British Columbia`s LNG Balloon Goes Pop, Christy Clark`s Rhetoric IS Contrary To Facts on the Ground and the Reality of the New LNG Industry

Written by Grant G

A massive energy shift is under way, and it is a good shift for the world as a whole but another deadly blow to Christy Clark and the BC Liberals`s too-late LNG superpower fantasy....

I wrote how recently how experts are saying that near $300 billion in proposed/planned LNG liquefaction construction is surplus to the needs of the world...

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 Study Reveals Surplus of Future LNG Projects

A new global gas study published by the London-based Carbon Tracker Initiative, identifies $283 billion of possible liquefied natural gas projects to 2025 that are likely to be surplus to requirements in a low demand scenario.

A transition to a low carbon economy indicates there is some room for gas demand growth to 2040, unlike coal and oil use that must peak and decline. But if the world is to stay within a carbon budget that limits global warming to the 2⁰C U.N. target, energy companies will need to be selective over which gas projects they develop. This is also the case in a low demand scenario.
The study finds that over the next ten years $82 billion of potential capex in LNG plants will not be needed in Canada, $71 billion in the United States and $68 billion in Australia in the lower demand scenario. The value of unneeded LNG projects rises to $379 billion by 2035, according to the study.
“Investors should scrutinise the true potential for growth of LNG businesses over the next decade. The current oversupply of LNG means there is already a pipeline of projects waiting to come on stream. It is not clear whether these will be needed and generate value for shareholders,” said James Leaton, Carbon Tracker’s head of research.

http://www.lngworldnews.com/study-reveals-surplus-of-future-lng-projects/

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Also...Iraq, and Iran have massive conventional natural gas reserves, no need to frack for this gas, those Nations, because of war, infighting and sanctions have been shut out of the natural gas game, but not for long, not anymore..

You can add Turkmenistan to that group now too...

Those Nations are busy as beavers constructing natural gas pipelines to China, Pakistan and ultimately India...Thus those countries will have plenty of cheap piped natural gas, no need for vast distant ocean crossings, think about this, LNG carrier tanker vessels have to cross the Pacific Ocean twice for each and every single Asian delivery, not once but twice...

Fresh off the newswire...

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Turkmenistan is currently implementing several major projects aimed at increasing the production and export of natural gas, as well as the projects for deep processing of gas, the country’s Ministry of Oil and Gas Industry and Mineral Resources said July 23.

The total cost of these projects is $20 billion. Moreover, these projects include the second stage of Galkynysh field’s development, construction of Turkmen sector of the fourth branch of Turkmenistan-China gas pipeline with the total capacity of 30-bcm of natural gas, a plant for polyethylene and polypropylene production in Balkan province, as well as a plant for producing synthetic gasoline from natural gas in Ahal province.

 http://www.lngworldnews.com/pira-lng-balances-continue-to-tilt-toward-supply-overhang/

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So, we have Turkmenistan getting serious about supplying natural gas, pipeline direct to China...

We also have China and Russia joining hands with a massive $400 billion(to start) pipeline natural gas arrangement, and we must remember, China and Russia are very good allies, despite Stephen Harper`s saber rattling towards Vladimir Putin...China and Russia are much friendlier on nation to nation relations....

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BEIJING — China and Russia signed off on a huge gas deal worth as much as $400 billion Wednesday that heralds a pivot east for Russian business amid ongoing tensions with the West over Ukraine, though few details of the deal were made public.

The 30-year gas-export contract, seen as a move by Russian President Vladimir Putin to aggressively shift the country's commercial interests east amid mounting sanctions from the United States and Europe, was signed as the Russian leader has enjoyed a warm welcome in China, where the two countries have inked a raft of agreements during his ongoing, two-day visit.

The price China is paying for Russia's gas was not disclosed but the value of the agreement is thought to be somewhere near $400 billion. The deal, which will see Gazprom gas flow to China from a pipeline in Siberia, was confirmed by China's state-owned China National Petroleum Corporation.

 http://www.usatoday.com/story/news/world/2014/05/21/china-russia-gas-deal/9365155/

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It just keeps getting worse and worse for British Columbia and Petronas...More pipelines are being built to supply Asian gas demand, not LNG but cheap piped natural gas..

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China to Build Pipeline From Iran to Pakistan

 Dubbed the “Peace Pipeline,” the project will further bolster improving ties between Pakistan and Iran, uneasy neighbors for decades as a result of Pakistan’s ties to Iran’s long-term adversaries, Saudi Arabia and the U.S.

 
The pipeline will bring much-needed gas to Pakistan, which suffers from a crippling electricity deficit because of a shortage of fuel for its power-generation plants. Pakistan has been negotiating for months behind the scenes for China to build the Pakistani portion of the pipeline, which will cost up to $2 billion.

 
Tehran says that its 560-mile (900-kilometer) part of the pipeline from an Iranian gas field is complete and has long pressed Pakistan to build its part of the scheme.

 Pakistan is negotiating with China Petroleum Pipeline Bureau, a subsidiary of Chinese energy giant China National Petroleum Corporation, to build 435 miles (700 kilometers) of pipeline from the western Pakistani port of Gwadar to Nawabshah in the southern province of Sindh, where it will connect to Pakistan’s existing gas-distribution pipeline network.....

 Islamabad believes the Iranian gas is the cheapest and simplest energy supply option for Pakistan. Pakistan will also start to take liquefied natural gas from Qatar, and it remains in protracted multicountry negotiations over a pipeline that would bring gas from Turkmenistan through Afghanistan to supply Pakistan and India. 


 http://www.wsj.com/articles/china-to-build-pipeline-from-iran-to-pakistan-1428515277

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 Not just a Russia/China natural gas pipeline, not just a pipeline from Turkmenistan, not just a pipeline from Iran to Pakistan, but also a pipeline from Iraq to Pakistan..

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 PAKISTAN BEGINS CONSTRUCTING LNG PIPELINE

Construction of a pipeline that would enable Pakistan to import liquefied natural gas from China has kicked off, Pakistan’s Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said. 

China and Pakistan will jointly fund the construction of the 700 km long pipeline, Press Trust of India reports.

Minister added that Chinese funds will help the energy-starved Pakistan complete the Iraq-Pakistan gas pipeline.

The central hub for the China Pakistan economic corridor, that aims to link Gwadar to the rest of Pakistan, will be the Gwadar port.

Pakistan recently started LNG imports through Engro Elengy operated terminal in a push to cut reliance on conventional fuels for its power generation. Engro Elengy chartered Excelerate Energy’s 150,900 cbm FSRU Exquisite which is docked at Port Qasim where Pakistan’s first LNG import facilities with a regasification capacity of 4.5 mtpa, are located.

 http://www.lngworldnews.com/pakistan-begins-constructing-lng-pipeline/

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So China and Russia, China and Iraq..China and Iran..China and Turkmenistan,...Joined at the hip with Pakistan and ultimately India....

All those pipelines being built, cheap conventional natural gas pipeline direct to where the gas is needed, no need for expensive LNG liquefaction plants, no need for LNG warming regasification plants, all the while big energy and foolish governments like the BC Liberals talk about massive LNG returns and a growing industry...Well BC Liberals, the LNG industry even before these pipelines are built, even before all the latest Australian LNG plants already under construction have come online...

