Finance Minister Off to Malaysia
Victoria, B.C. – B.C’s Minister of Finance, Mike de Jong, is on his way to Malaysia to help seal the deal for the Pacific NorthWest LNG facility.
The LNG legislation which set the ground rules and tax regimes for LNG in B.C. was passed on July 21st, and ratified two days later. That legislation was a step the project’s proponents wanted before making a final investment decision.
“Now that the Province has met its obligations, we are an important step closer to the company’s final investment decision and the start of an LNG industry in B.C.,” said de Jong.
During this six-day trip, de Jong will meet with key government officials to discuss the ratification of a project agreement with Pacific NorthWest LNG, which is majority-owned by Malaysia’s nationally owned oil company, PETRONAS.
The project is estimated to cost $36-billion and would be located on Lelu Island near Prince Rupert. The proposal calls for two liquefaction trains, two LNG storage tanks, marine infrastructure with two berths for LNG carriers and a material offloading facility, as well as administration and auxiliary buildings.
The project is still under federal environmental assessment.
Comments
Others get rich as our liberal government sells of our natural resources and environment to foreigners.. All for about 150 jobs
No royalties to the province? No profit sharing? No shares in Petronas? No representation on board of directors?
Unsophisticated yokels giving away the farm for a pound of beans every year….sad and pitiful
What’s the value of the natural gas in the ground if a well capitalized, multinational company doesn’t build the infrastructure to extract it, transport it, liquefy it, then transport it again? Zero. P Val, Prince George and Jimmi – are you three in a position to build the necessary infrastructure? Nope? Then stop complaining.
“Unsophisticated yokels giving away the farm for a pound of beans every year….sad and pitiful.”
Welcome to the world of the First Nations when they were trading furs for glass beads.
Former chief of staff to Gordon Campbell; Brown said Clark made wildly unrealistic promises in the last election, including a $100-billion “LNG Prosperity Fund” that would wipe out the province’s entire debt. Two years later, with no LNG deals in place, Clark is desperate to deliver anything, Brown said. “The companies knew it — they had her over a barrel,” he said. “She had to make these concessions because she was so politically exposed on her promise to produce these LNG plants.”
IMO, not only do these LNG companies have Christy over a barrel, BC is getting put over a barrel for the next 25 years!!! We are getting screwed!!! Thanks high school Christy!!!
Looks like it only takes one person to sell the farm. O and don’t foget that highway Christy that you still have to twin.
“Thanks high school Christy!!!”
Continuation of ad hominem attacks. They do nothing to lifting the level of debate.
More aptly stated, she is a university dropout. She attended Simon Fraser University, the Sorbonne, and the University of Edinburgh to study Political Science and Religious Studies. Actually, those two go quite well together. I never thought of that until I read that.
She joins the ranks of Bill Gates, Steve Jobs, Mark Zuckerberg. Michael Dell, Ralph Lauren, Robert Frost, Frank Lloyd Wright, Tom Hanks, Coco Channel
High school dropouts: Walt Disney, Al Pacino, Wolfgang Puck, David Karp (Tumblr).
My point is, she has “failed” to get a degree at any university she has attended. I call her “high school” Christy because the only education level evidence she can nail to a wall is her high school diploma. Let’s see you refute that gopg2015! I think you are smart enough to back out of a debate when you know the facts and the truth are not on your side… perhaps another time?
Well I for one wish him a good trip. Don’t forget to bring an empty suitcase. (for souvenirs)
Sophic, a person can have more degrees than a thermometer and still screw things up beyond belief! Many of these highly degreed characters lack the most important qualification: Common sense!
And your point is!
Look what she is doing today and what you are doing. Must really suck that some people can do something with their lives even with just a high school education and some can spend 1/2 of their lives just complaining about it like you.
Don’t give a shat what kind of education one has as long as they have some common sense. This deal is non-sense,cant make no sense of it at all. Truth be known its our money that they are playing with, for little return. B.C. keeps spiraling deeper and deeper into debt with these clowns at the helm!
Comparing Christy to bill gates.. The big difference is gates is successful at his job.. Crusty is horrible ..she hasn’t done anything positive for be since she has been in the political theatre..
