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Friday, September 30, 2016

Canadian Prime Minister To Decide Fate Of Several Major Pipeline Projects By End Of Year -- September 30, 2016

USC - LA Times presidential poll (link here, dynamic):



Active rigs:


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Active Rigs3468190184190

RBN Energy: sending western Canadian natural gas east for export as LNG.
For some time now, discussions about the possible development of Canadian liquefaction/LNG export terminals have focused on the Western Canadian coast in British Columbia––partly because most of Canada’s natural gas reserves are nearby in northeastern BC and in Alberta, and partly due to Asia being a primary LNG target market.
But it could be that liquefaction/LNG export projects in Eastern Canada may make more sense. In today’s blog, “So Far Away –Sending Western Canadian Natural Gas East for Export as LNG,” LNG Ltd.’s Greg M. Vesey considers the rationale for piping Western Canadian natural gas long distances to Quebec and the Canadian Maritimes for export as LNG.
Western Canada has vast reserves of natural gas that would be cost-competitive to drill for, produce and transport to market if only there was a new, incremental market for large natural gas volumes. This conundrum has been a frequent topic in the RBN blogosphere, and has been looked at from several angles. 
Most recently, we discussed the facts that natural gas producers in Alberta and BC have been struggling to replace markets in Ontario and the U.S. Midwest that they’ve been losing to Marcellus/Utica producers in recent years, and that––thanks mostly to the current-and-growing glut of worldwide liquefaction capacity –– no liquefaction/LNG export projects along the BC coast have advanced to Final Investment Decisions (FIDs) and construction. 
Getting approval for big new gas pipelines from BC and Alberta gas production areas to the BC coast has been another challenge. RBN blogs have also handicapped the leading BC projects and at the possibility of moving Marcellus/Utica gas through New York and New England to Canada’s New Brunswick and Nova Scotia provinces not only to meet in-province needs but to export as LNG.
Canadian pipeline. Link here.
  • Canadian Prime Minister Trudeau says he will decide by end of year on fate of proposed Enbridge Northern Gateway oil pipeline
  • Trudeau must also decide fate of Kinder Morgan Inc.'s Trans Mountain pipeline expansion by end of year
  • Trudeau has said he will approve at least one big oil project
  • sources say he favors Kinder Morgan over Enbridge

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