Oceanic Wind Energy Inc V.NKW.H

A lot to think about

[BayWall]

Chevron abandoned the Kitimat LNG project years ago because of low margins, etc. Better returns in the US and elsewhere.

Now leaving Canada totally, with a $6.5 billion sale of the remaining assets. Focusing instead on  the optimization of its global energy portfolio.

Beginning to wonder if Phase 2 of LNG Canada will go ahead. A lot of global competition. Chevron can supply Asia cheaper with LNG from Australia.

 

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More scary, will other industries not consider North Coast BC, if can't access electricity. A lot of electricity is required and quickly.

 

BC Hydro received 29 submissions in response to the Expression of Interest. As expected, interest came from a diverse range of current and prospective industrial customers across economic sectors, including mining, ports, hydrogen, liquified natural gas, and others. The mining sector accounted for the largest number of individual submissions and the hydrogen sector accounted for the largest amount of proposed future demand.

The results provide strong support for the proposed new 500 kilovolt transmission infrastructure from Prince George to Terrace.

Proposed customer projects were located throughout the North Coast region; however, the majority of the potential demand for electricity (about 80%) was located beyond Terrace – south towards Kitimat, west towards Prince Rupert, and north towards New Aiyanish.