VOR do you know me? Or my education..no.. Then guess you shouldn’t be telling me what I can and can’t do.. Be best to shut your pie hole unless you decide to put your other foot in it.
“My point is, she has “failed” to get a degree at any university she has attended”
It is a fact that she has not received an earned degree and can be agreed to by everyone involved in the debate. That is not a point which carries any weight in a debate since it is a fact.
However it is not an indicator of skills, knowledge, attitude, success, and so on. It might be true on the average, but it is not true for those on either end of the bell curve. There are people who have extremely high levels of education who are at one of the low ends of the bell curve of success and have nothing to show for the level of education they have achieved. Similarly, there are those at the other low end of the bell curve who have all the success in the world, but have no formal education to show for it. Are they educated? You bet! They are the ones who have done better on their own.
Humans are not all made out of the same die. We are all different. One size does not fit all in our case.
The sooner you learn that, the sooner you will learn that ad hominem arguments are not argument for anything. They just point to the type of character of the person who uses them. It is something they do not teach in any school other than the school of life.
Tossing education level as a way to try to question the premier’s qualifications is actually an improvement, one or two usernames ago @ss used to throw marital status in for good measure:P
@P Val Here are a couple of positives….long term deal with the tf something no other premier of any stripe has been able to do since JC was in short pants….let you keep more of your six figure income with one of the lowest provincial tax rates in the country. Want more?
P VAL > Some people think that becoming a Premier of a Province is an achievement beyond the average person.
A politician’s life is not easy. People who have your opinions are going to be around for the best of politicians. That is something a Bill Gates is not required to deal with.
BTW, I was not comparing Bill Gates to anyone. He is just one of those who dropped out of University because he was bored and a waste of his precious time. He proved to be correct.
I do not know why Christy Clark dropped out of University. It could range from family, to boredom, to opportunity presented without a degree. Whether one likes her as a person or as a politician does not matter. She is still the premier of BC and so far there have only been 34 who came before her. That is a select group of people no matter which way one looks at it.
BTW, when I came here over 40 years ago from Ontario people were not going to college or dropping out of college because jobs were plentiful and they simply took those jobs because they wanted to get some money, have fun, start a family, buy a house, etc.
Some of those people ended up being relatively “successful” in their 30s, 40s, 50s, had jobs no different than the ones who had a diploma or a degree.
That was life in PG. Now there are supposedly no jobs, so employers set the standards higher. If there were to be a boom again, it would switch right back to those time.
Harper has a masters degree.
So does that mean we should call him Master Steve re: high school christy
I was trying to figure out why he made it to PM. Now I know.
gopg2015 states; “I do not know why Christy Clark dropped out of University. It could range from family, to boredom, to opportunity presented without a degree.”
You missed the more obvious and common reason that post secondary students fail and drop out; too much partying and drinking pantie remover… who knows but Christy herself, so your guess is as good as mine.
ski51… LOL you are most likely correct, Harper would want to have us call him master, considering how narcissistic he is… just read this:
www. canada.com/ottawacitizen/news/story.html?id=9c6b53f6-f0a2-4eca-93bb-559023144731
This Martyn Brown you keep quoting. Is he the same Martyn Brown that was basically responsible for shoving the PST down our throats? Is he the same one as the the person who was the architect of the BCR sale? Or is he the bitter, angry Martyn Brown who was shown the door by Christy Clark & now will write for almost anyone to get back at her? Just curious. Future generations will decide if the LNG deal was a good deal, not some angry former government employee with a chip on his shoulder.
Oh, I just remembered, he is the first PM since Joe Clark to not have a law degree. I guess that can’t be considered a failure. More like a smart decision.
Both are from Calgary.
“You missed the more obvious and common reason that post secondary students fail and drop out; too much partying and drinking pantie remover”
That statement sure ages you Sophic. Sounds like personal experience to me.
