I continue to post LNG news, you Prince Rupertilians continue to spew …nothing, nothing at all…So funny…2020 will arrive in 3 1/2 years and Petronas still won’t have a shovel in the ground…and still you fine folk will be saying…But, but but but, but Petronas is still here…Grant G is wrong…because any year now the $trillion dollar bounty will start…" a fool and their money…"
Shell defers decision on Louisiana LNG investment
LONDON–Royal Dutch Shell PLC is deferring a final investment decision this year on a big facility to export liquefied natural gas from Lake Charles, Louisiana, citing a current oversupply of the fuel and affordability of the project amid lower oil prices, the company’s chief executive said Thursday.
It is the second delay Shell has made to a big LNG project. Earlier this month the Anglo-Dutch oil giant said it was delaying FID on an LNG export project in Kitimat in Canada.
“This is not the moment to commit to large-scale capital outlays”…
Energy companies adding LNG export plants in places like Australia and the U.S. have helped push down the price of spot LNG in Singapore from more than $14 per million British thermal units in October 2014 to $5.65 this week. Spot prices will fall to $3.80 by 2018 as more production capacity comes online, BMI Research said in a July 12 research note.
Even Christy Clark, and Rich(gasbag) Coleman have stopped blathering about LNG…the gig is up…that includes Woodfibre LNG in Squamish…that ain’t being built either…
he is too busy googling LNG bad news stories, what he doesn’t read in the Shell story is they are looking at 2 projects out of the 3 main ones that they are considering, one of the projects is going ahead in the US it is a plastic plant if I remember the other 2 are LNG projects, one in kitimat ant the other in Louisiana, they are going to pick one of those, oh wait he thinks the delaying of the FID means they are going to cancel them instead of saying they are canceling them.
Kitimat had a cool float for Riverboat Days. Trailer made up as a ship and a live band on board. “We want LNG” on the side.
Sad as all the wanting in the world won’t change the market conditions. Just glad my sisters and I cashed in all the Chevron shares my Dad left us before everything crashed.
Also saw a lot more windmill pieces on their way inland. Something to ponder: with the leaps and bounds in alternative energy, can the oil & gas market revive in time to stay King?
guess who owns most of those windmills? oil companies. and when you sell chevron shares when they drop i buy them and watch them grow back to normal in 2 years or less
Those windmills are all on their way to Alberta. As for being used by the oil companies I guess we have to wait and see. I saw at least 8 containers at rest stops between Terrace and Edmonton. They are pricey pieces of equipment.
You beat Grant to it. Don’t worry, expect him to show up and copy and paste the entire article anyway. And then say “see, I was right! Petronas will pull the plug in March 2016!!!”
Oh look Grant has a fan That being said even if Petronas does not proceed there still is the AltaGas project on Ridley Island which is more of a sure bet. No pipeline and the facility joins the coal and grain terminals.
I blame the Federal Governments for no LNG proposals being started. They allowed the US to beat Canada in the shipping of LNG. But I believe that until I hear the word CANCELLED anything can happen,