  Where does British Columbia think Petronas or any other LNG proponent is going to sell LNG, to whom, and what price...Japan?..I don`t think so, Japan`s major industrial sector, and electrical generating sector have been getting hammered financially with expensive LNG imports...Shinzo Abe has vowed to bring back nuclear power for two reason, to save Japan money, and to reduce greenhouse gasses, as nuclear is a clean energy, at least in terms of greenhouse gasses...Sendai 1 nuclear plant should be online by August 10th/2015, in a matter of weeks with four more nuclear plants following suit..

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Fuel Loaded at Japan’s Sendai in Advance of Restart

July 16, 2015—Fuel loading has been completed at the Sendai 1 nuclear plant, which is expected to be the first reactor in Japan to restart since new regulatory standards were implemented after the 2011 Fukushima Daiichi accident.

The 846-megawatt pressurized water reactor also underwent a pre-service inspection and assessments of emergency scenarios. Operator Kyushu Electric Power Co. has planned emergency training sessions for the end of July before the plant’s restart in mid-August.

Also this week, Japan’s Nuclear Regulatory Authority approved the restart of Shikoku Electric Power Co.’s Ikata 3.The reactor is the fifth to receive approval to restart

 http://www.nei.org/News-Media/News/Japan-Nuclear-Update

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What about South Korea as a LNG buyer...Again, that answer is a big fat no! South Korea is switching off natural gas in favour of coal, but mainly in favour of new, cleaner, greenhouse gas free nuclear power,...And boy oh boy are those South Koreans industrious...They aren`t fools, LNG is a dirty word in South Korea, also, the Koreans refuse to be held hostage by the likes of Petronas and the BC Liberals...Indeed, Christy Clark while campaigning in 2013, her big LNG lies, Christy Clark told the world, including our Asian neighbors that British Columbia was going to become filthy rich, no debt, a sales tax free province, debt free province with a $100 billion dollar prosperity fund, a $trillion dollars according to BC Liberal pom pom girl Pamela Martin, all off the back of our hard working Asian friends.....Japan is saying no, South Korea is saying HELL NO!..

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Korea Power Exchange chairman and CEO, Yoo Sang-Hee, believes the country’s LNG demand for power generation will keep dropping due to increased switching to coal as well as the government’s pro-nuclear policies. 

Yoo Sang-Hee told Platts that high prices of LNG compared to coal and nuclear push the demand for the liquefied natural gas further down in the power generation sector as more gas-fired power plants remain idle.

Operating rates of gas-fired power plants went from 61.3% in 2013 to 50.8% in 2014, and as Yoo said, it is expected that these rates will slip to 23.7% by 2019 and even lower to 16.8% in 2022.
He added that half of the gas-fired power plants were shut during 2014.

Cheaper power generating costs from coal plants mean that as soon as there is enough supply, gas-fired  power plants are taken off the market. Yoo says that LNG-generated power costs around US $0.13-0.15  per kWh  which translates to $1.40-1.70 Won which is a lot more than the costs of coal at $0.35 to $0.45 won and nuclear power at  $0.3 to $0.4 won respectively, which makes South Korea the country with the widest difference of power generation cost between LNG and coal in the world.

 http://www.lngworldnews.com/lng-being-pushed-out-of-south-koreas-power-generation-market/

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So who the hell is Petronas going to sell expensive British Columbia greenfield LNG to at a profit..?

Not China, not Japan, not Pakistan, not South Korea, who damn it who?

So, like I said, the LNG market is changing rapidly, and besides all of that bad news for Petronas and British Columbia...The news gets even worse, ....Good news for the planet earth...LNG is being displaced and consumption is on the decline due to another factor...Efficiency of gas use and renewables...clean green renewables are outpacing LNG as an energy source by far...

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NYC-based PIRA Energy Group said it believes that liquefied natural gas supply/demand balances continue to tilt toward a major supply overhang.

While the length in the market has not led to lower spot prices in the past 30 days, the methods required to dispose of incremental LNG supply are becoming more creative, according to PIRA.

European Gas Price Scorecard

PIRA said it has argued for some time that this year’s leisurely attitude toward storage accumulation is based on three principles and it believes these principles are still holding in place.
One is that at least 15 years of gas demand has been lost to a combination of power sector deterioration (renewables), industrial migration to North America (lower gas prices), and efficiency gains (E.U. policy mandates) in the R/C sector.

These losses have made higher storage injections somewhat superfluous for a market that is not growing and has shown over consecutive winters that the amount of incremental gas demand per heating degree day is dropping.

 http://www.lngworldnews.com/pira-lng-balances-continue-to-tilt-toward-supply-overhang/

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Here is a much more detailed explanation as to what is happening in the renewable energy market, and where the market is going....If the BC Liberals want to get involved in a real $trillion dollar industry, renewable, clean green energy is where the action is at, and where the action is expanding exponentially..

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The renewable-energy boom is here. Trillions of dollars will be invested over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that plots out global power markets to 2040. 

Here are six massive shifts coming soon to power markets near you:

1. Solar Prices Keep Crashing

The price of solar power will continue to fall, until it becomes the cheapest form of power in a rapidly expanding number of national markets. By 2026, utility-scale solar will be competitive for the majority of the world, according to BNEF. The lifetime cost of a photovoltaic solar-power plant will drop by almost half over the next 25 years, even as the prices of fossil fuels creep higher.

Solar power will eventually get so cheap that it will outcompete new fossil-fuel plants and even start to supplant some existing coal and gas plants, potentially stranding billions in fossil-fuel infrastructure. The industrial age was built on coal. The next 25 years will be the end of its dominance. 

2. Solar Billions Become Solar Trillions

With solar power so cheap, investments will surge. Expect $3.7 trillion in solar investments between now and 2040, according to BNEF. Solar alone will account for more than a third of new power capacity worldwide. Here's how that looks on a chart, with solar appropriately dressed in yellow and fossil fuels in pernicious gray:

© BNEF Expect $3.7 trillion in solar investments between now and 2040, according to BNEF. Solar alone will account for more than a third of new power capacity worldwide.

3. The Revolution Will Be Decentralized

The biggest solar revolution will take place on rooftops. High electricity prices and cheap residential battery storage will make small-scale rooftop solar ever more attractive, driving a 17-fold increase in installations. By 2040, rooftop solar will be cheaper than electricity from the grid in every major economy, and almost 13 percent of electricity worldwide will be generated from small-scale solar systems.

4. Global Demand Slows

Yes, the world is inundated with mobile phones, flat screen TVs, and air conditioners. But growth in demand for electricity is slowing. The reason: efficiency. To cram huge amounts of processing power into pocket-sized gadgets, engineers have had to focus on how to keep those gadgets from overheating. That's meant huge advances in energy efficiency. Switching to an LED light bulb, for example, can reduce electricity consumption by more than 80 percent. 

So even as people rise from poverty to middle class faster than ever, BNEF predicts that global electricity consumption will remain relatively flat. In the next 25 years, global demand will grow about 1.8 percent a year, compared with 3 percent a year from 1990 to 2012. In wealthy OECD countries, power demand will actually decline.  

