RE:Nuttal canada use to led the LNG race, ahead of US, Australia, indonesia, etc but red tape from ottawa had led the cancellation many LNG plans for asia export. Petronas even rush out and bought Progress Energy in 2012 to secure NG supply for export to malaysia, all in vain.
Without going into detail, my personal view is, i think exporting LNG is an expensive way to get energy because it is a energy wasfeful scheme, all in the name of reducing CO2 emission at user level but totally ignore the GHG emission to get it there.
marketsense wrote: Eric Nuttal, love him or hate him, in a rcent interview about Trideau's remark re
no economic case for LNG in Canada at this time.
His response in which he prefaced his comments with "as polite as I can be" it
would be the equivalent of bulding 10 hospitals a year or.....
Alternatively it would be the equivalent to reducing as much carbon from burning
coal as elimnating every ICE vehicle from Canada.
While his responses lack hard numbers to back up his point, they are still quite
astounding. And that is just one 1 LNG facilty on the East Coast.
Now from a guy who may not be perceived as the most pro environmentalist among
analysts, he presented a picture that surely must have resonated among even the
most hardcore of anti fossil activists including the PM himself. If it didn't then I
don't know what would except an unequivoacal "termination" at the voting booth.
MS