Pieridae Energy Ltd T.PEA

Canadian LNG is a jewel' says Enbridge CEO

[40YardLine]

Canadian oil and gas leaders believe the window is opening once again to build new liquefied natural gas projects in the country, beyond the lone facility now under construction.As gas prices surge in Asia and Europe, and concerns about energy security escalate, industry executives see momentum developing for the creation of a larger LNG industry in this country. https://calgaryherald.com/opinion/columnists/varcoe-canadian-lng-is-a-jewel-says-enbridge-ceo-as-sector-anticipating-new-projects-to-take-of

[commonsense9]

Unlike plants in the US, this 'jewel' of possible plants in Canada needs big time taxpayer money to ever get off the ground. PEA went down last year after the billion dollars they campaigned from the feds, did not come through.

[ofirme]

I keep hearing tax payer's assistance, but why would it be needed for a floating lng 0.4 - 0.8 bcf/d  volume when the pipeline to the shore already exists?  If Enbridge thinks this is such a Jewel (which is for them - collecting fees on someone else's   investment), why would they not just do it themselves? they need growth projects big enough to  move the needle

[commonsense9]

The pipeline to NS does not and never has existed. And Sorensen has finally started publicly admitting it- since there is no chance if that is not resolved. The pipeline does exist. But from Quebec through Maine (to the Enbridge owned M&NE) it is nowhere near large enough even for a smaller floating LNG plant. And that too small pipe is at virtually 100% capacity.  That is just one of

[ofirme]

https://mnpp.com/canada/ lookup the word goldboro. https://www.spectraenergypartners.com/Operations/Natural-Gas-Pipelines/Maritimes-Northeast-Pipeline/  additional compression can increase  https://www.cbc.ca/news/canada/new-brunswick/new-uses-sought-for-saint-john-s-canaport-lng-terminal-1.2538819#:~:text=The%20company%20that%20owns%20majority%20interest%20in%20the,terminal%20is%20idle

[commonsense9]

Eastern Pipelines 101 1. There is enough capacity on the M&NE from Boston area. to supply Goldboro LNG. Not quite enough on the canadian portion, but simple compression additions would take care of that. 2. But you have to get the gas to the M&NE. There are two ways to do that. 3. From the Marcellus. At peak times the capacity available is tiny. And there is not going to be any more