A couple of posits paves.. Well here are a tons of negatives… Charging half a million a year on her credit card while expecting seniors to be feed garbage food…. Breaking the law by ripping up the teachers contract illegally… Gouging our education system… Longer wait lists in hospitals for surgery… Taking 900 million from ICBC and putting into general revenue then raising insurance rates… Taking 10’s of millions from hydro then raising our rates.. Paying for the birk trial… Dropping the ball big time on highway to tears investigation.. Etc etc etc
So gopg2015 now I am back to being an “old” person again, you people really should make up your minds. Meh… if Hart Guy can own a business on here, I can be any age I want… and I am going with 29. ;-) But let’s not make this about myself, this is about high school Christy sell BC’s LNG out for a song.
https: //pbs.twimg.com/media/CJgk2Z5VEAAUpVb.jpg
Rather simplistic approach but it does show how much better Australia’s deal with the LNG industry is than BC’s.
A simplistic cartoon does not explain a thing, especially when it is from the opposition. What does on expect.
You are not going to tell me that they will NOT hair ANY local labour and that Australia will NOT use any foreign consultants at the least.
Australia does not have the expertise to design and manage the construction of an LNG plant. In fact, they may even end up hiring a Canadian Company that has operations all over the world, including Australia.
Would those who complain about the Petronas thing be happier if the province had created an LNG crown corporation monopoly with billions of borrowed dollars of liability added to the provincial debt and beaurocrats running it?
Off the topic, mostly: A former B.C. premier had a degree in social work, although no marine engineering degree, resigned and is now successfully running the J. Patterson empire. To each his own.
Most of the stupidest peaple I have come across have a massed produced cookie cutter uni education. Universities are about money first education second. UNBC always reminds me of pleasant Ville.
smh.com.au/business/woodside-seals-lng-export-deal-with-british-columbia-government-20140117-310gy.html
Educate yourself Sophic and start to understand that the nonsensical cartoon, and that is what it is, a cartoon, is so far from the real world of what is happening with the LNG process that it is beyond belief that someone would actually fall for that.
As you can tell, the article is from Australia.
Enjoy.
So the take away from that then would be that one needs to have a degree in social work in order to successfully run a large company.
Fools rush in where wise men fear to tread. This is certainly the case with the Christy Clark Government and LNG.
BC arrived at the LNG table a day late and a dollar short. They are now kowtowing to PETRONAS and the Malaysian Government to get at least one LNG plant in the works before the next election. They are selling out our natural gas reserves when the prices are the lowest they have been in many years, and will continue to be low for years to come. In addition they are building Site C at a time when our only customers the USA, and Alberta, are building natural gas plants to generate electricity, and they will require less electricity from us in the coming years. We certainly do not have enough industry in BC to consume all the electricity that we plan to generate.
So I give them a **fail** on LNG, and a **fail** on Site C.
I have to agree with P Val and Sophic Sage to the degree, that perhaps, Christy Clark, Mike De Jong, and Bill Bennett, are not the best people to represent us at the table with Multinational companies.
**Come into my den said the spider to the fly** comes to mind.
We have had to go arounds at least now with coal from Tumbler Ridge. Up to start with …. then down …. then up … now down again…
I keep writing on here, get something else other than natural resources going. They are very dependent on the economy.
Let me ask you Palopu and Sophic, how knowledgeable are you about the actual deal? Do you know whether there are clauses in there which relate the price paid to the economic condition in the world and specifically in Canada? Something similar to the lumber agreement with the USA.
Also, do you really think those 3 are the negotiators? I do not for one minute think that. They re the final decision makers, but they make those decision on scenarios provided for them by their negotiation consultants. Their decisions are only as good as the recommendations from the consultants.
In fact, both of you know squat about the details of the deal. The Devil is in the details.
Hey, how’s the Enbridge pipeline going.
How are all those other projects in the major projects inventory going? Some have been in there for several decades including the Coast Inn expansion, the PAC, etc. Once they are in there they never leave.
Those architects and engineers are sure slow in designing the building that replaces the building that is there, but then is not there … the Delta ,,, and now, I forget the name already.
The 4th Avenue Days Inn is also not moving. It is for sale again. So good bye Holiday Inn or whatever was going to move in.
So many plans …. but until one has a key and can get into the house, the hotel or the plant, ain’t nothin’ there. It’s the nature of the development business whether local, provincial, national or international … except in China from the looks of it.
