tag:blogger.com,1999:blog-2435367521078186829.post2475811738530523617..comments2024-01-08T21:00:24.932-08:00Comments on The Straight Goods: Petronas Huffs and Puffs Bullshit, Idle Threats from an LNG Company that Was Walking Away from British Columbia Anyway Grant Ghttp://www.blogger.com/profile/11944976348166120530noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2435367521078186829.post-59157861358653230272016-03-08T23:42:06.611-08:002016-03-08T23:42:06.611-08:00Petronas is walking away...Read between these line...Petronas is walking away...Read between these lines..<br /><br /><br /><br />_____________<br /><br />KUALA LUMPUR: Petronas, through its subsidiary, Pacific NorthWest LNG (PNW LNG), is proactively taking steps to mature its Canadian liquefied natural gas (LNG) project towards its final investment decision,<br />Responding to recent media reports on the status of the project, Petronas said the Canadian environmental impact assessment process for the PNW LNG project was still ongoing.<br /><br /> A final report would be produced by the relevant agency to be submitted to the Canadian government for approval, Petronas said in a statement on Wedneday.<br /><br /> The national oil corporation also said it would review the final report with project shareholders and evaluate conditions attached to the report to further determine their impact on overall cost structure and project schedule.<br /><br /> "The outcome, reviewed together with the LNG market outlook and overall project commerciality, would be used to develop the proposal for an investment decision to be considered by PNW LNG shareholders," the statement added. - Bernama<br /><br />http://www.thestar.com.my/business/business-news/2016/03/09/petronas-taking-steps-to-mature-canada-lng-project/<br /><br />____________<br /><br />Adios PetronasGrant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-69811461769440290312016-03-08T20:51:54.523-08:002016-03-08T20:51:54.523-08:00http://www.reuters.com/article/lng-japan-spot-idUS...http://www.reuters.com/article/lng-japan-spot-idUSL4N16H1IP?feedType=RSS&feedName=rbssEnergyNewsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-56450661674443157462016-03-08T11:45:02.880-08:002016-03-08T11:45:02.880-08:00I seem to recall a year or two ago, Petronas tryin...I seem to recall a year or two ago, Petronas trying strong-arm tactics against us. Hughnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-33705534168836164902016-03-08T10:41:23.709-08:002016-03-08T10:41:23.709-08:00Yes we did Hugh...But unfortunately Postmedia has ...Yes we did Hugh...But unfortunately Postmedia has a working partnership with CAPP.<br /><br />http://commonsensecanadian.ca/defence-oil-industry-sun-editorial-shows-postmedias-colours/<br /><br />Postmedia lies, spins and distorts..<br /><br />"we no longer have journalism, we have Goebellism"Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-87404607259668442952016-03-08T10:27:48.982-08:002016-03-08T10:27:48.982-08:00"The conference board said Progress provided ..."The conference board said Progress provided funding for the new study..."<br /><br />http://www.theglobeandmail.com/news/british-columbia/pacific-northwest-lng-could-boost-bcs-treasury-study-says/article29068633/<br /><br />This article is from today Mar.8, didn't we see this before?Hughnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-56187544911185741252016-03-07T20:48:33.949-08:002016-03-07T20:48:33.949-08:00"It said in January they would be subject to ..."It said in January they would be subject to additional assessment on “direct and upstream greenhouse gas emissions"<br /><br />What about the downstream GHG emissions, such as the LNG tanker ship emissions, and the burning of natural gas at the destination?Hughnoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-30038412137840861302016-03-07T18:48:29.932-08:002016-03-07T18:48:29.932-08:00Thanks Grant for the quick reply. Yes, all my obs...Thanks Grant for the quick reply. Yes, all my observations from up here are that Shell with their Chinese partner are constructing the Pacific Trails Pipeline under the LNG umbrella to be fully converted to Oil (Dilbit - diluted bitumen) after completion. The tank farm will be at Bish Cove on the north shore of Douglas Channel just west of the District of Kitimat.<br /><br />China has built 10 brand new refineries and refurbished 10 others as well as launched 15 brand new VLCC Crude oil tankers specifically for the Alberta Bitumen. China will get their product.