Christy Clark's LNG Rhetoric....Fiction Versus Facts

 

The below information assembled by Grant G

     

I would like everyone to look at the above chart....The LNG demand forecast for Japan is not flatlining, it's retreating fast...Even with the demand from other countries factored into the mix...The market isn't growing near fast enough to absorb increased production..more nuclear power will be restarted and renewables.....Look below at what Christy Clark told the British Columbia voters in the run-up to, and during the 2013 provincial election....

Oh, as for the above chart...it belongs to this article..

http://www.bloomberg.com/news/articles/2016-07-07/biggest-lng-buyer-expands-europe-links-amid-demand-uncertainty

In that Bloomberg article...JERA....Japan's largest LNG buyer has purchased too much longterm LNG..They have no need for it in Japan....JERA..JERA has comes to new terms..Now, JERA can re-sell this excess LNG into the European market...

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Reality Check | The LNG Boom ?

                                         

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The B.C. Liberals claim future liquefied natural gas sales will help pay off the province’s debt. The CBC News Reality Check team wades through the spin to figure out whether the plan is hype or hope.




“Liquefied natural gas is the industry that will make British Columbia debt free,” says B.C. Liberal Leader Christy Clark.


“We have a plan to export natural gas at five times the price of what we can get here in North America.”




The site has been prepped on the first of five promised LNG plants in northern B.C. where the gas will be extracted, chilled into liquid form and shipped to Asia, where there’s a thirst for LNG after the 2011 earthquake in Japan, which sidelined all but two of the country’s 52 nuclear reactors.




“Their hunger for the cleanest fossil fuel on the planet is almost unlimited,” Clark said earlier this month while on a campaign stop in Dawson Creek.

'Wishful thinking'

But Peter Hughes, a UK energy consultant who specializes in the international trade of LNG, says Japan's willingness to pay sky-high prices is not unlimited. He says the current system of pricing LNG based on the price of oil could soon change.



“The Japanese have now decided they need to move away from oil indexation as the pricing basis for their LNG imports and the government has issued instruction to that effect, which in Japan is a very powerful factor,” he said.

B.C. has major LNG competitors in Qatar, East Africa and Australia.

http://www.huffingtonpost.ca/2013/04/29/lng-christy-clark-bc_n_3177715.html

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Too much gas for too few customers, ...100 million tonnes of new LNG supply(already under construction or near completion) about  to hit the market....

Looks folks....Where is Vaughn Palmer...where is Keith Baldrey..Where is Postmedia....

This LNG thingy wouldn't be a big deal, or an important issue for British Columbia if....

If Christy Clark and her BC Liberal Government didn't promise a $100 billion dollar prosperity fund....the elimination of the B.C.'s growing debt..elimination of crown corporation debt, .the elimination of our sales tax..monies for northern communities, monies for First Nations, money for healthcare and education....

And a 100,000 new high-paying LNG jobs...

if, if Christy Clark didn't promise all that during the 2013 provincial election LNG wouldn't be a B.C. issue...but she did, all the BC Liberals did..

So..Where are you Postmedia..where are you Vaughn Palmer...Where are you Michael Smyth..Where are you Keith Baldrey....Nevermind..

The Straight Goods

Cheers Eyes Wide Open