Author Topic: Government Day-to-Day  (Read 40396 times)

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Offline Retro Shady

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Re: Government Day-to-Day
« Reply #2235 on: August 28, 2022, 05:36:24 pm »
of course Russia is weaponizing energy; notwithstanding the German Chancellor's recent days visit to Canada focused on hydrogen, his 'side expression' on LNG must be prefaced with the fact Germany currently has little LNG import capacity.

both of the 2 Atlantic Canada proposals to build LNG terminals were shelved last year principally given the lack of interest by pipeline owners to spend money on required pipeline upgrades... notwithstanding one of those proposals also included a subsidy request to the federal government for ~$1 billion to aid in terminal development. The federal government did spend $4.5 billion to buy the Trans Mountain pipeline but that was not a subsidy; rather it was, of course, a move to keep the project from being outright shuttered!

given the backdrop of the Russia/Ukraine war, it appears those 2 Atlantic Canada LNG terminal proposals have resurfaced in terms of new 'feasibility studies'; one as a significantly scaled down development version requiring fewer pipeline upgrades... but yes, certainly, a lengthy permitting process and stakeholder pushback remain as significant obstacles to development.

what appears more likely/viable is adding export expansion capability to the existing New Brunswick 'Repsol' LNG facility that uses/relies upon Canada's East Coast gas supply - a supply capacity sufficient to service only the single Repsol LNG facility:
At least you’ve learned a valuable lesson.  That relying on other countries to produce energy is a very bad idea, for several reasons.  Hopefully Wonder boy has also learned this lesson.