Optimism Remains for LNG
Prince George, B.C. – There may well be positive news on LNG development in the coming months.
Minister of Natural Gas Development, Rich Coleman says the next year or so is going to be important for LNG “Because I think there may be one, two maybe three FID’s ( final investment decisions) in the next year. It’s important because we need to get into the game now that we’ve done all this work ( taxation regime and regulatory process development) and continue to be competitive that will keep that business here.”
Coleman says all of the LNG companies he has spoken with in the past few months are on the same path established two years ago.
“I am confident that we have established the competitiveness, the market is a concern for some, but for others, we have a unique situation in British Columbia. first of all, we have better ambient temperature than anywhere else in the world which as one person from a conference said “that’s like getting your pipeline for free” because it takes less energy to make LNG in British Columbia.
Coleman says the beauty of LNG in B.C. is that the gas, the pipeline, the shipping, can all take place in B.C. “They don’t have to cross a border to do it. They’ve got the ability to do ‘all in’ in British Columbia.”
Coleman knows there are some who say LNG development in B.C. has ‘missed the boat’ “The one thing I have learned is that when you are working on big projects, there will be naysayers and pessimistic pundits who say it will never happen.” Coleman says even with the low price of crude right now there is a silver lining for LNG, as manufacturers now have the capacity to produce the materials they need, and the prices are better.
He says the LNG investments are long term, that no company makes this kind of significant investment on something that is only a year or two of life.
“I am very positive about the future for LNG, that’s my job, but it’s also my belief and I think we are going to have a very positive year.”
Comments
“Coleman says the beauty of LNG in B.C. is that the gas, the pipeline, the shipping, can all take place in B.C. “They don’t have to cross a border to do it.”
It would be nice to see a commitment to ensure British Columbians are first in line for jobs.
Actually Coleman is full of gas. He is like a small boy whistling past a graveyard.
We might get a few LNG projects, (that’s a mighty big might) however the jobs provided will be no where near what they would have you believe, and once the LNG plant is up and running there will be very few jobs.
Same thing applies to Site C. Short term jobs and then zilch. So in my estimation this LNG/Site C discussion is more about getting elected than it is about long term stability and jobs for this Province.
So Palopu you are saying we should have no construction at all because once a job is completed there are few jobs afterword?
Once your favourite gas generation plant is constructed how many jobs are left behind?
Construction is generally perpetual, workers move from job to job. Go to any construction site and ask the workers their construction history, you will find it quite varied.
The jobs are not only in construction. That goes for Site C and any LNG infrastructure. Tradespeople and the usual staff will be needed on a very long term basis for maintenance and repair. No need to wallow in negativity.
here is how construction fits into employment
Instead, the biggest employers in the province are:
•Construction – 205,000 jobs
•Manufacturing – 164,000 jobs
•Tourism – 127,000 jobs
•Real estate and property development – 121,000 jobs
The film sector adds an additional 36,000 jobs and the technology sector employs 84,000 people – more than oil, mining, gas and forestry combined.
Actually Coleman is full of gas. He is like a small boy whistling past a graveyard
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Who will be consuming all this LNG. There is a glut off LNG in the Pacific area. Like Australia is next to the existing market. How will Cole Boy handle that? I guess they could give it away to their corporate friend.
Cheers
If you are going to throw your money away for no other reason than the provide jobs, then you may as well spend it on Highways, Universitys, Hospitals, Water and Sewer, Entertainment, cleaning up the environment etc; etc;.
Spending it on mega projects that at the end of the day provide no jobs, comes under the heading of **BS**.
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