Pros And Cons of LNG To Be Discussed
Friday, September 27, 2013 @ 4:21 AM
Prince George, B.C. – Skeena-Bulkley Valley NDP member of parliament Nathan Cullen says his party’s LNG tour of the north will be taking place this fall, albeit later than first planned.
Cullen says “we postponed it out of October into November as there is a First Nations natural gas summit being hosted in Prince George. I’ll be going there and that will help launch us right across the northwest, looking to bring industry, environmental groups and First Nations onto the same stage so that people can have a sense of what projects are being proposed, and also have a more full view of what the pros and cons of pipelines in general and even some of the projects in specific.”
Cullen says the industry response so far has been positive. “They want to engage this way, be able to tell their story to the people who are not so keen.”
Comments
Energy companies get B.C. natural gas extraction royalty breaks
http://www.theglobeandmail.com/news/british-columbia/bc-government-sweetens-the-pot-for-companies-mulling-lng-roads-pipelines/article14480491/
Pros and cons about LNG? On the upside, unliquified natural gas has the best upside in my world. I like my hot water. The downside? No downside. I like my warm house in the winter, fall and spring also. I’d hate to think about shopping for a residential coal furnace and buying a dump truck full of coal to be slid
down my built in coal shute in my house.
NDP LNG tour of the North? So people can get a ‘sense’ of proposed projects? This is purely a Nathan Cullen media event. Like, he even got Opinion 250 to report on this.
And pros and cons of pipelines around here? The pro is more money for Cullen’s audience out of my pocket and the con means even more money out of my pocket for the same welfare bums.
With Fracking technology Natural Gas is as abundant as salt water, hence the falling prices, it is literally found anywhere and everywhere on the planet. The only hope for Christy’s LNG dream is for other jurisdictions (Countries, Provinces) to care about their environment and hold off on Fracking. That could give BC an opportunity to exploit our own environment hoping prices remain profitable while others wait on their gas deposits for a safer more enviro technology is discovered. However those who are left in the game will no doubt be Third World Petro States who will compete BC/Canada to the bottom. Nice vision for the future?
Drill baby, drill! :-)
Me too, drill drill.
Exports of LNG to the USA in the past few years have declined. At the same time exports of LNG from the USA to Canada have increased.
The US imports approx. 40% of the LNG produced in Canada, the balance is consumed in BC, or the rest of Canada.
The production of LNG has peaked in all areas of Canada except BC. Projections are that there will be a shortage of LNG by 2030, and if the Government goes ahead with exporting LNG to Asia, we could experience a shortage by 2020.
Sooooo. All is not what it seems. We are in the process of exporting LNG in the short term to create revenue and jobs, however the result of the policy will be a reduction in revenue and jobs, and a shortage of LNG in the near future.
In order to compete with other exporting Countries, we will have to give all sort of tax breaks and incentives to the LNG Companies.
Short term gain for long term pain.
Once again we are being take to the cleaners.
Oh Palopu, you’re the resident expert of everything LNG, I forgot. You should probably try to warn the many companies who are spending a lot of time and money to make this happen.
JohnnyBelt. The Companies are spending time and money, however it is their time and our money.
The Government has just announced that they will give the Industry $150 Million to be used for road construction etc; In addition the Liberal Government is going to review the taxes on Natural Gas, with a view of reducing taxes to industry.
You draw your conclusions and I will draw mine.
At the moment I am having all sorts of trouble dealing with all the terrible things that were going to happen to BC if the HST was abolished.
The HST is gone. The Province is doing quite well, which means (to me) that those in favour of the HST were basically feeding us a line of crap.
I’m just trying to figure out why you think you know something about LNG development they all don’t?
If the HST wasn’t abolished, I think we’d be in pretty much the same place we are now. We’re still paying PST/GST, but I’m sure you know that already. We have been through this several times.
The true test of the viability of LNG in BC is a signed contract by the private sector that does not involve huge subsidies by the taxpayers of BC.
JB’s comment: “drill baby drill” seamut’s comment: “Me to, drill drill”.
As far as comments go.. not very deep. Then JB states; “Oh Palopu, you’re the resident expert on every thing LNG, I forgot.” Then states; I’m just trying to figure out why you think you know something about LNG development they all don’t?”
Same old same old, Palopu makes intelligent comments and observations on LNG and JB asks questions. Same old sack of hammers trolling anyone that has thought provoking comments, but offering none himself.
You and seamut are like little dogs (pardon the pun) barking around our ankles trying to get attention, aren’t you?
People#1: “Same old same old, Palopu makes intelligent comments and observations on LNG and JB asks questions.”
Sorry, People#1, your credibility as to who’s making intelligent comments was shot a long time ago. Back to the kiddie table for you.
Palopu makes intelligent comments? Uh palopu, at present, there are no LNG exports from Canada or the US to anywhere.
contractor, Palopu has justified concerns about BC having a shortage of LNG by 2020. A bit soon maybe, but definitely a LNG shortage by 2030 (in 17 years).