5. Natural Gas Burns Briefly

Natural gas won't become the oft-idealized "bridge fuel" that transitions the world from coal to renewable energy, according to BNEF. The U.S. fracking boom will help bring global prices down some, but few countries outside the U.S. will replace coal plants with natural gas. Instead, developing countries will often opt for some combination of coal, gas, and renewables.  

Even in the fracking-rich U.S., wind power will be cheaper than building new gas plants by 2023, and utility-scale solar will be cheaper than gas by 2036.

Fossil fuels aren't going to suddenly disappear. They'll retain a 44 percent share of total electricity generation in 2040 (down from two thirds today), much of which will come from legacy plants that are cheaper to run than shut down.

 http://www.msn.com/en-ca/money/markets/the-way-humans-get-electricity-is-about-to-change-forever/ar-AAbZhP2?ocid=iehp

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That above article is the good news for planet earth and it`s human inhabitants..

Lastly, ....I wrote in the not too distant past about the NEB, how they keep granting export licenses, even to bankrupt broke-ass companies...I also wrote how the future LNG is market is turning to floating mobile operations, Petronas has just signed a deal to have South Korea build their second floating facility, and the NEB just last week granted yet another 25 year LNG export license, this one to the proponent ORCA LNG, ...This project would consist of 6 LNG liquefaction ocean vessels, each one capable of liquefying natural gas, then once their LNG holding containers are full they sail off and deliver the gas to their customers...

This project, if it goes ahead would mean almost no employment for British Columbia, all this company would need is a pipeline from northeast B.C. to the west coast...

Unfortunately for British Columbia this is where the LNG industry is heading, rumors are abuzz as of late...Petronas is in no big hurry to build their B.C. proposed land-based LNG liquefaction terminal..In fact Petronas is on the verge of completely scrubbing their proposed Prince Rupert land-based project for a floating mobile project for Prince Rupert...Thus even the scant employment numbers offered to British Columbia would become even scanter..

Here are the details on Petronas`s awarding of the newest floating LNG facility..


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French LNG engineer Technip informed it has been awarded an engineering, procurement, construction, installation and commissioning contract by Malaysia’s Petronas for the tie-in of PFLNG1 facility to KAKG-A platform in Kanowit field.

The field is located 200 kilometers offshore Bintulu, East Malaysia, at a water depth of approximately 80 meters.
According to Technip, the contract covers the procurement and installation of a 3.2 kilometers flexible flowline between the existing KAKG-A central processing platform in Kanowit field to the PFLNG1 riser. It also includes modification and tie-in works at KAKG-A.

Technip’s operating center in Kuala Lumpur, Malaysia, will execute the contract.  The flexible flowline will be manufactured in Asiaflex Products, Technip’s manufacturing facility in Tanjung Langsat, Johor, Malaysia. It will then be installed by the Group’s multipurpose vessel, the Deep Orient.

The installation campaign is scheduled for completion in late 2015.

Petronas’ first floating LNG production unit, PFLNG Satu, will produce 1.2 million tonnes of the chilled gas per year.  It is currently being built at the DSME shipyard in Okpo, South Korea.

The company also held in June a steel cutting ceremony for its second floating LNG facility at the Samsung Heavy Industries shipyard in Geoje Island.

http://www.lngworldnews.com/technip-scores-petronas-flng-contract/

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And here are the details on the latest National Energy Board awarding of a 25 year natural gas export license, ..on a project that would be completely built overseas,a project that would provide almost no British Columbia jobs..

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 Canada’s National Energy Board (NEB) has approved the application of Orca LNG for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metres.

The issuance of this licence is subject to the approval of the Governor in Council, NEB said on Monday.

According to NEB, the quantity of gas proposed to be exported by Orca LNG is surplus to Canadian needs.

“The NEB is satisfied that Canada’s gas resource base, and the overall gas resource base in North America, is large and can accommodate reasonably foreseeable Canadian demand.

This demand would include the LNG exports proposed by Orca LNG as well as a plausible potential increase in Canadian demand,” NEB added.

Orca LNG is proposing to develop an LNG terminal in the vicinity of Prince Rupert, British Columbia.

The Orca Energy Hub would be a gas gathering and liquefaction facility that would consist of 6 floating liquefaction storage and offloading vessels, permanently moored near-shore.
Each vessel will be able to liquefy approximately 4-5 million tonnes per annum of LNG.

  http://www.lngworldnews.com/neb-grants-orca-lng-export-licence/

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Have a look at the above article, they call it a an energy hub, a gas gathering energy hub, 6 vessels each liquefying their own gas, all these vessels require is a dock and access to BC`s natural gas, thus creating very very few jobs...

Remember the yoga-bridge debacle, one of the sponsors was ALTAGAS...They too are proposing a floating facility for British Columbia, ALTAGAS wants to just hook-up their floating facility to an existing natural gas line in Kitimat, again, requiring almost no British Columbia employment...

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A consortium including Calgary-based midstream and energy firm Altagas Ltd. has taken possession of the proposed Douglas Channel LNG project through a plan of arrangement that ends a Companies’ Creditors Arrangement Act process.

The Douglas Channel LNG Consortium includes AltaGas and partner Japanese energy marketer Idemitsu Kosan Co., Ltd. with one-third ownership, along with EDF Trading Ltd., a subsidiary and wholesale market operator of Electricite de France S.A., and Belgium-based liquefied natural gas shipper EXMAR NV.

The partners propose a barge-based LNG facility near Kitimat, B.C., to supercool and liquefy western Canadian natural gas for export. The project site is secured by a long-term lease with the Haisla Nation and initial nameplate capacity is to be 550,000 tonnes per year.

“The consortium is excited to advance this small-scale floating LNG project and is looking forward to a long and mutually beneficial relationship with the Haisla Nation, building on the newly signed long-term land and water lot leases,” said David Harris, president and chief operating officer of AltaGas, in a news release Wednesday.

http://calgaryherald.com/business/energy/douglas-channel-lng-project-taken-over-by-consortium


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Another proposed floating LNG project, another project built entirely overseas, another project providing almost no employment to British Columbia workers..

Another project, like all the rest that have been granted the ability to write off the entire cost of the build against Canadian owed taxes, writing off $billions of dollars spent in a foreign country, South Korea , Japan, and China..

 The LNG market is being hammered by pipeline direct natural gas, ..gas energy that doesn`t need $billions and $billions in infrastructure cost...The LNG industry is also being whittled away by the real $trillion dollar industry, clean, green renewable energy and new, clean green greenhouse gas free nuclear power..

The days of behemoth land-based LNG plants are quickly coming to an end, and that`s a good thing for the planet...As for the BC Liberal LNG riches, the big bonanza and oversold LNG lies, that game is over, so are the promised riches...Our biggest fear today in British Columbia is a desperate BC Liberal Government and a bought and sold legislative media....The great LNG jobs report by Marc Lee didn`t get one line of press in the Vancouver Sun or Province, they all but ignored his wonderfully accurate report..

The BC Liberal Christy Clark Government is so desperate to get a deal before 2017 election I fear there will be even more financial incentives offered to Petronas and others, to the point that we BCers actually pay these companies to take our gas..

