RE:RE:RE:RE:RE:RE:PackerDivChase wrote: Here's and idea. Instead of selling gas dirt cheap out east, let's build LNG infrastructure to capture world prices. Wow that's and idea. Even you can't argue against that logic. Energy east conversion would have solved oil bottleneck problem, MORE LNG infrastructure solves the gas price problem, Canada gets more customers for oil and gas.
I don't have to remind you this was all proposed almost a decade ago. but guess who got in the way of that too.
learn to look at the whole picture. Energy east conversion would have greatly benefited not just Alberta but your home province as well. Some might argue BC benefits even more due to the huge projects involved with LNG export.
But the experts like Mr Blavkface and packer know best. lol. Let's just keep telling world leaders that these things are not economical. I think our PM really meant to say " while I'm in charge, LNG export to German and Japan makes no sense". lol
Congratulations! You have all the easy answers. How realistic they are is debatable however. ...."proposed ten years ago"??? it's longer than that....and the first export terminal is due to start up in 2025. LNG Canada, the consortium led by Shell, took SEVEN YEARS to line up customers and financing before making a FID....and it took another SEVEN YEARS to build the plant and the pipeline to feed it. (The budget for the pipeline was 6 Billion...it ended costing 14B !)
There are now a couple more smaller LNG export projects in various stages of development.
You make it sound like we could send gas to Germany in BBQ propane tanks next week!!!
Exporting LNG from the East coast would require a pipeline from Montreal to New Brunswick and a liquification plant built there....10 years would be an optimistic timeline. In the meantime the possibility of Russia collapsing like 1989 again and super cheap russian gas flooding into Europe again would make investors nervous about financing such a project with so long a development schedule. That is why and what took LNG Canada so long to arrive at it's FID. First they had so sign long term contracts for the gas or enlist customers as actual partners/funders of the project. They did both....it took seven years....then another seven years to build the thing!
Before you say why was the US able to start selling LNG so fast then.....it's becuse the US used to IMPORT large quantities of nat gas (before fracking and the Marcellus find)....the plants, pipelines and port facilities were already built....converting the plants to export could be done in less than a year....everything else was already buit!