Tag: LNG

Place your bets!

Brian Zinchuk: Place your bets! What will the oil price be due to the Iran war?

I’m guessing oil prices are going to shoot up really high, in short order.

I just got in my inbox this morning:

  • QatarEnergy halts LNG production at the world’s largest plant
  • European gas prices up 48% from Friday levels
  • No LNG vessels transiting the Strait of Hormuz
  • Around 20% of global LNG supply effectively cut off

But there was “No business case” for Canadian LNG. Or Energy East, for that matter.

Also:

AtkinsRéalis’ Case for CANDU Part 2: A Canada-wide fleet purchase?

On the topic of nuclear power: Mike Harris, former premier of Ontario, will be talking nuclear power generation on the Pipeline Online Podcast on Tues., Mar. 3, at 10 a.m. Join us live on X at https://x.com/Pipeline_Online. I plan on asking about the big picture considerations on nuclear power.

LNG Canada goes online and how that impacts Saskatchewan

First ship leaving LNG Canada. LNG Canada photo

LNG Canada ships first cargo, making Canada a global player.

I provide some analysis on how this will impact Saskatchewan in the first part of the story.

Also:

Poilievre posts “Meet Hardisty” video about and its importance to Canada

Donald Trump’s disdain for wind energy could create windfall for Nova Scotia: experts

Energy Realities Podcast: Geopolitical issues and oil. Some interesting discussion about Carney killing the digital services tax to placate Trump, forgoing this thing called “rule of law.”

Are you sitting down?

 

Are you sitting down? Quebec open to rekindled GNL Québec gas facility project amid U.S. tariff threats. Didn’t the premier just say no, again, to Energy East? As posted yesterday, Brad Wall noticed that.
I happen to know the CEO who leased a huge amount of acreage in Quebec for natural gas development many years ago. He figures they have enough gas to provide about a third of their own needs. But the Quebec government banned fracking, and that was the end of that. I think they still might be in court over it.
Jim Warren: Environmental policy makers around the world require greater adult supervision: Canada and Sri Lanka provide examples.

Suncor Energy earns $818 million in fourth quarter, upstream production rises

No business case

Irish company planning to produce jet fuel in Goldboro, N.S., at former LNG site

Note: Goldboro was one the leading candidates for a Canadian East Coast liquefied natural gas export facility, the type German Chancellor Olaf Scholz basically begged Canada for. However, Prime Minister Justin Trudeau said there was “no business case,” for Canadian LNG in this context.

But apparently cutting trees to make “sustainable aviation fuel” is quite alright.

Also:

Patchwork Podcast: Lloydminster Heavy Oil Show Part 1 – Energy Minister Jim Reiter, Lloydminster Mayor Gerald Aalbers

Weekend Watch: Why all eyes are on Arkansas Lithium. There are numerous parallels to what’s happening in Saskatchewan lithium

Will a First Nation-owned pipeline be without protests and opposition?

Can’t imagine why oil shippers demand explanation from Trans Mountain for pipeline cost overruns, can you?

B.C. First Nation and Western LNG partner to purchase natural gas pipeline project. Can they succeed in bringing a major pipeline in on time and on budget, or will they face the same perils as Trans Mountain (above) and Coastal GasLink? Will other First Nations do all they can to halt it, like GasLink? Will they destroy equipment and raid camps?

US Bureau of Land Management accepts bids for the sale of Federal Helium System. FYI the US Govt getting out of #helium is what’s driving Saskatchewan’s burgeoning industry

Clean Electricity Regulations, LNG and fusion, oh my!

Steven Guilbeault. X/@s_guilbeault

Guilbeault’s proposed Clean Electricity Regulations have been slightly modified. This is the Canadian Press story. I’ll be working on this to have a lot more in depth next week.

In my editors note, I point out: Pipeline Online will have extensive coverage on this early next week, including reaction from the Saskatchewan government. The “Clean Electricity Regulations”, if implemented, will be one of the largest and furthest reaching policies in recent Canadian history, impacting almost every aspect of our society and economy.

I should point out the most important lesson I ever learned about government communications came from a first season episode of The West Wing, called Take out the Trash Day.

This announcement from Guilbeault came out early Friday afternoon. Imagine that.

https://twitter.com/s_guilbeault/status/1758547663958483250?s=20

Also:

Peter Zeihan makes some sense, kinda sorta, out of Biden’s LNG export approval pause.

And who needs small modular reactors when we can apparently just jump to fusion? Hasn’t fusion power been just 30 years away for something like 60 years?

One BC First Nation standing in the way of another’s development of LNG terminal

The Nisga’a signed one of the first modern treaties in 1999, and is well on its way to making a final decision next year on the development of a multi-billion dollar LNG facility, with the backing of numerous natural gas producers, including Crescent Point Energy. But its neighbouring First Nation, the Lax Kw’alaams, are standing in the way. In the meantime, the world isn’t waiting and another opportunity for Canadian LNG is going down the tubes (posted last week).

Also: Senator Pamela Wallin was doing video interviews decades before Zoom existing. Last week she spoke to Pipeline Online editor and owner Brian Zinchuk regarding electrification, EVs, fuel economy, nuclear power, heat pumps, carbon tax and whole lot more.

Speaking of which, the Epoch Times picked up Zinchuk’s recent column on five year plans for the “Just Transition.”  Since that publication’s driving purpose is to fight against the Chinese Communist Party, they might know a thing or two about how five year plans went there.

Trudeau says we shouldn’t burn oil, but process it. And build lots of nuclear

Trudeau speaks of supplying natural gas to #Germany, despite his government killing Energie Saguenay. And he wants to build lots of #nuclear, too. And he wants carbon capture, but his government won’t allow enhanced oil recovery incentives. We shouldn’t burn oil, but process it. 
And he said all this in front of the German president, months after he told the German chancellor there was “no business case” for LNG.

And who’s paying for that $9 billion stake?

The cost of the Trans Mountain Expansion pipeline has shot up another 44%, to $30.9 billion. Project managers say it’ll be finished this year (from what I hear, not so much). And yet Indigenous groups are seeking a 30% stake in the project. Where’s that money coming from?

And on the topic of pipelines, it turns out Repsol said it would be too much money to pipeline natural gas from Western Canada to Saint John, New Brunswick, modify an existing LNG import terminal to export, and ship LNG to Europe. Would that be because the pipeline would have to go through Quebec, by chance? So there really wasn’t a business case, or there wasn’t a business case because of a.) Quebec and b.) the federal government? Would this have worked under a Harper or Poilievre government?

Just as the world cries out for Canadian LNG, “No business case” Trudeau has totally failed us

First Germany comes to Canada, looking for LNG (liquefied natural gas). Then Japan. And we have nothing to give them. Why?

Justin Trudeau. That’s why. And his merry band of anti-energy protestors and ministers.

While the US has moved fast and hard to get LNG export facilities in place over the last decade, Canada has dragged its feet and stubbed its toe. We let protestors (Coastal GasLink), provincial governments (Quebec) and the federal government (Energie Saguenay) get in the way. Now, while the world is crying for LNG from Canada, we have nothing – NOTHING – to give them.

What else would you expect from a government who killed the Northern Gateway and Energy East pipelines? That scared off Teck from its $20 billion Frontier oil sands project? That hardly whimpered when Biden killed Keystone XL?

The only way this will change is if we have a change in government in Ottawa, and a change in attitude in this nation. We can’t be Can’tada any longer. The world needs us.

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