"What a tangled web we weave when first we practice to deceive"

Close To The Edge

The Straight Goods

Cheers Eyes Wide Open

Christy Clark and Rich Coleman are Lying, The Sad Disturbing Facts Meet The Light Of Day(LNG LIES ON STEROIDS)

Written by Grant G



Well, as written here, as written by David Broadband of Focus magazine, you can now add the name Marc Lee at The Center for Policy Alternatives....

 https://www.policyalternatives.ca/sites/default/files/uploads/publications/BC%20Office/2015/07/ccpa-bc_LNG_Employment_web.pdf

Christy Clark and Rich Coleman lied their faces off about potential employment numbers for both LNG in the construction phase and the permanent employment after the LNG plants are built(if any get built)...

Marc Lee released some damning information, Marc Lee discovered that in 2012 the BC Liberals released some credible potential LNG industry employment numbers....But then something happened, something hideous and potentially harmful to BC`s economic future...Christy Clark became anointed premier and was campaigning to get herself elected in 2013...Christy Clark was 20% percentage points behind in the early pre-election polls, Christy Clark needed a miracle, a Hail Mary pass, Clark needed a big game-changing fantasy...Thus the $Trillion dollar LNG lie was created....Christy Clark bought a bus, painted on the sides of the bus was the BC Liberal slogan ..."Debt Free B.C."...Pamela Martin, Christy Clark`s pillow fight and sleepover communications director tweeted out during the heat of the then upcoming 2013 BC election......and I quote..

"What would you do with a $trillion dollars"

 

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The BC Liberal lies were just getting started, anything to hoodwink a voting public into supporting the corrupt BC Liberals, now known not only as corrupt but as habitual bold-faced liars...

Christy Clark and Rich Coleman promised BCers a debt free province, ..Promised a $100 billion dollar prosperity fund..Promised monies to First Nations, all crown debt retired, bridge tolls removed and more, Christy Clark even mentioned that this LNG windfall would eliminate the British Columbia sales tax....And more...Christy Clark made the big lie,she claimed LNG would create 100,000 jobs...

A number now proven to be nothing but a massive deception, a ruse, guile that BC`s media pundits, Vaughn Palmer, Kieith Baldrey, Michael Smyth and Sean Leslie promoted with zeal, even as proof of that employment lie came to the forefront by David Broadband, and The Straight Goods, they all but ignored it, clearly the media had their marching orders and employment perks to soothe their failed journalistic souls...

With the above mentioned media, even to this day, they still deliberately lie about Petronas`s investment dollars, Petronas IS NOT INVESTING  $46 BILLION, not $36 BILLION in BRITISH COLUMBIA.....PETRONAS IS INVESTING A MERE $2 TO $4 BILLION IN B.C....

Back to the phony job numbers....Prior to Christy Clark and the BC Liberals panicking over their election chances, this is what the British Columbia Government said about employment with Three LNG plants..

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"Prior to the 2013 throne speech, however, the BC government’s expectations for LNG jobs were

substantially lower. Its Liquefied Natural Gas Strategy, released February 2012, argued that three

LNG plants in BC would create 800 new long-term jobs in the LNG sector, up to 9,000 more jobs

during construction and several thousand more indirect jobs. later in 2012, government ambitions for LNG had grown to five plants, with internal modelling for the government estimating the

plants would create 2,400 new jobs, with 15,000 temporary jobs during the construction period.

3

The shift in rhetoric about LNG jobs came from a single study commissioned by the BC government just weeks before its 2013 throne speech"

   https://www.policyalternatives.ca/sites/default/files/uploads/publications/BC%20Office/2015/07/ccpa-bc_LNG_Employment_web.pdf

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Do you see that, before Christy Clark started the big election lie, before panic had set in, the BC Liberal Government was reasonable with their LNG employment numbers..Three LNG plants, 9000 temporary construction jobs with about 800 permanent fulltime long term jobs....But ...For a Government sagging in the polls, with a school dropout attempting to become premier of British Columbia, the Christy Clark Liberals needed to go big with the lies and rhetoric...And they did..

Do you see the above employment numbers quoted by the BC Liberal Government in 2012...Three LNG plants, 9000 temporary construction jobs and 800 fulltime permanent jobs...Here is what the habitual liar Rich Coleman  said..

 

From this Straight Goods posting...

 http://powellriverpersuader.blogspot.ca/2014/02/rich-coleman-habitual-liar-cant-stop.html

And I quote...

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 I get a kick out of some of the other folks out there saying: 'You're behind schedule.' "No we're not. We're actually right on the time frame that I established."

One thing that works in the government's favour is the scale of the enterprise. The values are so vast that even delivering a fraction of the potential could count as a win.

Coleman said: "They say: 'They can't all go ahead.(18 LNG Plant proposals)' "I say: 'OK. Let's have three LNG plants.' That's $100 billion. That's 100,000 jobs."

It's that comfort level that's giving him the kicks, and the amusement. snip..


http://www.canada.com/victoriatimescolonist/news/comment/story.html?id=9cc9a3fd-2f0b-4b77-b2e1-40ddae5a1039&k=33176





Do you see that, in 2012 the BC Government said in early 2012 three LNG plants could create 9000 temporary construction jobs and 800 permanent operational jobs...Suddenly when the 2013 election was drawing drew near those three LNG plants morphed to 100,000 jobs and $100 billion dollars....Your nose is growing Rich Coleman, at an alarming rate...

And it wasn`t just Rich Coleman, the lies were written right in the BC Liberal 2013 election platform..

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 "LNG facilities are currently proposed by business groups that include some of the world`s biggest energy companies-Shell, Imperial, Chevron, British Gas, Petronas, SK & and ES of South Korea, Inpex and the Chinese National Offshore Oil Corporation, to name some of the major players, it`s no fantasy.
The projects mean 39,000 jobs to British Columbia during construction with another 75,000 full time jobs created once in operation. We can create 1 $trillion dollars in economic activity and create the BC Prosperity fund with $100 billion over 30 years.
An opportunity this good faces lots of global competition. Premier Christy Clark and Today`s BC Liberals have worked diligently to enable LNG as an economic generator for decades to come."
(BC Liberal platform at below link)

http://files.flipsnack.com/iframe/embed.html?hash=fhcjsxtd&wmode=window&bgcolor=EEEEEE&t=13660594461366059618

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Everything about this LNG industry and their representatives(whores and pimps) are a lie.... Rafe Mair is reporting just yesterday that the LNG lobbying group Resource Works have illegally stolen logos, and made false representations that the Webster Foundation and other foundations are in support of BC LNG and various projects, .....Resource Works have been forced to retract and remove said materials from the website..That story here..

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LNG lobby fakes partnerships with prominent organizations

http://commonsensecanadian.ca/lng-lobby-fakes-partnerships-with-prominent-organizations/

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Those BC Liberal financial numbers and job numbers were an elaborate con-job perpetrated on a gullible BC public, ...With a giant assist from a corrupt bought BC legislative media...

Yes, that especially means you Keith Baldrey..(El Twitter King)

 David Broadband did exceptional work on the big LNG employment number lie....Below is his linked article..

