About Me-email is... grant.go@aol.com

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garden bay, west coast, Canada
persistent digging,never say never

Tuesday, January 3, 2017

B.C. Liberals Rich Coleman and Christy Clark-When they look in the mirror they see a 19th century reflection



https://www.youtube.com/watch?v=ig4x2uoBwO8&t=7899s&index=1&list=PLJHvqwajMNjXfPkQENrYqD8kRt6VDAwhR



LNG...not a bridge fuel, a short term energy ponzi scheme run amok.


For the last three months every Postmedia story on BC LNG features but one person blathering..

Rich Coleman has literally pulled every media card out of his stacked deck in an attempt, as feeble as his attempt is...in an attempt to keep the BC delusional LNG fantasy alive..it isn't alive, it's on life support...

LNG will not happen in B.C. in 2017 or 2020....big energy is not interested in expensive BC greenfield projects....BC Liberal government will not secure any real FIDs unless they agree to give the gas away for free...those be the facts on the ground.

Take a look at these feeble attempts by Rich Coleman...the same non-story promoted by CAPP controlled Postmedia..

 December 28th/2016..Vancouver Sun.

http://www.vancouversun.com/business/minister+predicts+northern+coast+decision+mid2017/12603858/story.html

Rich Coleman predicts empty gas fumes.

Same nothing story, same bloated gasman Rich Coleman blathering gibberish  Globe and Mail December 27th/2016.

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/bc-expects-pacific-northwest-lngs-decision-in-summer-of-2017/article33438637/?utm_source=twitter.com&utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links

The same nothing story appeared in the Alaska Highway News...same article appeared everywhere..

So what is going on in B.C. with LNG.....?

Sweet nothing, zip, nada...LNG is dead...

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BC northern gas lands had their worst year ever for drilling...BC Government received a mere $14 million in land sales for the year..the lowest number ever recorded, going back decades..

2016 worst year on record for B.C. oil and gas drilling licences - See more at:

 http://www.dawsoncreekmirror.ca/business/2016-worst-year-on-record-for-b-c-oil-and-gas-drilling-licences-1.4681613#sthash.Ct9668gJ.dpuf

"Sales have been down since 2014 due to slumping oil and gas prices, as well as declining availability of high quality land. In February, the province recorded its first-ever $0 land sale.

When asked for comment, a ministry of natural gas spokesperson said B.C. isn't alone in seeing lower natural gas revenues."   

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The latest Petronas news is....Petronas is now musing about moving part of their project to Ridley island..

Petronas is doing no such thing, the story is unsourced..


What the story is really about....Petronas is not building anything in BC...not unless they get free gas and or the LNG glut ends..it won't end...LNG experts have come around to my forecasts that the glut is here until 2030...

From the above article..

"But with oil and gas prices depressing Asian LNG prices, it makes sense to try to get the project’s capital costs down, and choosing a site that does not require a $1 billion suspension bridge might go some way in accomplishing that.
When LNG projects were first proposed for B.C., there was some urgency in getting them approved and built, since the companies were in a race to lock up long-term offtake agreements with Asian buyers.
But those projects missed the last window, and there is now an oversupply of LNG on the market, thanks in part to new LNG projects now in production in Australia. The demand for LNG in Asia has also slowed somewhat.
Analysts now predict the next wave of demand for LNG in Asia will occur between 2025 and 2030"
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The present LNG ponzi scheme is on the verge of collapse..

There is no one to sell LNG to....Japan as a LNG market is gone...nuclear restarts and a declining population...Japan is now reselling LNG cargoes they contracted to buy, thus taking away market share from the now many LNG sellers..

Europe's electricity demand is, like many first-world nations...falling, even with populations growing electrical demand is in decline because of efficient homes and modern technology...

In fact electric cars are the only thing keeping electrical demand up in Europe....without those new electric cars Europe would be awash in electricity...electricity coming from renewable power..

The World Nears Peak Fossil Fuels for Electricity

The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end—in less than a decade. That's according to a new forecast by Bloomberg New Energy Finance that plots out global power markets for the next 25 years. 
Call it peak fossil fuels, a turnabout that's happening not because we're running out of coal and gas, but because we're finding cheaper alternatives. Demand is peaking ahead of schedule because electric cars and affordable battery storage for renewable power are arriving faster than expected, as are changes in China's energy mix. 
Here are eight massive shifts coming soon to power markets.