Gopg2015.. Do you know why the lumber agreement was so bad for Canada? If so please educate us
gopg2015. The decision to go to LNG and Site C are political decisions, and were made primarily to promote the present Government and give the impression that they are actually doing something and providing jobs, etc; for the citizens of BC.
No one is privy to the confidential details of these types of decisions, however we are privy to how political parties operate, and we know that we are dealing with a coalition Government that should have lost the last election, but somehow got elected.
This present Government is a joke, and if there was some reasonable alternative other than the NDP, they would not be in power to-day. Having said that we have to play the cards we have been dealt.
LNG and Electricity exports at this time considering the world markets, and the pending recession is probably some of the dumbest decisions ever made by a political party.
We are in debt. BC Hydro if it was a private company would be bankrupt. Speaking of bankrupt, when it comes to good Government and new ideas the present Government is bankrupt.
The short version
1. The USA is a protectionist country that promotes free trade for its benefit only. ( I could stop right there actually).
2. the USA has a market that is at least 10 times the size of Canada
3. the USA lobby of aged sawmills was far stronger than Canada’s
All that really did not matter much since the bottom dropped out of the housing industry in the USA when, as if by magic, the greed of people south of the border to build bigger houses as an investment came to an abrupt halt. The US home owner is still suffering big time, around 30% paying into monthly mortgages which still do not give them any equity in their houses.
In addition, BC got a poor deal within Canada since the east got preferential treatment.
What happened to the forest industry would have happened in either case because of the MPB, whose full effect is yet to be felt.
The largest mistake made was some time ago, likely happening over time, the Canadians did not take on the world with marketing their lumber. They cut too many 2-byswhen that is not what the rest of the world. They use the wood, but not in the dimensions which most plants were willing to mill it to.
“LNG and Electricity exports at this time considering the world markets, and the pending recession is probably some of the dumbest decisions ever made by a political party.”
You know that these projects are a decade or more away from actually producing anything.
You should also know from past history that major projects are investments and that typically that more of those investments are made during recessionary periods to keep the economy going.
Perhaps you would prefer a depression. Imagine Canada in a depression and other parts of the world in strong growth. How much of Canada and Canadian businesses do you think they would buy up then because unlike most of them, Canada still has lots of space and lots of natural resources? We just don’t have enough people to defend it by wielding our weight around. So we learn to be diplomatic a best as we can.
Just remember the saying about living next to the elephant to the south of us. Well, these days with a “smaller” world due to instant communication tools we are discovering that there are many more elephants than the one to the south.
So, you are skirting the questions of what details you know about the deal with Malaysia to make an informed decision how good or how bad it is. In order to do that, you would also have to know the deals and the potential deals others can make with LNG. Do not forget about Russia when you consider your answer.
Here are some numbers to help your thinking regarding proven reserves
Russia – number 1 over 20% of world’s reserves
Iran – number 2
USA – 5th about 5% of world reserves
Australia – 12th
China – 13th
Norway – 16th
Canada – 21st about 1% of world reserves
They are proven reserves, some are 2010 figures others 2014
Change in technology and interest in exploration will affect those numbers
How much Natural Gas a country has will affect the price they are able to sell it for.
The only thing we could have done and, in my view we should have done, is not sell it. BUT, this country, not just this province, is unable to let the resources sector remain at the current level and increase the services and manufactured products industrial capacity. That is where all those other countries, including the small ones which also have natural resources, are beating us at.
world.cwclng.com/programme
The World LNG Summit will address many of the key questions facing the global LNG industry including:
1. What effect is oil price instability having on the global LNG business?
2. How will China develop its LNG business competitively?
3. What is needed to maintain momentum in North American LNG projects?
4. How will Japan’s energy balance change with the phased restart of its nuclear plants?
5. What will be the impact of higher market liquidity, more players and increased competition?
6. How will lower oil prices impact the small-mid scale sector?
We know what the effect of competition was on coal from Tumbler Ridge. I see no reason why it would not be the same with LNG. If LNG prices on the world market drop, then some plants will no longer be viable and shut down. All it takes is for Russia and/or Iran to get into the market and start lowering prices.
