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Is Natural Gas As Clean As We Think?
Is Natural Gas As Clean As We Think? This week U.S. President Barack Obama took aim at the American coal industry as part of a comprehensive climate change plan to limit air emissions from what many consider the country’s worst polluter. Under the plan, states will have until 2030 to cut CO2 levels by a third from […]
Petronas’s Silence on BC LNG Act Sends Disquieting Signal
Petronas’s Silence on BC LNG Act Sends Disquieting Signal Busy passing project terms, BC forgot to check on events abroad. As the British Columbia legislature passed its “historic” Liquefied Natural Gas Project Agreements Act on July 21 after a lively eight-day debate, the most important player for which the special summer session of Parliament was […]
BC’s Gas Export Hopes Face ‘Scandal that Ate Malaysia’
BC’s Gas Export Hopes Face ‘Scandal that Ate Malaysia’ Asian nation’s PM, key to $36 billion LNG bid by Petronas, in corruption probe. The prime minister of Malaysia, who is central to British Columbia’s liquefied natural gas development ambitions, is the subject of a major financial corruption scandal rocking his country. Earlier this month The […]
Nine LNG Questions for British Columbians to Ask Their Politicians
Nine LNG Questions for British Columbians to Ask Their Politicians Pressing queries in light of high-stakes Petronas agreement just passed. The British Columbia legislature has just ratified a long-term agreement to lower royalties and taxes for a $38-billion liquefied natural gas project proposed by Malaysia’s state-owned oil company, Petronas. Pacific Northwest LNG, a consortium that […]
BC LNG Lost Its Window of Opportunity, Study Finds
BC LNG Lost Its Window of Opportunity, Study Finds Projects unlikely to be economic for another decade: Oxford Institute energy report. The window of opportunity to capture Asian gas markets has eluded proposed liquefied natural gas projects in British Columbia, and as a consequence it is unlikely that any LNG projects will likely be commissioned […]
Who Is BC’s Big LNG Partner? A Petronas Primer
Who Is BC’s Big LNG Partner? A Petronas Primer Group led by Malaysia’s national oil company aims to build terminal near Prince Rupert. Just one week after the Lax Kw’alaams band rejected a $1-billion offer by Petronas to build a liquefied natural gas terminal at the mouth of the Skeena River in British Columbia, Premier […]
Canadian LNG Export Future Delayed, But Not Dead Yet
Canadian LNG Export Future Delayed, But Not Dead Yet As the Lax Kw’alaams community rejected a $1 billion offer from Pacific NorthWest LNG as compensation for a proposed natural gas project this week, the global energy community took notice. With the native tribe turning down such an enormous sum of money, the rejection could put […]
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion Petronas is willing to pony up nearly $1 billion to secure the support of First Nations tribes in western Canada for its natural gas export project. The Malaysian state-owned oil company is offering C$1.15 billion (USD$950 million) to the Lax Kw’alaams tribe in order to build […]
No Wealth, No Justice in $1 Billion LNG Offer to First Nation Band
No Wealth, No Justice in $1 Billion LNG Offer to First Nation Band Here’s why Lax Kw’alaams still side with the salmon. Leonardo Boff, a Brazilian theologian and writer known for his work among the poor and the excluded, is credited with coining a phrase that is as true as any you’ll ever hear: ”The […]
Squamish Mayor Says No to LNG Plant, with Strings Attached
Squamish Mayor Says No to LNG Plant, with Strings Attached Terminal pumped by premier would process up to 2.1 million tonnes of gas a year. The mayor of Squamish and her council will not support the proposed Eagle Mountain pipeline and Woodfibre LNG plant in the region unless 18 conditions are met, according to an […]
Tanking Asia Gas Prices Makes BC LNG ‘Not Viable,’ Expert Says
Tanking Asia Gas Prices Makes BC LNG ‘Not Viable,’ Expert Says A liquified natural gas industry, as currently promoted by British Columbia’s Liberal government, is not viable at current natural gas prices, and the proposed industry tax regime actually “gives a subsidy to the LNG industry,” according to a royalty expert. Jim Roy, a former […]
LNG Another Casualty Of Low Oil Prices
LNG Another Casualty Of Low Oil Prices The oil industry is facing rising debt from collapsing oil prices, but there could be another sector that becomes a casualty of the low oil price environment: liquefied natural gas (LNG). Much of the global LNG trade occurs in Asia, where buying and selling occurs according to long-term […]
Is The Canadian LNG Export Dream Dead?
Is The Canadian LNG Export Dream Dead?. Lower oil prices have killed off major plans for liquefied natural gas exports from Canada’s west coast. On December 2 the state-owned oil company of Malaysia, Petronas, decided to shelve plans to build an enormous LNG export terminal in British Columbia, citing the falling price of oil. It is common […]