1. There Will Be No Golden Age of Gas

Since 2008, the single most important force in U.S. power markets has been the abundance of cheap natural gas brought about by fracking. Cheap gas has ravaged the U.S. coal industry and inspired talk of a "bridge fuel" that moves the world from coal to renewable energy. It doesn't look like that's going to happen. 
The costs of wind and solar power are falling too quickly for gas ever to dominate on a global scale, according to BNEF. The analysts reduced their long-term forecasts for coal and natural gas prices by a third for this year's report, but even rock-bottom prices won't be enough to derail a rapid global transition toward renewable energy. 
"You can't fight the future," said Seb Henbest, the report's lead author. "The economics are increasingly locked in." The peak year for coal, gas, and oil: 2025.

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China won't be buying Canadian LNG...they will be buying Russian gas/Iranian gas?Iraqui gas/Qatar gas....
In fact China is now going to supply Pakistan with LNG..Cheap LNG that is..
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China set to initiate construction work on LNG pipeline

"In a major and positive development, China Pipeline Petroleum Bureau (CPPB) is all set to initiate in the ongoing month of January 2017 the construction work on the mega project of $1.325 billion 700 km LNG pipeline to be laid down from Gwadar to Nawabshah, a senior official of the ministry of petroleum and natural resources told Pakistan Observer.

“The LNG pipeline project will be completed and operational by June 2018.”
Apart from it, two LNG terminals at Gwadar will also be constructed by the same Chinese company which will be part of the LNG pipeline. The two LNG terminals will be constructed at the cost of $350 million having the capacity to regasify the LNG of 1.2 billion cubic feet gas per day. “If the cost of the two LNG terminals is included then the whole cost of the project will stand at $1.675 billion,” the official said.
The project of two LNG terminals to be installed at Gwadar port will be forwarded to ECNEC for approval in coming days and the construction work on pipeline will be initiated in two weeks.

However, the pipeline will be having the capacity to transport 1.952 bcfd out of which Gwadar is to be provided 100 mmcfd gas in the first phase and when pipeline starts in-taking Iranian gas."
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Do you see the price of building pipeline in China and Pakisten?...1/5th the price to build a pipeline from northern BC to our coast..
Australia has 5 LNG plants coming online before 2020...
Egypt has discovered vast amounts of domestic gas...Israel is getting into the LNG/gas game...
As is Indonesia..Malaysia..Russia..USA..Mexico..Iran..Iraq...Qatar..Australia...Nigeria..Papua New Guinea...Norway...all of the Stan nations...Kuwait..Chad..Oman..
Even the LNG supply deal Fortis BC had with Hawaii is caput...Hawaii is going straight to renewable..no fake LNG bridge fuel scam for Hawaii..
There is simply too many nations vying to sell gas to too few buying nations...The great hope is India as a LNG market...the problem with India is..They will only take LNG if it is cheap..that rules out BC greenfield gas..
So who the hell is Petronas going to sell LNG to?
Even today, the Vancouver sun has an article about renewable power...
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Here comes the sun: In less than a decade, solar power will likely be the cheapest option everywhere on Earth