The higher the price we or any other country with Natural Gas demands, the higher the risk of the plant shutting down. Negotiation for building the delivery system to the ship, including the plants which will compress the gas to a liquid is a fine balance.
Both Palopu stated who knows how decisions are made regarding Site C and the LNG deal, gopg2015 states the same when it comes to the LNG Deal.
I guess we will never know, even if the official opposition (NDP) requests that information through a formal Access to Information Act application, it will probably just get deleted, or shredded, anyway.
So we are now selling off our gas at a minimal rate, at a lower price point that we pay as consumers in BC. To allow for the gas extraction we pay for the province to construct Site C on the peace river through higher hydro rates. Under previous governments they used our low hydro rates to encourage companies to come to BC and pay higher wages while they could be competitive on the world market with lower costs for hydro and natural gas, now that we are exporting our natural gas at market prices our competitive advantage has expired, how companies are going to have to shut down and lay-off workers.
minion2014, funny that you should mention that we are now selling off our gas at a minimal rate! Isn’t that what we do with our oil? Also funny is that you should mention shut downs and lay-offs!
The majority of our Canadian oil production occurs inland! We sell the bulk of our production to the USA. We accept their price as we do not have the means to get our oil to overseas markets at higher world prices!
So much of the Canadian economy, my economy and your economy is affected by what happens in our energy sector! Take a look at the massive layoffs in the oil industry! Consider the loss of revenue to governments, from royalties all the way down the line to the income taxes no longer being paid by laid-off oil patch workers! The effects trickle down and permeate our entire economy!
We have the opportunity to diversify the markets for our oil! We have the opportunity to receive higher prices for our oil, higher than what we are receiving from the USA! But in order to do that, we need to get our oil to our coasts and onto ships which will move our product beyond the good ol’ USA and into world markets paying world prices!
How do we do that, you ask? Hmmm…perhaps we could build a pipeline or two and while we are at it, let’s expand an existing one or two lines as well!
But heaven forbid, we can’t do that!!
Or, can we??
“The only thing we could have done and, in my view we should have done, is not sell it. BUT, this country, not just this province, is unable to let the resources sector remain at the current level and increase the services and manufactured products industrial capacity. That is where all those other countries, including the small ones which also have natural resources, are beating us at”
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Agree completely! The root of the issue, in my opinion, is that we will always see ourselves as hewers of wood and drawers of water. There will be pockets of innovation and some of that will occur outside of the natural resources sector, but nowhere near enough to TRULY diversify our economy and move away from our dependancy on the natural resources sector. Thus, we get forced into making poor decisions because people don’t see any other options for us.
Our country needs to become far more sophisticated with respect to how we approach our economy. That goes for the feds, provincial governments and even regional economies. Everybody.
Christy Clark was out maneuvered by Petronas who viewed her Liberals as politically vulnerable due to her over-the-top campaign promises re LNG. ClarK and Liberals have undermined BC’s sovereignty and basically given away BC LNG at bargain basement liquidation sale rates, with thin job prospects to BC citizen’s. …just so she can say she honoured her campaign pledges. Petronas has no oversight by the country’s parliament. A clique of business elites run this corporation which is dangerous to BC.
Hart Guy states; “So much of the Canadian economy, my economy and your economy is affected by what happens in our energy sector! Take a look at the massive layoffs in the oil industry!”
Wrong!!! “The oil industry isn’t remotely the entire Canadian economy,” declared Prime Minister, Stephen Harper, on January 22nd. That is not a startling statement. Production of crude oil represents just 3% of Canada’s GDP.” Ask me to state my quoted source Hart Guy, I dare you.
At 3% of Canada’s GDP tell us how so much of Canada’s economy is affected by the energy (oil) sector Hart Guy. By investing so heavily in the Oil / Fossil Industry the only thing this Harper Government has done is link our Canadian dollar to the price of oil. This Harper government has put all of Canada’s eggs in the petrol basket and now that it has tanked, and so has our 70 cent dollar.
“The only thing we could have done and, in my view we should have done, is not sell it. BUT, this country, not just this province, is unable to let the resources sector remain at the current level and increase the services and manufactured products industrial capacity. That is where all those other countries, including the small ones which also have natural resources, are beating us at.”