This BC Liberal / Conservative Government has turned the Liquid Natural Gas (LNG) taps wide open, and here are the numbers:
“The Kitimat LNG pipeline project consists of a looping of the existing Pacific Northern Gas (PNG) pipeline between Kitimat and Summit Lake to increase capacity (nearly 10 fold) from 115 to 1,000 million cubic feet of natural gas a day and operate a bi-directional pipeline system (east-west and west-east).” *Note they need the bi-directional pipeline system because some of that Natural Gas will be piped east to the Alberta Tars Sands as it expands by 30% and needs more energy to accommodate that growth.
But the Kitimat LNG Pipeline Project is much bigger that just the PNG’s 1,000 million cubic feet of gas per day, the receiving terminal in Kitimat is being constructed to “have access to the natural gas market via its own associated Pacific Trail Pipeline which will link in, not only to the Spectra Energy Transmission Pipeline (formerly Duke Energy), but also the Alliance Pipeline and the TransCanada Pipeline.”
The (four) pipeline link will “connect the terminal to a potential 11.5 billion cubic feet a day supply market (three billion to Alberta and British Columbia, 2.5 billion to the US Pacific Northwest and six billion to California). The terminal is ideally placed for LNG supply contracts from Australia (15 days by ship), Russia (Sakhalin Island, 7.5 days by ship), Indonesia and Malaysia.”
Now we need to ask ourselves, at 11.5 billion cubic feet per day, how many years will it take to pump BC completely dry of it’s natural gas reserves? We are not leaving much of a future for our kids are we?
The information in quotation marks in my post comes from http://www.Hydrocarbons-Technology.com. Visit their website and type in “Kitimat LNG Import Terminal, Canada” in their search field, should you want to learn more about this massive LNG project.
Anything “intelligent” you would like to add contractor or JB?
People: “contractor, Palopu has justified concerns about BC having a shortage of LNG by 2020. A bit soon maybe, but definitely a LNG shortage by 2030 (in 17 years).”
Uh, no. There’s at least 200 years worth of natural gas reserves…. that we know of today. That 20-30 year guess may have been true ten years ago, but hydraulic fracturing (shale) has changed the game significantly since then.
Read up on natural gas before making such silly statements.
“200 years of LNG reserves” really? State your source… because your “opinion” does not count for much anymore!
Give us a link to a credible source that supports your statement JB… but as usual you have nothing, nada, zip, zilch, just like your comments JB… empty and hollow.
Here you go.
http://www.energybc.ca/profiles/naturalgas.html
No here you go JB!
According to British Columbia’s Oil and Gas Commission our current reserves of natural gas total roughly 33 trillion cubic feet.
Last year we produced a record 1.2 trillion feet of natural gas. With the Kitimat LNG terminal expansion on the way, and 4 others in the planning stage, our projected natural gas production would be in the order of 4 trillion cubic feet per year.
So lets do the “math”: 33 trillion cubic feet divided by 4 trillion cubic feet per year equals = 8.25 years. Even if we extracted and produced natural gas at last year’s rate (1.2 trillion cubic feet) we would pump our province dry of natural gas in 28 years.
http://www.policyalternatives.ca/publications/commentary/depleting-natural-gas-reserves-makes-no-sense-bc-0
200 year supply??? Your ignorance on some of the most important issues that face us is astounding, reckless and irresponsible JB, you must be a Lib-Con!
Lol. A left wing think tank website. That’s the best you got, huh?
And just for a second, let’s say your made up numbers were true. Why are so many companies willing to spend billions to build pipelines to the coast for such a miniscule supply? Your lack of understanding of basic economics is astounding.
You clearly didn’t even look at the link I posted. You’re not interested in the truth, just in your own preconceived biases. Expand your horizons beyond left wing think tank websites and you just might have a chance.
Feeling silly yet?
I had no idea the British Columbia Oil and Gas Commission was so left wing there JB. According to them our supply of Natural Gas is 33 trillion cubic feet. If you have a problem with the numbers maybe you should take it up with the Commission, because clearly you know so much more about our Natural Gas reserves than them right JB.
So I asked you to state your source for the 200 years of Natural Gas reserves BC is suppose to have and you post a generic government propaganda site. I believe the BC Oil & Gas Commission over your government propaganda site any day.
“The Commission calculates and reports on reserves annually as part of its efforts to encourage the safe, sustainable development of natural gas in British Columbia. The report, which for the first time breaks down conventional and unconventional gas reserves separately, shows British Columbia has 932 billion cubic metres of remaining raw gas reserves.” *News Release NR 2011-06 Hydrocarbon and By-Product Reserves Report
932 billion cubic meters of Natural gas equals 34 trillion cubic feet of natural gas reserves in BC. So 33 trillion to 34 trillion is the correct amount of oil reserves in BC. Last year 1.2 trillion was extracted do the math and don’t rely on a lying government and industry. I have some swamp land for sale that you can buy, but lets call it beach front because you will believe anything!
They are called lieberals for a reason!
