BC Government States No LNG Plants Online Until 2021, Two Election Cycles Away!

Yesterday I explained how Rich Coleman is full of shit about the Japanese market for LNG from British Columbia, I also pointed out as did others how the BC Liberal`s claims of(before the election) that B.C. LNG would eliminate British Columbia`s debt, pay for bridge tolls, pay off crown debts at BC Hydro, BC Ferries, eliminate sales tax and also add$hundreds of billions of dollars into a prosperity fund for future generations, ...Those pre-election BC Liberal claims went from those outlandish claims to  how LNG revenue over 30 years "would help eliminate the debt"...

And today the BC Government climbs down to even lower rungs on the LNG unicorn ladder.....

According to another Government fluff piece in the Vancouver Sun..

British Columbia "could have"...possibly have by 2021 5 LNG plants up and running..

Are you hearing what the BC Liberals are saying...They are no longer using the figures, using the years 2015...2016...2017...2018...2019...2020...2021...

According to the article we could have 5 LNG exporting plants up and running by 2021...That is 2 election cycles away, meaning this, not one dime of LNG revenue for 8 years..Maybe, could, possibly..

Yes... Christy Clark and Rich Coleman talk about 30 years of LNG revenue, now apparently that 30 years of revenue begins after 2021...

Written here in many LNG posts...Petronas will make a decision on whether or not they are going to build anything in British Columbia sometime in 2015...That`s the year they will DECIDE IF they are going to build at all, that`s not a construction start date...

Earlier this year Chevron announced that they may a decision on building in British Columbia sometime in 2016 to 2017..

Let me reiterate, there is nothing built, no shovels in the ground....Yesterday Rich Coleman started singing a completely different revenue tune..All those lofty promises/claims of Christy Clark are gone, and replaced with LNG revenue .."will help eliminate the B.C.`s debt"  ..

And today another puffy fluffy Vancouver Sun, Government sponsored article any and all expectations of LNG revenue before 2021..2 election cycles away is put out there for public consumption...

2021..Are you kidding me, what happened to 2016..2017..2018...2019..2020...These articles are slow-burn propaganda..For now the BC Liberals will go into the 2017 election still talking about the future with still no shovels in the ground..


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"The report, released Tuesday, uses estimates from consultant Grant Thornton LLP based on the premise B.C. will see five LNG export plants built by 2021........

The oil-and-gas service sector, in B.C.'s north east where the gas fields that would feed LNG plants, would be the biggest employer under this scenario, Shirley Bond, Miniser of Jobs, Tourism and Skils Training, said in the announcement.

"It is crucial that we have a strategy in place to ensure we have skilled workers ready and trained for future growth," she said.


Next steps to filling the needs, according to the report, will involve addressing barriers to employment for possible workers and developing information, standards and tools to be a foundation for further action....



Assuming five plants are operational by 2021, the industry could support 75,000 workers including:


- 2,400 permanent jobs to operate and maintain LNG plants and pipelines on an ongoing basis

- 61,700 jobs to support LNG operations including drilling, production, transport and services

- 11,100 in spinoff jobs in the broader economy.

Read more: http://www.vancouversun.com/export+industry+could+provide+permanent+jobs+reports+claims/8697850/story.html#ixzz2ZuTtdKQA

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As reported here, a large LNG plant has 250 full-time employees with an estimated 250 spinoff jobs...Those were the numbers British Gas(BG) used..

Those reported other job numbers are either bogus ..and or they are calculated 30 times, as in job years, as in 30 years of LNG exports..That is a widely used industry trick, they calculate a job as a job year...

British Gas reported if they built.... peak construction employment for one LNG plant would be 3500 employees...and after construction ...Well, let British Gas do the talking..

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"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" 

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There you have British Gas stating that if they build their one LNG plant it will create 250 full-time jobs and 250 spinoff jobs, yet Christy Clark`s LNG committee is claiming after construction, after construction and the 2400 full-time plant employees at 5 LNG plants will need 73,000 support workers...

Well, someone is zooming someone..

 

The point I am making, yesterday Rich Coleman climbed down on revenue forecasts from LNG, and today grandiose, and false job number claims are being made, yet they insert ...sneakingly I might add....

 

That there will be no LNG exporting plants online until 2021...That is 2 election cycles away...

 

You can expect more and more LNG climbdowns to occur as the industry is in flux and over supplied, the Japanese LNG market, like the USA LNG market vanished before it even began..

 

 

 

 

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Cheers Eyes Wide Open