We cant manufacture unless we can figure out how to make robots do it because our labour costs are too high, end of story. Our auto manufacturing is going south for that very reason – the only saving grace our auto industry in Ontario has right now is the low loonie. We can barely make 2x4s cheap enough to sell with supermills and reduced workforces. Why do you think our new “sister” city is so big on manufacturing? Our minimum wage may be able to provide enough room to manufacture goods at a profit but who works for minimum? Can’t even get a kid to work at Mickey Dees for minimum never mind a union.
Wrong SS – the tar sands represents 3% of Canada’s GDP not all oil extraction
Our low loonie has saved manufacturing, guess he didn’t put his eggs in one basket
No one has yet shown that site c is not needed backed up with facts. Hydro generation is cheaper than gas. Hydro rates going up because of 65 billion in contracts to IPP’S. Palopu sage your thoughts on that 65 billion. Site C has also got to be built to back ipp non firm power.
Palopu, ” IfBC Hydro was a private company, it would be broke” I disagree, they would be rolling in the dough because they wouldn’t have the government skimming all the profits to balance their so called balanced budget.
Mal Asia would be more appropriate name for one of the most corrupt countries in Asia . Well done Crissy . They must have been really impressed with the BCR deal . Maybe give them a 999 year lease . Poor stupid canada .
slinky > That is a very closed mind about the use of robots and automation.
Today’s lumber supermills are so automated that when I visited a plant in Whitecourt many moons ago, they had 7 people on a shift who basically monitored the entire automated production system. They had more maintenance staff to ensure the automated system was functioning properly and kick in when something was down. Essentially they were doing preventative maintenance.
We (that includes mainly such countries as Sweden, Norway, Switzerland, Germany, etc. who have developed the mechanics and electronics involved) have figured it out when it comes to wood construction based products.
One would think that because we are such a wood oriented manufacturing centre that we would would be competitive in providing the world with the products we buy from other countries. That, however, is where we are a huge failure.
That is going on right now with the new generation of windmills as well. We have a vast country where we can and do install them, but we buy them from such countries as Denmark and the USA.
The world has figured out how to build cars using automation and robotics to create metal sheets, form them in presses, apply protective coatings, transport them individually to the production line, assemble them and use people as a last resort to install items such as dashboards which are as yet inaccessible by robotic machines (that too may have changed by now). Cars are pretty much the same way all over the world right now and that the manual labour content has dropped considerably.
You see people, Palopu has this thing with Site C and he is impossible to move from that position. I think it has to do with the fact he was not fed with breast milk or something like that.
I would not be surprised if hydro from Kemano and or Site C will be used to compress the gas in the LNG plants rather than using natural gas. There is no carbon tax on electricity. When it comes to operating an LNG plant in BC (if it will come to that) the operator(s) will not be exempt from BC taxes such as the carbon tax. That much I have been able to find in the literature.
Gopg say it ain’t so . Are you saying that a million people are not going to come marching into BC after all ? I thought that was the biggest pile gov bs I had read for a long time too . Almost as stupid as harpy saying Canadians are more worried about security and risk . That’s sort of true . Canadians are worried about security but not from his latest boogeyman . Canadians worry about job , food , ecological security and the risk that moron has put our country in .
P Val wrote: “All for about 150 jobs”
The estimate is 100 to 200 for jobs at an LNG plant. There is a possibility that no plants will be built or that 1, 2, 3, and possibly more will be built. 3 are being built in one location in Australia right now.
Then we have the jobs at the port transfer of the LNG to the ships. And upstream we have the monitoring and maintenance staff along the pipeline and, of course all the field workers drilling for wells and maintaining them afterwards. Those are all direct, permanent jobs dealing with LNG. After that come the multipliers for the jobs created to service those people with places to live, transportation. Food, etc.
And we will have some leakage with people going to Mexico to get away from the northern weather.
The 150 direct jobs is a major underestimate.
Good post, gopg2015! Canada has a huge potential to generate huge amounts of clean wind turbine power. The turbines should be dotting our landscape in every province and since Canada is not as densely populated as most European countries they would be less intrusive on our population. At the same time Canada has totally failed in getting involved in RD, engineering, manufacturing and exporting wind turbines. Just one example of how we have managed to lack behind and rely on others to do the labour and manufacturing for us.