JohnnyBelt, you truly are a one legged man in an a$$ kicking contest aren’t you! LOL I continue to post comments here because I believe the presentation of facts is important for others to read and learn from.
I have no problem researching information from credible sources to reveal the “truth” on various subject appearing here on 250 news.
Remember JB All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. ~Arthur Schopenhauer
You continue to move from level 1 to level 2, but you will eventually get to accepting the fact that we are extracting and selling our Natural Gas at a rate that is unsustainable. Short term gain for long term pain is not the way to go. We are robbing our children, and their children of a valuable non-renewable resource.
We are much too greedy, and need to manage our scarce and limited resources with our children in mind.
People, the site I provided has references for the information. The National Energy Board site also has a lot of information. If you are unwilling to see the truth, I cannot help you.
Don’t let the government lull you into complacency sheeple. Here is the truth:
http://www.bcogc.ca/publications/news-releases
click on the top pdf news release titled “NR 2011-06 Hydrocarbon and By-Product Reserves Report” that news release states that BC has a 960 billion cubic “meter” gas reserve. That translates into 34 trillion cubic “feet” of gas reserves. Last year we extracted 1.2 trillion cubic feet of natural gas… do the math… we will pump BC dry of our natural gas reserves in 28 years.
The 200 years of natural gas claim posted on the BC Energy website:
http://www.energybc.ca/profiles/naturalgas.html
is a lie, the NDP should raise this issue in the legislature! Someone has to standup and call out these lieberals!
Oops, that would be 932 billion cubic meters of natural gas reserves not 960 billion cubic meters!
The only BS I see is coming from you, People#1. Do some research on the Horn River Basin. That resource alone blows your numbers out of the water.
I have to give you credit for sticking to your delusion in the face of many facts otherwise.
Here’s some more reading for you to deny:
http://www.kitimatlngfacility.com/Supply/natural_gas_supply.aspx
“The Horn River Basin in northeastern British Columbia has been called the âcrown jewelâ of Canadaâs unconventional natural gas industry. With some analysts predicting over 650 Tcf of unconventional gas resource potential in British Columbia, full-scale commercial shale gas production from the Horn River Basin stands to change the face of the North American natural gas industry.”
So your source states; “natural gas resources in Canada for conventional and unconventional gas is estimated at 425 trillion cubic feet.”
Yet it also states just BC as having 650 trillion cubic feet… wow that’s more than all the natural gas reserves in CANADA , which includes BC… who is this possible JB?
Wow, it’s not getting any better for you JB, here is an estimate of BC’s 2010 natural gas reserves from the National Energy Board of Canada:
http://www.neb-one.gc.ca/clf-nsi/rnrgynfmtn/nrgyrprt/nrgyvrvw/cndnnrgyvrvw2011/cndnnrgyvrvw2011-eng.html#nnx2
BC is at 565 billion cubic meters, which equals only 19 trillion cubic feet of natural gas. Hmmm…
“A May 2011 report from the National Energy Board and the B.C. Ministry of Energy and Mines gave a medium estimate of 78 trillion cubic feet (Tcf) of gas that could be developed from the Horn River Basin alone. Resource estimates for the Montney, Liard and Cordova basins have yet to be compiled and these will add significantly to our marketable resources.
To put this in perspective, B.C. currently produces 1.1 Tcf annually and shale and tight gas now comprise 50 per cent of this volume. A 2011 report from the BC Oil and Gas Commission confirmed that B.C. experienced a 42 per cent increase in year-end natural gas reserves over 2009.”
Baa Ha Ha.. They refer to the BC Oil and Gas Commission’s 2011 report, but refuse to use the Commissions estimates on BC’s conventional and unconventional natural gas reserves. So when does “cherry picking” the number actually become an outright Lib-Con deception on the size of our natural gas reserves to public and investors?
Someone from the official opposition needs to call these Lieberals out on the numbers!!!
I forgot to link to the source of that ridiculous lieberal statement.
http://www.gov.bc.ca/ener/popt/down/natural_gas_strategy.pdf page 2.
Hey JB, I found another source that confirms and supports the BC Oil and Gas Commission’s estimate of our natural gas reserve. He even did the same calculations me lol.
“Last year, B.C. produced a record 1.2 trillion cubic feet of natural gas â among the most water-depleting and energy-draining gas on earth, due to the deployment of highly controversial fracking technology.”
“According to British Columbiaâs Oil and Gas Commission, our current reserves of natural gas total roughly 33 trillion cubic feet. Based on our premierâs projections of 4 trillion cubic feet per year of gas exports, weâd drain our entire reserves in just 8 years, or less if we continued to supply our own needs and those of our existing customers.”
Look familiar JB… LOL maybe I should be the Vancouver Sun’s Editor…
http://www.vancouversun.com/technology/Depleting+natural+reserves+makes+sense+British+Columbia/7549767/story.html
You are quite the piece of work, People#1. I could tell you that the world is round and you would find some op-ed piece to dispute it.
Not really JB, you have been telling us the world is flat which makes it so easy for me to find credible sources that discredit your assertion.
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