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Did the BC government fake LNG numbers before last year's election?

 http://focusonline.ca/?q=node/695

 

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So did The Straight Goods..

http://powellriverpersuader.blogspot.ca/2013/05/christy-clarks-lng-plans-and-job.html

The BC Liberals lied about the revenues, lied about the job numbers, and they are lying about the amount of available natural gas British Columbia actually has...Renown geologist David Hughes wrote that essay..(linked directly below)

 http://thetyee.ca/News/2013/02/23/David-Hughes-Fracking-Report/

Ok....So, Christy Clark, Rich Coleman and all the BC Liberals, including all our legislative media lied their faces off, ...The job numbers are scant in comparison to the reality of the industry, the revenue forecasts were a lie too, there will be no debt free B.C....No $100 billion dollar prosperity fund, ...The BC Liberals sold out the farm, they indemnified Petronas for 25 years through legislation, they tied future Government hands...They slashed income taxes, slashed royalty rates, they offered free Site C dam power to the LNG industry, they sold out future generations because they are so desperate to get shovels in the ground before the next election...And with all that, the B.C. LNG greenfield industry is still not economically viable...LNG is trading in Japan at just over $7 dollars per million BTUs.....Petronas needs a price of $12 dollars to be economically viable..

China in partnership with Pakistan is building two pipelines to feed India`s future natural gas needs, one pipeline with Iraq, another with Iran....Also, Japan is restarting their nuclear plants...Sendai number 1 reactor is coming online August 10th/2015 with four more nuclear plants following...Thus Japan`s LNG needs are set to fall dramatically...That story here..

http://powellriverpersuader.blogspot.ca/2015/07/british-columbia-liberal-government-are.html

South Korea...They too are dumping LNG as a fuel and they, along with China are embracing Nuclear power as a cleaner, much cheaper alternative to the polluting fuel natural gas..

____________

"Yoo Sang-Hee told Platts that high prices of LNG compared to coal and nuclear push the demand for the liquefied natural gas further down in the power generation sector as more gas-fired power plants remain idle.

Operating rates of gas-fired power plants went from 61.3% in 2013 to 50.8% in 2014, and as Yoo said, it is expected that these rates will slip to 23.7% by 2019 and even lower to 16.8% in 2022."

 http://www.lngworldnews.com/lng-being-pushed-out-of-south-koreas-power-generation-market/

That was reported in this Straight Goods article..

 http://powellriverpersuader.blogspot.ca/2015/06/canadian-lng-news-grim-reality-is-glut.html

There is also the Russia/China $trillion dollar piped natural gas deal, ...China and Russia have inked a massive natural gas supply deal, cheap piped natural gas, no need for expensive LNG liquefaction and or regasification plants..

 http://www.usatoday.com/story/news/world/2014/05/21/china-russia-gas-deal/9365155/

Not only that, Australia has five more LNG plants coming online over the next 18 months, thus making an already over-supplied market worse, all this before British Columbia has a shovel in the ground..

There was a recent study released showing that there is a huge LNG plant over-supply, that basically this LNG plant investment will be money flushed down the toilet, there are only two possible scenarios in this reality...LNG prices will crash to even lower lows or many LNG plants already built will have to close-up shop, shutter their windows and shut down..

__________

  Study Reveals Surplus of Future LNG Projects

A new global gas study published by the London-based Carbon Tracker Initiative, identifies $283 billion of possible liquefied natural gas projects to 2025 that are likely to be surplus to requirements in a low demand scenario.

A transition to a low carbon economy indicates there is some room for gas demand growth to 2040, unlike coal and oil use that must peak and decline. But if the world is to stay within a carbon budget that limits global warming to the 2⁰C U.N. target, energy companies will need to be selective over which gas projects they develop. This is also the case in a low demand scenario.
The study finds that over the next ten years $82 billion of potential capex in LNG plants will not be needed in Canada, $71 billion in the United States and $68 billion in Australia in the lower demand scenario. The value of unneeded LNG projects rises to $379 billion by 2035, according to the study.
“Investors should scrutinise the true potential for growth of LNG businesses over the next decade. The current oversupply of LNG means there is already a pipeline of projects waiting to come on stream. It is not clear whether these will be needed and generate value for shareholders,” said James Leaton, Carbon Tracker’s head of research.

http://www.lngworldnews.com/study-reveals-surplus-of-future-lng-projects/

___________

What can we do now....The BC Liberals sold us out...They lied about revenue, lied about the massive amounts of GHG emissions coming from this industry, lied big-time about the job numbers, more in fact, they didn`t just lie about the jobs they manufactured an elaborate scheme to endorse their LNG employment number lies..

First things first....Our B.C. legislative and mainstream media needs to start telling the truth, they don`t have to be on one side or the other, but facts are facts, they must start telling the truth...They can start by telling the real truth on how much money Petronas is really spending in British Columbia, they can refer to my site for facts and figures, or ask Brent Jang what Petronas`s LNG terminal is worth...However, I won`t hold my breath...

BC`s media are even a bigger enemy than is the BC Liberal Government...

For right now as we speak, the head of Petronas, the Prime Minister of Malaysia is embroiled in a $700 million dollar embezzlement scandal, costing his country their reputation, and wealth, ..Malaysia`s prime minister is reported to have attempted to steal $700 million dollars from a Malaysian people`s investment fund, a fund that has lost $10`s of billions of dollars as is...it has been reported that the Petronas chief transferred this $700 million dollars to his own personal bank accounts...This scandal could see him jailed and see the Malaysian Government brought down..

 That story about the Malaysian prime minister and the shocking embezzlement scandal IS relevant to British Columbia, considering the Malaysian Prime Minister is the head of, and decision maker for Petronas....The Tyee reported on this scandal...

____________

BC's Gas Export Hopes Face 'Scandal that Ate Malaysia'

Asian nation's PM, key to $36 billion LNG bid by Petronas, in corruption probe.

By Andrew Nikiforuk, 24 Jul 2015, TheTyee.ca 

 http://www.thetyee.ca/News/2015/07/24/BC-Gas-Malaysia-Scandal/

_________

The major world-class news outfit Forbes has done reports on the Malaysian/Petronas scandal..

___________

"A task force investigating 1MDB, comprising the central bank, police, the anti-corruption commission and the attorney general's office, has made several detentions. A company owner remanded by the Malaysian Anti-Corruption Commission was released Monday on bail, according to an official at the agency.
1MDB has said reports that it funneled funds to Mr Najib's accounts" 

 http://www.businesstimes.com.sg//government-economy/najib-urges-patience-on-malaysia-probes-as-warns-against-discord

__________

The reason why I have no hope that BC`s main media writers will change their blind-mice ways....I tweeted Rob Shaw...Sean Leslie and Vaughn Palmer and asked them why big media is silent on the major scandal going on with the Petronas chief and Malaysian prime minister, all I received back was silence...

And yes, I politely tweeted Keith Baldrey too, I left the link to the Forbes and Tyee article and asked when and if Global is going to report on that scandal..?

I received silence, oh, I received even more from Keith Baldrey....He blocked me from viewing his tweets...Oh Keith...I, and anyone can run laps around being blocked by Twitter...Fortunately Keith, you tweet nothing but ridicule, snark and ad nauseum, nothing you tweet is relevant, you Keith Baldrey, like your corporate bosses are BC Liberal ball-licking corporate sell-outs, you are enemies of British Columbia..

Perhaps you Keith Baldrey and your fellow club members should read the below article...It`s about journalistic integrity, morality, about the truth...It`s titled..