Even for some of our basic domestic mining ventures we have allowed foreign workers to be brought in! Recently I rejoiced when I actually found a product with the label Made in Canada! After doing some more research I found out that the label referred to the plastic container only! The contents was Made in the USA. Go figure!
Princegeorge bang on ! The vast majority of our (taxes) R&D money goes to the the oil sector . Oily Canada .
Just one of many proposals
LNG Canada – $25 billion to $40 billion
In May 2012, Shell Canada formally announced the development of a proposed two billion cubic feet per day liquefied natural gas export facility on the site of the former Methanex methanol plant.
LNG Canada is a joint venture led by Shell (50 per cent interest) along with PetroChina Co. (20 per cent), KOGAS (15 per cent) and Mitsubishi (15 per cent). CFSW LNG Constructors, a partnership of Chiyoda, Foster Wheeler, SAIPEM and WorleyParsons, was announced as the main contractor for construction of the LNG Canada facility on May 20, 2014.
The project consists of the construction and operation of natural gas treatment facilities, liquefaction and storage facilities, marine terminal facilities, an interconnecting cryogenic transfer pipeline, and supporting infrastructure.
LNG Canada will initially consist of two-trains, each with the capacity to produce six million tonnes of LNG per year, with an option to expand the project in the future.
Approximately 5,500 – 7,500 jobs will be created during construction and 400 – 800 for operations.
In February 2013, the National Energy Board awarded a permit to export up to 24 million metric tonnes of LNG annually over 25 years. A project description was filed with the federal and provincial environmental assessment agencies in April 2013.
In November 2014, a power agreement was reached with BC Hydro to allow LNG Canada to USE CLEAN. RENEWABLE ELECTRICITY for ancillary needs.
The project received provincial and federal Environmental Assessment Certificates in June 2015.
A decision to move the project into development could be taken in late 2015/early 2016, with start up around the end of the decade (PENDING regulatory approvals and INVESTMENT DECISIONS).
OOOOOOOOOOOOOOOOOOOOOO
None of these projects are a sure thing. However, they have to start somewhere. Nothing gets built unless a lot of time and money is invested at the beginning and people manage to get off their behinds, unlike most of us on here who are retired and have had their chance at being part of past projects which have helped the country get to where we are. Just remember, Kitimat was not there until the early 1950s when people came primarily from Western Europe to offer their brains and muscles to create it. That will be the no different now.
For further readingon the proposed projects: kitimat.ca/EN/main/business/invest-in-kitimat/major-projects.html
Have any of the site C pumpers read any of the studies/reports? The only parties that see a need for site C are the government, their devoted supporters and those who see development, at any cost, as a good thing. We should be generating with all available sources, and offering cheap energy as an incentive for heavy industry.
LNG is a low energy density fuel, best utilized close to the source. We should have a NG economy. The energy co. I am employed by has approached the government, in regards to gas turbine generation, only to be told we will not generate using gas. Our clean air legislation won’t allow it. But we’ll use massive amounts of energy to liquefy and ship it to countries that are going to burn it to produce electricity.
LNG will help diversify our economy a bit, it won’t save us.
LOL … with a moniker like “govsux” why am I not surprised to read the words “The only parties that see a need for site C are the government….”
“LNG is a low energy density fuel, best utilized close to the source” You must mean NG
It is called BC Hydro, not BC Gas. That is Fortis. If you want to sell gas to generate electricity, make you pitch to them
“we’ll use massive amounts of energy to liquefy and ship it” Who says they are going to liquefy it with gas.
“We should have a NG economy”. We do. “TransCanada PipeLines Ltd. was incorporated in 1951 to undertake the construction of a natural gas pipeline across Canada. The financing of the project was split 50-50 between American and Canadian interests”
When I grew up in Eastern Canada our house had a natural gas stove in our new house in 1957 as well as hot water and furnace. No more oil tanks; no more high electricity bill. Wonderful difference in cooking. I am amazed bout how few people in PG have NG stoves.
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