While political noise dominates headlines, Canada is positioning itself to become a global liquefied natural gas powerhouse... with massive private investment and hungry buyers already lined up.
I do wonder if the LNG tanker from Australia to Halifax was more of a symbolic gesture then a need. Was it a little back hand to the US, saying us middle powers can do things without you? There is a lot of gas on the East Coast with existing pipelinnes to Central Canada in place, it just needs extracion.
The question isn’t whether there’s impact... there always is.
The question is whose standards you trust.
Global demand for gas isn’t disappearing tomorrow. If Canada supplies it under strict rules, emissions are generally lower than coal and many alternative sources.
That’s the policy reality governments are dealing with.
We only have one speedbump here ... in Alberta, if they are still dumb enough to continue the BS about leaving Canada, then the rest of Canada will have set them up for an awesome revenue flow!!! BC is the best option in that case...?
Thanks Fred, sad really :( Our PM has the contract, he doesn't have to give it to her if she persists. Of course we have loads of oil in Newfoundland as well...
Yeah and the terminal would likely be mostly built in South Korea and then shipped and the pipeline built by Texas based Western LNG. What a great deal...
Canada wants to be in the LNG business, not the terminal building or pipeline business. If these capacities are built by foreign companies they will still have to employ Canadians. So yes, it is a great deal. Canada gets the royalties, Canadians get employment. As a bonus this is a sweetener for South Korea in future business. (think automotive)
We’re selling molecules in the ground that nobody else can access without us.
Whether the investor is Canadian, Korean, or European, the gas still comes from Canada, the workers are still Canadian, and the revenue still lands here.
LNG ships look so strange, as if they’re carrying spacecraft to a secret launching site.
They do look like something out of a Bond movie.
But instead of launching rockets, they’re launching export revenue.
Not as cinematic... but probably more profitable.
I do wonder if the LNG tanker from Australia to Halifax was more of a symbolic gesture then a need. Was it a little back hand to the US, saying us middle powers can do things without you? There is a lot of gas on the East Coast with existing pipelinnes to Central Canada in place, it just needs extracion.
Could’ve been symbolic Keith. Governments do that.
But energy isn’t chess theatre... it’s math.
If East Coast extraction makes economic sense and buyers are lined up, it’ll happen. If not, it won’t. LNG terminals don’t get built on vibes.
The real power move isn’t symbolism.
It’s long-term contracts.
Agreed.
Isn’t fracking dangerous and harmful to the environment?
Everything in energy has trade-offs.
The question isn’t whether there’s impact... there always is.
The question is whose standards you trust.
Global demand for gas isn’t disappearing tomorrow. If Canada supplies it under strict rules, emissions are generally lower than coal and many alternative sources.
That’s the policy reality governments are dealing with.
We only have one speedbump here ... in Alberta, if they are still dumb enough to continue the BS about leaving Canada, then the rest of Canada will have set them up for an awesome revenue flow!!! BC is the best option in that case...?
Nobody wins from internal division Patsy.
The gas is in Alberta.
The ports are in BC.
The customers are overseas.
That triangle only works when Canada works.
Thanks Fred, sad really :( Our PM has the contract, he doesn't have to give it to her if she persists. Of course we have loads of oil in Newfoundland as well...
Shame all the shipping projects are on the Pacific coast. Not ideally placed for a Gulf shut down.
That’s intentional David.
Asia is where the long-term demand is, and the Pacific route is faster and cheaper from Western Canada than from the Gulf of Mexico.
Europe would require a whole different build-out on the Atlantic side... which may still happen someday if the economics line up.
Energy projects follow markets, not maps.
Thanks. Good morning from Europe.
I understood why. Apart from anything else, the pipeline runs to the coast are also going to be a lot shorter.
But seen from Europe it’s still a shame.
As North Sea reserves run down, the pressure to import from Russia will grow again, particularly if Putin’s assault on UKraine ever finishes.
Yeah and the terminal would likely be mostly built in South Korea and then shipped and the pipeline built by Texas based Western LNG. What a great deal...
We’re not selling pipelines Ian.
We’re selling what’s in the ground.
Nobody ships Canadian gas to Asia without paying Canada... through royalties, taxes, wages, and contracts... no matter who welds the metal.
The value is the resource, not the construction invoice.
Canada wants to be in the LNG business, not the terminal building or pipeline business. If these capacities are built by foreign companies they will still have to employ Canadians. So yes, it is a great deal. Canada gets the royalties, Canadians get employment. As a bonus this is a sweetener for South Korea in future business. (think automotive)
You nailed the core point Jim.
We’re selling molecules in the ground that nobody else can access without us.
Whether the investor is Canadian, Korean, or European, the gas still comes from Canada, the workers are still Canadian, and the revenue still lands here.
Resource leverage is national leverage.