Conflict of Ethics

 http://powellriverpersuader.blogspot.ca/2012/01/conflict-of-ethics.html

___________

The Straight Goods

Cheers Eyes Wide Open

British Columbia Liberal Government Are Deliberate Liars, Vaughn Palmer, Sean Leslie and Michael Smyth are A Disgrace TO Journalism, MORE LNG LIES EXPOSED(The Proof Is Here)

Written by Grant G

The media in Brutish Columbia is a journalistic joke, those clowns toss around numbers, facts and figures like a Bear Stearns accountant, made up phony garbage, today BC Liberal stooge and radio voice Sean Leslie was calling Petronas`s proposed Prince Rupert LNG  project..."A $46 BILLION DOLLAR PROJECT"...

HAVE THE MEDIA NO MORALS, THEY CAN`T BE THAT STUPID, ...For one...The media keep saying Petronas`s project proposal is a $36 billion dollar project, american greenback dollars. $36 billion dollar.....

The number is spurious, meaningless, the project components aren`t being built in the USA, they are being built in South Korea, China, Japan...The fact that Petronas may have monies in a bank account, monies that are in US dollars, when Petronas buys LNG plant components in South Korea they will pay in South Korean currency, the US greenback has risen against all currencies, not just the Canadian $dollar...

Our BC media....If Petronas was using British Columbia labour(if)...And Petronas uses US $dollars...If a Canadian labourer was being paid $30 dollars Canadian per hour, ...That would cost Petronas only $23 dollars in American currency...Our BC Media keep spinning the Petronas project cost upwards, ..Today Sean Leslie was using the $ Canadian dollar figure...$46 billion dollars for Petronas`s project..

Yet Petronas isn`t buying American made LNG components, Petronas isn`t using American labour...Every part, every piece of Petronas`s project is coming from Asia...Asia`s currency has fallen against the US Greenback too...So..

 So Petronas is not spending $46 billion Canadian, what Petronas has suggested it will spend in Canada on a LNG terminal is a mere $9 to $10 billion dollars(Canadian)...With $7 to $8 billion dollars of that money being spent in Asia, not British Columbia...

Even if Petronas was spending $36 billion dollars on LNG in BC...And that original $dollar figure was in US dollars, the fact that the Canadian dollar fell in value against our American neighbor...Petronas`s cost of doing business in Canada has become 22% cheaper...All BC Labour costs are down...And the fact that Petronas isn`t buying LNG plant components that are made in the USA....But buying components that are made in Asia...Again, Petronas`s initial cost estimate of  three years ago has fallen....

Our media, Vaughn Palmer, Sean Leslie, Michael Smyth, they deliberately skew the financial numbers in order to prop up the BC Liberals...

It`s all bullshit, Petronas`s proposed Lelu island project is to cost a mere $11 billion dollars, not $36 billion, not $46 billion not a Quadrillion trillion million Ugandan peso....

In fact the number $36 billion US dollars is fictional too....Where did that number come from?...It popped up during a Stephen Harper (federal Government) visit to Bali several years ago... The year was 2013....

The number was  pure fantasy, fictional....Why you ask was the number fictional...?

Let us go back to 2013....Stephen Harper at that time in history was feeling the heat for okaying the the Chinese National company CONOC`s takeover of the Canadian company NEXUS...And for okaying Petronas to takeover the Canadian energy company Progress Energy...

Harper was getting backlash within Canada...So, while in Bali attending this meeting the Prime Minister of Malaysia just flung that $36 billion dollar number out there, with no context, with no further explanation of what, when or where...The number befuddled everyone in the Federal Government and to this day that investment number $36 billion dollars has never been clarified..

Here is what I remember from that time in 2013....Petronas proposed an LNG project for Prince Rupert...The cost for the LNG Terminal, the pipeline and adding in the cost of the Progress energy company takeover($6 billion dollars)...All total...In 2013...$6 billion for taking over Progress energy...$10 billion for Prince Rupert LNG terminal and $3 billion for a pipeline from Northeast BC to Prince Rupert, for a grand total of $19 billion dollars($13 billion excluding the cost of taking over Progress Energy, $6 billion)...

The number being bandied about in 2013 was....$19 billion dollars all in....Then the Harper trip to Bali, and this happened....(CBC article)

______________

Prime Minister Stephen Harper arrived in Bali for an Asia-Pacific leaders' summit Sunday bearing what could be called a $36-billion vote of confidence from Malaysia's state-owned oil and gas company.

Malaysian Prime Minister Mohd Najib sprung the "gargantuan" investment figure during a joint availability with Harper in Putrajaya, saying Malaysia's state-owned oil and gas company Petronas has committed to construction of a liquid natural gas plant in British Columbia and the pipeline to feed it.

"I'm told that this is the largest direct foreign investment in Canada by any country," Najib said, flanked by Harper following a formal welcoming ceremony at a sprawling new government precinct outside the Malaysian capital of Kuala Lumpur.


Najib called it a "significant landmark decision" by Petronas, which last year spent more than $5 billion buying Alberta-based Progress Energy Inc.


The Petronas takeover, and a bigger oil patch buyout by China's state-owned CNOOC, prompted months of hand-wringing by the Harper government. It approved the deals late last year but at the same time introduced new rules that permit majority takeovers of Canadian companies by state-owned enterprises only in the most exceptional circumstances.

The policy change put a major chill on direct foreign investment in Canada by so-called SOEs, and analysts have recently begun questioning whether the Conservative policy shift is scaring off much-needed foreign capital.

Najib rode to Harper's defence Sunday, calling the promised Petronas infrastructure investment a testament "to the level of confidence we have in the policies of the Canadian government."


Harper's reaction to the news was almost muted, by contrast.


"Look, we view the Petronas investments very positively and all the indications I have is that Petronas is looking at further investment," said the prime minister.


"The government of Canada is very excited about that possibility, as are all those I've talked to in the energy sector."


However the Prime Minister's Office declined to provide any details of the promised $36 billion investment, referring reporters to Petronas for details. Provincial officials in B.C. had spoken in June of a $19 billion LNG plant and pipeline investment by Petronas,.....

 and it wasn't clear Sunday where the whopping new total comes from.


Both Najib and Harper flew with their separate delegations to Indonesia following the Sunday morning meeting in Malaysia.

Regardless, the announcement provides Harper a much-needed shot in the arm as he brings Canada's trade and investment message to Bali.

 http://www.cbc.ca/news/politics/harper-arrives-at-apec-with-malaysian-promise-to-invest-36b-1.1927464
____________

You see that, the $36 billion dollar investment number was bogus in 2013 and it is even more bogus today, the number is a fraudulent $dollar figure....In fact even the $11. 2 billion dollar figure for Petronas`s LNG Terminal in Prince Rupert is a Fraud...Of that $11 billion dollar cost $8 billion is being spent overseas, not in Canada, not in British Columbia

 __________

Petronas wants engineering work for B.C. LNG venture to be shifted offshore

BRENT JANG

VANCOUVER — The Globe and Mail

Published Thursday, Dec. 04 2014, 5:49 PM EST
Last updated Thursday, Dec. 04 2014, 6:11 PM EST

Petronas plans to push contractors to shift more engineering work for a proposed B.C. liquefied natural gas venture to lower-cost centres offshore as the Malaysian energy giant squeezes suppliers.

