Looks like he is right!
look up and read the link to Woodside and why they are looking to build in Canada, same criteria for them as for Petronas, they do not care about short term prices as long as they have customers and for projects that will be around for 40 years guess what it makes sense to build when material costs are much lower and building the plant’s major parts in China or India are about 30% cheaper now due to their money being alot cheaper to the US dollar, and also the borrowing rate is probably around 2% for big corporations right now.
why are they still calling Wesley a hereditary chief?
Brad Zubyk…From Wazuka
http://www.wazuku.ca/
Also a well known BC Liberal muckraker…Known as Luke Skywalker at the Tyee…what’s your new handle at the Tyee Bradley Zubyk?..Alex Tripper.
They don’t shoot dead ducks…Petronas isn’t building anything until 2025…eer…I mean never!
http://www.alaskahighwaynews.ca/wait-for-pnw-lng-investment-decision-could-drag-into-june-2017-1.2293709
As for being “not active”…been busy rebuilding a boat and…I already told the B.C. LNG story…and how it will end up…
http://powellriverpersuader.blogspot.ca/2015/08/british-columbia-and-lngs-last-gaspa.html
And…I wrote the British Columbia LNG future…wrote it last year…
Cheers Eyes Wide Open
Well…as you know I wrote on August 21 2015…Petronas PNW LNG project is dead…
http://powellriverpersuader.blogspot.ca/2015/08/british-columbia-and-lngs-last-gaspa.html
many of you fine Rupertonians have doubted my research and forecasting…
Here is the latest breaking Petronas news as it pertains to PNW LNG…In a nutshell…Even if the Federal Government approves PNW LNG…Petronas will not proceed until?..Until 2024 at the earliest…meaning no exports until near 2030…or never…
A little cut n paste…
_according to a source within the company, the Malaysian oil and gas giant likely won’t make a final investment decision on Pacific NorthWest until June 2017. The facility, which would be built on Lelu Island near Prince Rupert, would process gas from Northeast B.C. for export to Asia. It is undergoing a review by the Canadian Environmental Assessment Agency, with a decision expected by mid-September. “At the earliest is June of 2017, Petronas might come out with a final investment decision (FID),” Turchanski said in an interview. “If they come out with an FID, that doesn’t mean they’re going to go to work right away. They might delay it another year, they might delay it two years, they might delay it five years.” - See more at:
http://www.alaskahighwaynews.ca/wait-for-pnw-lng-investment-decision-could-drag-into-june-2017-1.2293709#sthash.zfDtHdZr.dpuf_
You see folks…there is no LNG demand, or need at present…new supplies won’t be marketable until …my estimate…NEVER…others say 2024…
MEI; LNG Oversupply To Stretch to 2024
_The latest research by McKinsey Energy Insights (MEI) predicts the LNG oversupply could last until 2024, meaning few projects could reach financial investment decision in the next 12 to 18 months. _
The research shows the LNG supply glut is “exacerbated by the 100 million tons per annum of new export terminal capacity currently under construction in the United States and Australia.”
By 2019, MEI expects the oversupply to peak at 60 mtpa.
http://www.lngworldnews.com/mei-lng-oversupply-to-stretch-to-2024/
You can read more here…
http://powellriverpersuader.blogspot.ca/2016/06/postmedia-defends-indefensable-site-c.html
Anywho…Petronas has been sniffing around since 2012 in B.C…it is now 2016…Petronas at present doesn’t need more LNG to sell, they can’t sell what they have now…Gorgon plant is hummimg…Egypt is sourcing it’s own massive supply…
http://www.telegraph.co.uk/business/2016/06/20/bp-fast-tracks-egyptian-gas-project/
Israeli is to become LNG exporter…a massive, gargantuan gas find…
China is building windfarms in Pakistan
https://t.co/jqAku4h0LL
Look folks…technology, a massive lng glut until at least 2030…And now you have Petronas insider stating regardless of Federal decision on PNW LNG…they ain’t building for 6 years or more…and come 2022–2024…if Petronas doesn’t see a demand…if the glut still exists…renewable power…nuclear power…fire-ice power, and or even really cheap coal…did I say coal…I do believe Christy Clark is wrong about LNG displacing coal use overseas…
_Manila. The Philippines will retain coal as a core part of its electricity generation mix due to its dependability, though it will seek to boost the use of cleaner fuels and renewable energy, the country’s energy minister said on Monday (04/07). _
_The Southeast Asian nation, with a population of more than 100 million people and one of the world’s fastest growing economies, aims to double its power generation capacity by 2030 to avoid a return to the frequent blackouts suffered during the 1990s. _
_“Coal is the more dependable, the more reliable source for base load,” Energy Secretary Alfonso Cusi told his first media briefing since the administration of President Rodrigo Duterte took office last week. _
“As a developing country we cannot afford not to have coal,” added Cusi.
http://energy.einnews.com/article/333995375/EUlyM7VCbPpSTbl8
A 100 million people there.another big market not in need of BC sourced gas…
The times are achangin…
In closing…Hi Mig…
If Petronas is delaying construction for a decade…how long am I on the hook for…2012…to 2024…2030…2035…
Mig…Jabber…Investor…ladies and germs…
Petronas is already gone…
Cheers Eyes Wide Open
Original prediction is here: The $11.4-billion question for Petronas - #28 by Grant_G
Grant was wrong.
Is that all u got Mig??? Again I say who cares about the date! He is right about Petronas pulling the plug!!
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Yup. That’s pretty much it.