<br /><br />Contractors from here to Prince Rupert are spending money preparing for all these "LNG" projects. Most I have spoken with hate the concept of oil, not knowing that is what they are building the sites for.Merv Ritchiehttp://mwpr.canoreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-27366633403093884372016-03-07T18:41:27.228-08:002016-03-07T18:41:27.228-08:00John Aghast...That lawsuit from Petronas will be h...John Aghast...That lawsuit from Petronas will be happening..for sure...Petronas is already suing everyone in sight..These energy beasts will chase money any which way they can..<br /><br />http://www.thestar.com.my/business/business-news/2016/03/01/petronas-demands-rm46mil-from-mclean-for-pipeline-damage/Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-12976421309556568142016-03-07T18:37:20.710-08:002016-03-07T18:37:20.710-08:00Merv....That Shell Canada announcement of awarding...Merv....That Shell Canada announcement of awarding a site prep contract to the Haisla was mere spin...How do you award a contract and at the same time tell the contract awardee that no work will commence until and if a FID is granted...???<br /><br />Merv...That story about the awarded contract came out a day after Shell Canada deferred their Prince Rupert project...It was a media bought special ordered up by Christy Clark and the Fiberals, all in an effort to keep the golden unicorn fantasy alive..<br /><br />The bottom line is...LNG longterm contracts are being inked today, in 2016 for $5 dollars or less per MM BTUs....In other words..<br /><br />Longterm LNG contracts are being signed for less than half of what Shell Canada and Petronas need to break even..<br /><br />Put this puppy to bed...LNG is dead...But Merv..Shell Canada does want a bitumen pipeline from Fort Mac to the coast..Stay vigilant..<br /><br /><br /><br />Grant Ghttps://www.blogger.com/profile/11944976348166120530noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-34158691301850780832016-03-07T18:21:51.615-08:002016-03-07T18:21:51.615-08:00I hope you'll be available Grant, when PETRONA...I hope you'll be available Grant, when PETRONAS sues for 'loss of anticipated profit' when they walk away from this deal. I wonder if Chrispy can then put the royalties back where they belong, in case some future generation can benefit from this resource? I can hardly wait for March 31st to hear the latest!John's aghasthttps://www.blogger.com/profile/17373273843457791978noreply@blogger.comtag:blogger.com,1999:blog-2435367521078186829.post-1586997685484962872016-03-07T18:11:34.550-08:002016-03-07T18:11:34.550-08:00How does this announcement fit into the picture yo...How does this announcement fit into the picture you clearly detail.<br /><br />http://www.pipelinenewsnorth.ca/news/industry-news/lng-canada-awards-site-preparation-contract-1.2187218<br /><br />Everyone up here in Kitamaat/Kitimat/Terrace areas boast about the ongoing construction of the Shell plan.<br /><br />From March 1, 2016<br />LNG Canada awards site preparation contract<br /><br />The Shell-led LNG Canada partnership awarded the contract for site preparation on its proposed Kitimat export facility to the Ledcor-Haisla Limited Partnership Feb 25.<br /> <br />The announcement comes weeks after Shell's fourth-quarter 2015 results showed that it was postponing a final investment decision on the project, which would process gas from the South Peace, after a 44 per cent drop in profits. <br /><br />"As LNG opportunities present themselves to the Haisla we wanted to ensure benefits to our people beyond a few payments here and there," Haisla Chief Councillor Ellis Ross said in a release. <br /><br />"This contract, and other contracts like it, present an opportunity for Haisla members who have left to find work to come back to Kitimat for good jobs." <br /><br />That work will include removing tress, shrubs, stumps and rubbish, excavation and grading in the area where the LNG facilities work camp will be built. <br /><br />LNG Canada said no work will begin until "the necessary permits and authorizations are in place, which we are working to obtain." <br /><br />The partnership also said it will make its final investment decision in "late 2016," but that the partnership has yet to decided exactly when that will be. <br /><br />"The exact timing of that decision will be up to the Joint Venture Participants to make," a release said. <br /><br />LNG Canada consists of Shell Canada (50 per cent), PetroChina Co. Ltd. (20 per cent), Mitsubishi Corp. (15 per cent) and Korea Gas Corp. Ltd. (15 per cent). - See more at: http://www.pipelinenewsnorth.ca/news/industry-news/lng-canada-awards-site-preparation-contract-1.2187218#sthash.lKg7oFnB.dpufMerv Ritchiehttp://mwpr.canoreply@blogger.com