Of the total $11.4-billion in estimated construction costs for the Petronas-led Pacific NorthWest LNG export terminal at Lelu Island, there would be $8-billion worth of imported goods and services spread over a five-year period.

 It is in that international component where Petronas hopes to find the bulk of cost savings, but the state-owned company will cast a wide net abroad and in Canada, including having TransCanada Corp. re-examine ways to make its proposed $5-billion natural gas pipeline project more efficient.

 http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/petronas-pushes-offshore-work-for-british-columbia-lng-venture/article21960284/

 
______________

And it`s not just Petronas, British Gas(BG Group)....They too told the public years ago that if they built a LNG plant in British Columbia that it would come from South Korea on barges, in modular form and merely be assembled in B.C....Those facts reported everywhere, except in the Vancouver Sun, The Province, CKNW, Global BC, CTV...Every big media outlet seems to have missed that information, or should I say, failed to report the truth on purpose..

___________

"BG intends to build a facility on Ridley Island capable of producing 21 million tonnes of LNG a year. Called Prince Rupert LNG, it would be built overseas in modules and shipped to Prince Rupert for assembly.

 Even so, the plant would create 3,500 jobs during construction,

 250 permanent direct jobs and another 250 spinoff jobs.

 BG says it is planning to build it in two phases, beginning in 2016.
The first phase — two seven-million-tonne-a-year processing units, or trains — is to be completed by 2021" 

________________________

So not only is our BC Media gutless liars and BC Liberal talking point puppets...They are exaggerating the numbers, spinning the numbers from American to Canadian dollars, making the cost appear even higher when the fact is, ....Petronas`s BC proposed project has gotten cheaper, not more expensive...

To this day, that investment dollar discrepancy in 2013....From $19 billion for Terminal, Pipeline and Progress Energy buy-out cost(all in)..To the $36 billion $dollar investment number "Sprung" on Stephen Harper has never been explained...Why? because it`s all about the game of con...We know the BC Liberals live in a Con-The-Public-World....However, our media are complicit enablers too...Not one major media will ask the BC Liberals to quantify that $36 billion dollar number...In fact the BC Liberals can`t quantify the number  either, because it is a made up piece of fiction...

Don`t expect gutless, lazy, bought media, don`t expect journalistic lie tellers to ever come clean, or to do stellar work....Sean Leslie..Michael Smyth..Vaughn Palmer are liars, cheats, they are BC Liberal spindoctors disguised as journalists...Not one of those Media personalities ever tell the truth when it comes to the BC Liberals..

They are godamn lying provincial sellouts, ....They are media liars attempting to hoodwink the public, those media conmen are lying, with malice, they`re lying on purpose...Everyone of those three media stooges have the information I`m providing....They refuse to tell the truth...

They deserve to have any journalistic accreditation they may possess to be pulled...

Well...now what..?

David Keane...The spokesperson for the BCLNGA(British Columbia Liquid Natural Gas Alliance)...The audacity of those industry pimping whores...Petronas IS A MEMBER of the BCLNGA...So you tell me, on the last day of debate on the BC Liberals`s generational sell-out legislation..On the last day of debate, David Keane, the spokesperson for Petronas comes out swinging for more..

David Keane said of all the BC Liberal tax breaks, all the guarantees, David Keane said...and I quote.

"Not enough" ....David Keane said LNG companies should not have to pay the provincial PST, they shouldn`t have to pay a carbon tax and...And that those foreign owned energy companies should be able to have unfettered access to Temporary Foreign Workers...(read the not so subtle threats here)

 http://www.vancouversun.com/business/pass+25year+industry+wants+more+labour+concerns/11226540/story.html

The audacity, to ask for more LNG financial breaks on the last day of debate on what was already deemed a British Columbia sell-out by the BC Liberal Government...Oh indeed..These LNG companies will not be building a $10 billion dollar Prince Rupert LNG terminal unless they get more...This was a shot across the bow of the SS BC Liberal Ship ....A pathetic piece of BC Liberal legislation on LNG..a piece of legislation where the ink is still wet, and before the ink was dry the LNG industry whores are crying for more...Why didn`t they cry for these added incentives BEFORE the legislation was debated..Why only when this first bit was rammed through?...Why..That answer is simple, when Petronas says no to investing $11 billion dollars(Not $36 billion, not $46 billion) When Petronas says no later this year the BC Liberals will be forced(politically) to give in to Petronas..Christy Clark`s 2017 election chances depend on it...So, only after the LNG industry got the first basket of financial goodies legislated into law that they come out and ask for more...Right?..What`s another two or three financial giveaways at this point, you are almost 89% of the way there now...

That`s what these LNG energy company thieves are up too....Don`t expect our corrupt corporate owned media to tell you the truth or to even stop lying...How hard can it be to clarify that $36 billion dollar number, it was fake in 2013 and even more fake today..

 OK...Now that we have taken care of that BC Liberal and media lie.....There`s more bad news for BC`s LNG fantasy...

Iran,,,,Iran has had their sanctions lifted, and Iran wants to sell their natural gas to China and India...And if you think BC has a lot of natural gas...We know Christy Clark and Rich Coleman have lied about BC`s natural gas reserves,....Iran doesn`t need to lie....If BC has 150 years worth of natural gas...

Iran has 1500 years worth of conventional natural gas, no need for fracking, big, deep plentiful supplies of conventional natural gas...From Wikipedia..

____________

List of countries by natural gas proven reserves

 

Total	World	187,300,000,000,000
1	Russia	48,700,000,000,000	12 June 2013 est.[5]
2	Iran (see: Natural gas reserves in Iran)	33,600,000,000,000	12 June 2013 est.[7]

 

3	Qatar	24,700,000,000,000	June 2014.[8]
4	Turkmenistan	17,500,000,000,000	June 2014.[8]
5	United States	9,860,000,000,000	12 December 2013[9][10]
6	Saudi Arabia	8,600,000,000,000	June 2014.[8]
7	Iraq	6,400,000,000,000	1 January 2012 est.[11]
8	Venezuela	5,724,500,000,000	19 July 2011[12]
9	Nigeria	5,100,000,000,000	June 2014.[8]
10	Algeria	4,502,000,000,000	1 January 2010 est.
11	Bolivia	4,495,000,000,000	1 January 2010 est.[13][14]
12	Australia	4,300,000,000,000	1 January 2014 est.[11]
13	China (see: Natural gas in China)	3,100,000,000,000	1 January 2012 est.[11]
14	Indonesia	3,001,000,000,000	1 January 2010 est.
15	Malaysia	2,350,000,000,000	1 January 2010 est.
16	Norway	2,313,000,000,000	1 January 2010 est.
17	United Arab Emirates	2,250,000,000,000	1 January 2010 est.
18	Kazakhstan	1,900,000,000,000	12 June 2013 est.[15]
19	Uzbekistan	1,841,000,000,000	1 January 2010 est.
20	Kuwait	1,798,000,000,000	1 January 2010 est.
21	Canada (see: Natural gas in Canada)	1,754,000,000,000	1 January 2010 est.

 https://en.wikipedia.org/wiki/List_of_countries_by_natural_gas_proven_reserves

___________

So, now we have the second largest natural gas reserve country entering the LNG and piped natural gas game...

And actions speak louder than BC Liberal or BC Media words..

