Will Petronas pull the plug in March 2016? Was Grant's prediction true?

#343

Shell Canada LNG is officially out…

http://www.asianpacificpost.com/article/7797-troubling-times-bc’s-lng-dreams.html

Was I wrong on Petronas…no, I was right…Petronas has been gone for 2 years already…

http://powellriverpersuader.blogspot.ca/2015/08/british-columbia-and-lngs-last-gaspa.html

By the way…Shell Canada has been hone for 18 months already too…

Cheers Eyes Wide Open

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#344

Business in Vancouver Magazine…

https://www.biv.com/article/2016/12/lead-contractor-shell-lng-canada-project-cancels-b/

"Shell had been expected to make a final investment decision on the multi-billion LNG project by now, but has deferred that decision indefinitely. The Petronas Pacific NorthWest LNG project has also delayed an FID.

Major LNG proposals in Canada missed a window of opportunity when they failed to have LNG projects approved in time to nail down long-term contracts with Asian utilities.

There is now a glut of LNG on the market, thanks to new LNG plants in Australia, and companies like Shell are reducing their capital spend as they cope with falling revenue from low oil prices. And in light of both low oil and gas prices in North America, Asian buyers are now expecting lower prices for LNG."

Consultant and fellow at the Oxford Institute for Energy Studies, told Business in Vancouver in October that it’s unlikely any large LNG project in the world will get an FID before 2019.

Travis Whalen, energy analyst for S&P Global Platts, agrees.

“It looks like there could be something of a rebound in demand, an opening for Canada, in the early 2020s, but before then there’s really just not a lot of space for any of these Canadian projects,” he said. “It’s going to be very difficult to secure the contracts that will let these projects move forward.”


Look folks…Like i’ve been saying…

Petronas(PNWLNG) and Shell (LNG Canada)…They’ve been gone since 2015…

As for Shell and Petronas leaving a footprint, they spent some money and own some assets…So, …They’ll never be gone in you Prince Rupertonians eyes…

I’m reminded of an old saying…

"If wishes were horses beggars could rise"

Sparkle ponies down…

Cheers

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#345

The NDP won the last election as well. It just hasn’t happened yet.

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#346

so far Grant has being posting links saying that Petronas will not go ahead because of

1 oil prices are too low
2 they are cutting costs to save money so they have no money to invest
3 they are investing in other projects in other countries

so because of 3 his first 2 arguments and links are useless.

if they are investing in other lng projects in other countries that means the oil prices don’t bother them and they cut costs so they can invest in projects

so Grant which of these 3 things have you gotten wrong? after all you did post a link stating that Petronas was going to develop LNG in Iran.

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#347

Another LNG Sparkle Pony comes up lame …

http://www.cftktv.com/News/story.aspx?ID=2201850

Ya gotta loves those BC Liberal taxpayer funded LNG ads eh!

http://vancouversun.com/news/politics/b-c-government-doubles-advertising-budget-on-eve-of-election?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter&utm_term=Autofeed#link_time=1481161172

Cheers Eyes Wide Open

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#348

Should be interesting days ahead once the Trumpster gets in the White House. Looks as though his leading contender for Secretary of State is the Exxon CEO and Trumps dude to head the Environmental Protection Agency thinks that climate change is a hoax.
Guessing any climate agreements that are in place pretty much mean nothing now, so while Lelu may not be the greatest spot ever to build a plant it would have been built under some pretty strict guidelines but will likely not get built now but several more will now be built south of our border under much less regulation.

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#349

Can BC’s LNG "prospects" get much worse? nope.

http://www.dawsoncreekmirror.ca/business/2016-worst-year-on-record-for-b-c-oil-and-gas-drilling-licences-1.4681613

Rich Coleman is changing his language, …now he claims

We are confident tenure sales will improve as the market rebounds," the ministry said in a statement. “In addition to our LNG export prospects, we are seeing interest grow for value-added production and investment in resource areas that are considered ‘liquids rich’—natural gas that holds market value because it is used to produce products like chemicals, plastics and cleaner fuel.”