JESSICA SHANKLEMAN AND CHRISTOPHER MARTIN, BLOOMBERG NEWS  
Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere.
In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. Now, Saudi Arabia, Jordan and Mexico are planning auctions and tenders for this year, aiming to drop prices even further. Taking advantage: Companies such as Italy’s Enel SpA and Dublin’s Mainstream Renewable Power, who gained experienced in Europe and now seek new markets abroad as subsidies dry up at home.
Since 2009, solar prices are down 62 percent, with every part of the supply chain trimming costs. That’s help cut risk premiums on bank loans, and pushed manufacturing capacity to record levels. By 2025, solar may be cheaper than using coal on average globally, according to Bloomberg New Energy Finance.
“These are game-changing numbers, and it’s becoming normal in more and more markets,” said Adnan Amin, International Renewable Energy Agency ‘s director general, an Abu Dhabi-based intergovernmental group. “Every time you double capacity, you reduce the price by 20 percent.”
Better technology has been key in boosting the industry, from the use of diamond-wire saws that more efficiently cut wafers to better cells that provide more spark from the same amount of sun. It’s also driven by economies of scale and manufacturing experience since the solar boom started more than a decade ago, giving the industry an increasing edge in the competition with fossil fuels.
The average 1 megawatt-plus ground mounted solar system will cost US73 cents a watt by 2025 compared with US$1.14 now, a 36 percent drop, said Jenny Chase, head of solar analysis for New Energy Finance.
That’s in step with other forecasts. 
GTM Research expects some parts of the U.S. Southwest approaching US$1 a watt today, and may drop as low as US75 cents in 2021, according to its analyst MJ Shiao. The U.S. Energy Department’s National Renewable Energy Lab expects costs of about US$1.20 a watt now declining to US$1 by 2020. By 2030, current technology will squeeze out most potential savings, said Donald Chung, a senior project leader. The International Energy Agency expects utility-scale generation costs to fall by another 25 percent on average in the next five years.  The International Renewable Energy Agency anticipates a further drop of 43 percent to 65 percent for solar costs by 2025. That would bring to 84 percent the cumulative decline since 2009.
The solar supply chain is experiencing “a Wal-Mart effect” from higher volumes and lower margins, according to Sami Khoreibi, founder and chief executive officer of Enviromena Power Systems, an Abu Dhabi-based developer.
The speed at which the price of solar will drop below coal varies in each country. Places that import coal or tax polluters with a carbon price, such as Europe and Brazil, will see a crossover in the 2020s, if not before. Countries with large domestic coal reserves such as India and China will probably take longer.
Coal industry officials point out that cost comparisons involving renewables don’t take into account the need to maintain backup supplies that can work when the sun doesn’t shine or wind doesn’t blow. When those other expenses are included, coal looks more economical, even around 2035, said Benjamin Sporton, chief executive officer of the World Coal Association.
“All advanced economies demand full-time electricity,” Sporton said. “Wind and solar can only generate part-time, intermittent electricity. While some renewable technologies have achieved significant cost reductions in recent years, it’s important to look at total system costs.”
Even so, solar’s plunge in price is starting to make the technology a plausible competitor.
In China, the biggest solar market, will see costs falling below coal by 2030, according to New Energy Finance. The country has surpassed Germany as the nation with the most installed solar capacity as the government seeks to increase use to cut carbon emissions and boost home consumption of clean energy. Yet curtailment remains a problem, particularly in sunnier parts of the country as congestion on the grid forces some solar plants to switch off.
Sunbelt countries are leading the way in cutting costs, though there’s more to it than just the weather. The use of auctions to award power-purchase contracts is forcing energy companies to compete with each other to lower costs.
An August auction in Chile yielded a contract for 2.91 cents a kilowatt-hour. In September, a United Arab Emirates auction grabbed headlines with a bid of 2.42 cents a kilowatt-hour. Developers have been emboldened to submit lower bids by expectations that the cost of the technology will continue to fall.
“We’re seeing a new reality where solar is the lowest-cost source of energy, and I don’t see an end in sight in terms of the decline in costs,” said Enviromena’s Khoreibi.

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You might be wondering why Postmedia actually posted a truthful article....The reason..BC Liberal LNG delusion is over...the new meme is....(it's not the BC Liberal Government's fault, it's technology)

Bullshit...Christy Clark won the 2013 BC election on a $trillion dollar lie...She wears it..

Petronas is not going forward...LNG Canada is not going forward...Woodfibre LNG in Squamish isn't going forward either..

The only thing going forward is a $15 billion dollar Site C dam boondoggle....And we don't need the power..Alberta doesn't need Site C power and as for electrfying our northern gasfields...There is no justification because there is no LNG industry coming to B.C....Electricity rates are being sold for 1/5th the cost of Site C dam power...BC is going to lose its shirt with Site C..or lose BC Hydro to private hands over unsustainable debt.



The world is awash in natural gas and LNG...

BC Voters deserve better from Keith Baldrey..Vaughn Palmer...Vancouver Sun..Global BC....

LNG is dead..and it won't be revived....

LNG is a ponzi scheme, and like all ponzi schemes....The pyramids collapse.

I'll be doing another blogcast radio spot with CanadianGlen on January 11th/2017...

https://twitter.com/canadianglen


2 hours of The Straight Goods on LNG and politics...The good, the bad and the ugly..eer, I mean Christy Clark-The habitual liar

The Straight Goods

Cheers Eyes Wide Open


5 comments:

Anonymous said...

http://www.nasdaq.com/markets/natural-gas.aspx?timeframe=7d

North Van's Grumps said...

Page 6 of 11

Item 4

tab-e-bc-pnc-report-to-mrbb-no--may--en.pdf


Page 7 of 11

******************

More importantly on this document on Page 2 of 2 there is a map with four anchor symbols: one at Prince Rupert; one at Kitimat; one at Woodfibre Howe Sound; and one ????? north of Howe Sound ... Sunshine Coast?????


LNG Card

Grant G said...

Thanks NVG....I believe that to be Powell River, that is where a LNG pipeline would cross over to Vancouver Island to a potential Campbell River LNG project(Quicksilver)..That won't happen and..Quicksilver energy went bankrupt 2 months before the NEB granted them a 25 year LNG export license...

Anonymous said...

http://www.naturalgasworld.com/jera-imports-first-us-shale-lng-into-japan-35266

Anonymous said...

BC is starting to smell like a barnyard.Must be an election coming up,