 __________

China to Build Pipeline From Iran to Pakistan

Long-thwarted project gets go-ahead as Islamabad anticipates lifting of sanctions on Iran

By

Saeed Shah

ISLAMABAD—China will build a pipeline to bring natural gas from Iran to Pakistan to help address Pakistan’s acute energy shortage, under a deal to be signed during the Chinese president’s visit to Islamabad this month, Pakistani officials said.

The arrival of President Xi Jinping is expected to showcase China’s commitment to infrastructure development in ally Pakistan, at a time when few other countries are willing to make major investments in the cash-strapped, terrorism-plagued country.

The pipeline would amount to an early benefit for both Pakistan and Iran from the framework agreement reached earlier this month between Tehran and the U.S. and other world powers to prevent Iran from developing nuclear weapons. The U.S. had previously threatened Pakistan with sanctions if it went ahead with the project.

“We’re building it,” Pakistani Petroleum Minister Shahid Khaqan Abbasitold The Wall Street Journal. “The process has started.”
In Washington, U.S. officials said details of sanctions will be negotiated as part of a comprehensive nuclear deal with Iran due in June.
“We aren’t going to speculate as to how any solutions we may reach in that regard could impact on any particular proposed business ventures,” a State Department official said late Wednesday, adding that “significant support to Iran’s energy sector, such as providing significant investment or technology,” could still result in sanctions under the framework agreement last week....

 Dubbed the “Peace Pipeline,” the project will further bolster improving ties between Pakistan and Iran, uneasy neighbors for decades as a result of Pakistan’s ties to Iran’s long-term adversaries, Saudi Arabia and the U.S.
The pipeline will bring much-needed gas to Pakistan, which suffers from a crippling electricity deficit because of a shortage of fuel for its power-generation plants. Pakistan has been negotiating for months behind the scenes for China to build the Pakistani portion of the pipeline, which will cost up to $2 billion.
Tehran says that its 560-mile (900-kilometer) part of the pipeline from an Iranian gas field is complete and has long pressed Pakistan to build its part of the scheme.

Pakistan hasn’t begun construction, however, in light of threatened U.S. sanctions for trading with Iran. Islamabad had sought to work around the sanctions by asking the Chinese to build the pipeline but not yet connect it to the Iranian portion. The prospect of an Iran nuclear agreement, which would ease sanctions in stages once the deal is completed, has given Islamabad further impetus to clear the project. Among the first sanctions to be lifted, according to the framework accord, would be the ban on Iran energy exports.

“This [Iran nuclear agreement] will help us in getting a few things which were coming into the way of the Iran-Pakistan gas pipeline to be cleared and we will move forward,” Pakistan’s ambassador to Iran, Noor Muhammad Jadmani, said Sunday in Tehran, according a report on IRNA, the official Iranian news agency.

Pakistan is negotiating with China Petroleum Pipeline Bureau, a subsidiary of Chinese energy giant China National Petroleum Corporation, to build 435 miles (700 kilometers) of pipeline from the western Pakistani port of Gwadar to Nawabshah in the southern province of Sindh, where it will connect to Pakistan’s existing gas-distribution pipeline network.....

 Islamabad believes the Iranian gas is the cheapest and simplest energy supply option for Pakistan. Pakistan will also start to take liquefied natural gas from Qatar, and it remains in protracted multicountry negotiations over a pipeline that would bring gas from Turkmenistan through Afghanistan to supply Pakistan and India. 


 http://www.wsj.com/articles/china-to-build-pipeline-from-iran-to-pakistan-1428515277

______________

 So, Iran, China and Pakistan are going to build a natural gas pipeline to Islamabad...That sounds like more bad news for British Columbia...It is, but it gets worse...

Do you see the number 7 country on natural gas reserves...That country is Iraq...Iraq has 5 times the natural gas reserves of Canada(Iran has 10 times Canada`s Natural Gas reserves)...

Iraq wants in on the action too...So, breaking news...

___________

PAKISTAN BEGINS CONSTRUCTING LNG PIPELINE

Construction of a pipeline that would enable Pakistan to import liquefied natural gas from China has kicked off, Pakistan’s Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said. 

China and Pakistan will jointly fund the construction of the 700 km long pipeline, Press Trust of India reports.

Minister added that Chinese funds will help the energy-starved Pakistan complete the Iraq-Pakistan gas pipeline.

The central hub for the China Pakistan economic corridor, that aims to link Gwadar to the rest of Pakistan, will be the Gwadar port.

Pakistan recently started LNG imports through Engro Elengy operated terminal in a push to cut reliance on conventional fuels for its power generation. Engro Elengy chartered Excelerate Energy’s 150,900 cbm FSRU Exquisite which is docked at Port Qasim where Pakistan’s first LNG import facilities with a regasification capacity of 4.5 mtpa, are located.

 http://www.lngworldnews.com/pakistan-begins-constructing-lng-pipeline/

_________

Ok...So here is the deal....The Pakistan and Indian market for LNG and natural gas is gone, Iran, Iraq and Turkmenistan have beat British Columbia, both in terms of proximity and price, conventional gas versus high-priced fracked gas...

Petronas and the BCLNGA have now come out with both barrels blazing demanding the BC Liberal Government drop(For Petronas and all other lNG companies)our PST(Provincial Sales Tax)..Drop our carbon tax and allow unfettered access for TFWs, and not just during construction and or for plant operations...Petronas and the BCLNGA also want the ability to have TFW`s do all the Northeast British Columbia fracking! That`s right, Petronas wants to bring in their own indentured temporary workers for fracking in northeast BC...

And without assurances from the BC Liberal Government on ALL those remaining/outstanding tax issues there will be NO FID...NADA, ZIPPPO, NUTTIN but more hot air talk..

But...Even with all of that, ...The current Asian price for delivered LNG is $7.30 per million BTU`s..

Petronas needs a price between $11 dollars and $12 dollars per MMBTU to break even, they need a higher price to actually turn a profit....So unless the B.C. Liberal Government surrenders every bit of provincial revenue related to Petronas`s operation it can`t run at a profit...

Over to you Christy Clark...How long until you offer Petronas money to take our natural gas?

If anyone wants to read a real good(long) article on the financial structure required to make money on LNG in British Columbia they need to read this...One will quickly come to the conclusion that these energy giants can`t make any money on BC natural gas unless we pay them to take it..




 http://www.cedigaz.org/documents/2015/Canada%20LNG%20%20Final.pdf

__________

Don`t expect Michael Smyth, Vaughn Palmer or Sean Leslie to speak the truth on LNG, they are deliberate liars, journalistic sellouts, ..Yea, journalists can misspell a word or two, bad editing, but as long as the written words are the truth, that`s fine...As for BC`s media....I have one request..

Breakdown that $36 billion($46 billion Canadian) Petronas project and tell us BCers where the money is, or where the money is to be spent..Quantify the investment number..

We have come to expect the BC Liberals of lying about everything...Now(still) our media are lazyass liars, not a single finger lifted in effort to suss out Petronas`s project cost...They refuse, they won`t, they won`t ever write in the press any information that proves they were inept, they will continue to lie about Petronas and LNG until the facts hit them in the head..

I won`t hold my breath waiting on our media!

 


The Straight Goods

Cheers Eyes Wide Open