He made a specific prediction and it was wrong.
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This Grant G who also posts on Facebook has a bug up his ass when it comes to this project. You don’t hear from him for weeks until he has found something new to Google. Until the words “THE PROJECT IS CANCELLED” I will wait and see. Funny though prep work is still going on EVERY DAY, not just there but on Digby Island and in Kitimat.
well according to the CEA report Petronas has only 2 months to clear cut Lelu island, those months are September and October, so thanks to the CEA constant delays it would seem they might not meet that deadline and would have to wait until next year to start clear cutting lelu island to get it ready for development, unless LaxKawlams approves the deal in the next month which gives them a month to get rid of Wesley from the island, it is possible to clear cut this year based on the CEA conditions but doubtful. all the naysayers will still say it is dead because of that though.
Glut glut glut glut …burp
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If the companies that are thinking about shipping lng were so concerned about the rest of the world’s lng production they wouldn’t be actively prepping for the facility on Digby or in Kitimat. Work has been going on at these 2 planned facilities every day.
shhhhhhhh don’t tell them companies think long term not short term like them, it might burst their bubble 
Sorry but companies do not build a facility to lose money for 10 to 15 years .
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Hi MIG…Did you read this?
_“At the earliest is June of 2017, Petronas might come out with a final investment decision (FID),” Turchanski said in an interview. _
_ “If they come out with an FID, that doesn’t mean they’re going to go to work right away. They might delay it another year, they might delay it two years, they might delay it five years.”_
http://www.alaskahighwaynews.ca/wait-for-pnw-lng-investment-decision-could-drag-into-june-2017-1.2293709
Full Stop…
In that Calgary Herald article written by Postmedia’s Chris Varcoe…he repeated a quote from …
Dinara Millington, CERI’s vice-president of research
_ and I quote…_
_ “However, the ray of hope for the sector’s future comes with the assumption Canada will approve and build an LNG terminal on the British Columbia coast — something that hasn’t yet occurred.”_
_ Do you see that…there it is, overt, glaring, as plain as the nose on your face…Vice president of CERI’s research department…Research, are you kidding me, what research, read the lie…here, let me point it out again…_
However, the ray of hope for the sector’s future comes with the assumption Canada will approve and build an LNG terminal on the British Columbia coast — something that hasn’t yet occurred…
_ First point…Canada isn’t building anything, energy companies are proposing building LNG terminals and…_
Shell Canada had all the permits to build, they had a 40 year export license, a First Nations deal, they had a federal environmental certificate and all the required BC oil and Gas Commission permits…
Shell Canada had everything except customers buying gas at a profitable price point…AltaGas, Christy Clark’s Burrard bridge yogafest sponsor…
AltaGas had all the permits too, a First Nation deal, a NEB export licence, an EA certificate, again, they had everything except gas buying customers…Yesterday, in a article published in the Alaska Highway News…
A Petronas insider told the press that PNW LNG, even if it gets a greenlight from the CEAA they will delay constructing anything until 2022…
With BC gas revenues in the negative to the tune of $1 billion plus once all the drilling credits are calculated…How is a maybe in 2022 construction start going to create this miracle…the “ray of hope”
How can Dinara Millington, CERI’s vice-president of research state such a blatant lie?..it is a lie…how can a Postmedia scribe repeat a blatant lie…Shell Canada and Altagas’s federal approvals were not kept in a secret vault…This is basic information…
http://calgaryherald.com/business/energy/varcoe-canadian-natural-gas-outlook-appears-uncertain-but-signs-of-hope-emerge
http://powellriverpersuader.blogspot.ca/2016/07/christy-clarks-2017-election-gambitlng.html
I have a question for you MIG…All the B.C. people who went out and got trained to work in the LNG industry,…
Will those LNG workers be eligible for Canada pension BEFORE, or after construction?
Cheers Eyes Wide Open
Oh look Mr Smarty Pants is back. I see you don’t respond to my post about how prep work is still proceeding on a number of proposed sites here in this region not just PNW Lng. We know also that you are a supporter of the NDP who are no friend to the private sector. So you continue to post your little links. And remember its not over until it has been OFFICIALLY CANCELLED, that goes for all Lng proposals.
I really do agree with Grant on a bunch of issues .I don’t think anything will truly happen here for 10 years or so .
Even if he were to be correct that nothing will happen for 10 years, which I don’t agree with, he was wrong in his prediction. Tell me this though why are these 3 companies PNW Lng, Lng Canada and Aurora Lng still spending so much money in the area to date if they don’t expect anything to happen for up to 10 years ?? Prep work is still proceeding. Aurora is still working on Digby, Lng Canada has posted that they are doing work in Kitimat.
Thanks …Have you seen this, just released today…
Japan’s largest LNG buyer( JERA ) has contracted (Bought longterm)too much LNG…so…Now they have struck a deal which enables them to re-sell the cargoes into Europe…
Bloomberg - Are you a robot?
You can see by the graph above…Japan’s use, and need of LNG is in decline…that won’t change…As you can see from the graph, those other countries, including China can’t absorb the excess, …in other words…LNG demand going forward has flatlined…Too much gas for too few customers…
The below article may help fill in the blanks.
British Columbia’s Legislative reporters and Columnists go silent on Christy Clark’s Epic Failures including her Whopping LNG Fabrications
You know copying something from your own anti Liberal blog is plain stupid. Its totally biased. That’s why I don’t take what you write seriously because you hate the Liberals and are a paid NDP supporter. Just as bad as the Tyee.