broadly.
"Between greater gas exports going to Mexico from the U.S., the greater pull of LNG out of the U.S. and just general improvement of the market next year, I think all these factors come together to improve the overall price of natural gas and that will feed back to a better price of natural gas in Canada," King said.
By the end of the year he expects LNG exports to reach as much a three billion cubic feet, approaching five per cent*of total U.S. supply.
King predicts an average 2018 natural gas price, at the benchmark Henry Hub, of $3.75 US per 1,000 cubic feet.*That price is currently*hovering around $3 US.

 

[tay]

How BC’s LNG Fiasco Went So Wrong

Government, cheerleaders were blind to market forces that doomed the pipe dream. Will NDP make the same mistake?

The failure of B.C.’s LNG strategy, symbolized by last week’s death of the Pacific NorthWest LNG terminal, is really a story about government deceit or ignorance.

“We acted like a Third World country,” declares Finn.

“Whoever was doing the math didn’t have a clue,” says Finn.

more

https://thetyee.ca/Opinion/2017/07/31/BC-LNG-Fiasco/

 

[captain morgan]

You forgot this quote;

"As a resident of Bowyer Island in Howe Sound, Finn was looking forward to retirement until he learned about Woodfibre’s proposal to build a LNG terminal in Squamish. Finn pored over the available project documents and couldn’t find any financial benefits for the province."

Classic NIMBY

 

[taxslave]

How BC’s LNG Fiasco Went So Wrong

Government, cheerleaders were blind to market forces that doomed the pipe dream. Will NDP make the same mistake?

The failure of B.C.’s LNG strategy, symbolized by last week’s death of the Pacific NorthWest LNG terminal, is really a story about government deceit or ignorance.

“We acted like a Third World country,” declares Finn.

“Whoever was doing the math didn’t have a clue,” says Finn.

more

https://thetyee.ca/Opinion/2017/07/31/BC-LNG-Fiasco/

Interesting propaganda by the propaganda outlet that has been opposed to LNG from the start. Woodfiber LNG is still going ahead. Funny that other parts of the world that don't have a hostile government are still developing LNGprojects. THe NDP just blew the future for my grandkids.

 

[petros]

The current surplus will be toast by 2020.