Funny stuff…Rich Coleman and Christy Clark’s LNG fantasy…The $trillion dollar lie…Now Rich Coleman is saying, and I quote…

“In addition to our LNG export prospects”

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#350

so Shell is looking at a new lead Contractor for it’s LNG plant in Kitimat, if Shell project is dead why would they ask for bidding on the project, after all it does take a few million dollars to do these bids.

http://www.lngworldnews.com/shell-led-lng-canada-looking-for-new-lead-contractor/

see I can post links too :stuck_out_tongue:

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#351

oh look again I can post a counter link to him whom shall not be named :stuck_out_tongue:

China demand for LNG growing

http://www.lngworldnews.com/chinas-lng-imports-to-hit-record-high/

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#352

Poor little Jabber…the mouth that farted…

http://www.gladstoneobserver.com.au/news/state-misses-out-on-850m-lng-royalty-pay-day/3126527/

Fortis BC deal with Hawaii electric…DEAD

http://www.lngworldnews.com/hawaiian-electric-dismisses-lng-from-its-energy-plans/

As for Shell DUMPING the last contractor…This puts in a 5 year delay…a re-do…

The story is noise, propaganda…

As for China buying LNG…sure they do, but they ain’t buying any BC LNG and won’t be buying any BC LNG…because BC doesn’t have LNG now or even in 5 years…

Petronas project is dead…Aurora is dead…You people got sucked in…

Only one writer in Canada called the BC LNG fantasy right…

Grant G and the straight goods.

https://www.youtube.com/watch?v=ig4x2uoBwO8

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#353

Someone needs to get a life.

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#354

Rich Coleman needs to get a life…something besides lying to voters, spinning his LNG bullshit…BC LNG is dead for a decades…Period!

http://www.theglobeandmail.com//report-on-business/industry-news/energy-and-resources/bc-expects-pacific-northwest-lngs-decision-in-summer-of-2017/article33438637/?cmpid=rss1&click=sf_globe

April 2017 FID decision being pushed into 2018…eer, I mean pushed out a decade!..

Grant G…The only correct forecaster in Canada…PERIOD

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#355

http://www.alaskahighwaynews.ca/opinion/letters/coleman-blowing-pre-election-smoke-1.3449890

Like I said.

https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/bc-expects-pacific-northwest-lngs-decision-in-summer-of-2017/article33438637/?ref=http://www.theglobeandmail.com&cmpid=rss1&click=sf_globe&service=mobile

Next LNG window…2030

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#356

Doesn’t look like they’re pulling the plug in March 2016 to me.

http://boereport.com/2016/12/28/petronas-said-to-eye-new-island-for-27-billion-canada-lng-plan/

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#357

Happy New Year everyone!
I’m putting on my moderator hat again. This thread is very interesting and it provides a lot of information. This thread is heating up again. I ask that we remain civil as we discuss opposing view points. Personal attacks, name calling, and general trolling should be avoided.
Thank you.

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#358

You beat me to it.

Flora Bank might be untouched if they get the spot on Ridley. The occupiers should be happy.

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#359

Just love big business.
We HAVE TO ram it thru your well and the walls of your gymnasium and terminate on a spawning bank. We won’t so much as change the lettering on a diagram or we’ll send the army in to machine gun you all!
Oh you’ve found a way to go around AND save us money? Hmm, we’re listening…

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#360

lelu island will still be used for the plant they are only looking at putting the dock on ridley island as long as they don’t have to go through environmental review, I think they wan to use the canpotex site for the dock and yep for a company that will not build they sure are trying their hardest to get all their ducks in a row

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#361

Lol to just switch to another island just willy nilly is another laugh with another 2 or 3 years at least in planning and reviews and yet theyre also trying to drive down expenses on there lulu island project which usually means trying to convince the gov to accept less royalties and allow more cheap foreign temporary workers into the country …LNG the ultimate example of corporate welfare

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#362

Regardless of if or when this project is to proceed Prince Rupert needs big business to increase its tax base. Homeowners should not be expected to make up the $250+ million in infrastructure deficit which will only increase over time.

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