Shell agrees to massive Canadian liquified natural gas project
03 Octobre, 2018, 11:57 | Auteur: Therese Cote
A massive liquefied natural gas (LNG) export project in Canada has received final approval from its partners, LNG Canada said on Tuesday, making it the first major new project for the fuel to win approval in recent years.
Yesterday, Petronas confirmed the company and joint venture participants reached a final investment decision on their LNG Canada project to strengthen their LNG supply portfolio to Asian markets. Bloomberg News reported Sunday that the group had approved the investment and an announcement was imminent.
While the project is expected to provide a boost to the Canadian energy industry, some analysts asked whether the price tag could be tough on Shell.
The $40 billion will project will see the construction of a 640-kilometre pipeline to transport natural gas from Dawson Creek in northeastern B.C.to a brand new processing terminal on the coast in Kitimat, where the gas would be processed into liquid for export to overseas.
"The project LNG Canada is bringing to northern B.C. symbolizes the kind of balanced and sustainable path forward British Columbians are looking for", said B.C. Premier John Horgan. "Demand has exceeded expectations". Green leader Andrew Weaver reiterated on Twitter that his party would not support legislation enabling LNG development, but speculating that the opposition BC Liberals might. The project has all necessary permits and will have an initial capacity of 2.1 billion cubic feet a day - about a third of Canada's total gas demand, government data show.
The joint venture of JGC-Fluor Corp has been appointed as the project's engineering, procurement and construction contractor.
LNG expects to start supplying customers with natural gas by 2025.
"I don't see it as a case of replacing US cargoes, more about meeting projected demand growth", said Wood Mackenzie analyst Nicholas Browne.
U.S. Envoy Threatens Russia Over Missiles
The sites, USA and NATO officials counter, only house defensive weapons and not any treaty-busting offensive missiles. Hutchison said the U.S. does not want to violate the treaty but Russian Federation could force its hand.
Prices have been lower than that for the vast majority of the past four years, but Uhl suggested there would be a "supply gap" opening up around the time the project starts selling fuel that will raise prices. This is compared to the 20 days it takes from the US Gulf.
"LNG Canada's FID. (signals) the appetite to invest in LNG is back", said Saul Kavonic, an energy researcher at Credit Suisse. Plant's estimated construction cost at $1,000 per ton of LNG.
The green light marks the end of a seven-year effort, including two postponements in 2016 at the depths of the gas market downturn.
Kitimat Mayor Philip Germuth was pleased to see reports Sunday that investors in the $40 billion LNG Canada project would announce their intention to proceed with the project as early as Monday.
"We believe 2019 could be the busiest year of LNG FIDs ever", said Wood Mackenzie's director of North America gas, Dulles Wang.
Stakeholders in LNG Canada - Shell, Malaysia's Petroliam Nasional Bhd [PETR.UL], PetroChina Co Ltd, Korea Gas Corp (KOGAS) and Japan's Mitsubishi Corp - have all made final investment decisions, LNG Canada said.
With assistance from Dan Murtaugh.To contact the reporters on this story: Natalie Obiko Pearson in Vancouver at firstname.lastname@example.org; Stephen Stapczynski in Tokyo at email@example.com; Elffie Chew in Kuala Lumpur at firstname.lastname@example.org; Kelly Gilblom in London at email@example.com.
The main goal of the agreement for the United States is to have more vehicle and truck parts made in North America. Canada had resisted American moves to remove the provision, keen to be able to challenge USA trade penalties.
Chicago wouldn't go away quietly, with Anthony Rizzo knotting the game back up in the fifth with a 429 foot shot to right field. Freeland was damn near untouchable on Tuesday night, surrendering four hits and a walk in 6.2 innings of shutout work.
The 27-year-old pleaded guilty in early September to leveraging insider stock tips to boost his financial portfolio. The Seahawks also officially placed safety Earl Thomas (broken left leg) on injured reserve.
Nauert said the stops in Japan, South Korea and China were meant to brief counterparts on the Pyongyang talks. Pompeo is expected to lay the groundwork for a second summit between President Donald Trump and Kim.
Trois autres personnes ont été arrêtées par les policiers avec lui: il s'agirait de son frère et de deux de ses neveux. Il avait raconté son parcours dans un livre et sur les plateaux télé, avant de replonger dans le grand banditisme.
An independent report released three months later found serious police and government failures in responding to the mayhem. Another court filing in the case shows that the men have been arrested and are awaiting their initial hearings.
It is now nearly certain Ramsey will be moved on in either January or when his contract expires at the end of the season. Gooners, is Rambo good enough to play for Real Madrid? "He's a great player, he's been at Arsenal for a long time".
Judge has previously denied any memory of such an incident. "He apologized to Amy Klobuchar for snapping at her", Graham said. Judge's interview started but "has not been completed", his attorney said in a statement quoted by Fox News.
Sur le terrain, les équipes de recherche mènent une course contre la montre pour sortir des survivants des décombres. L'Indonésie se trouve dans une zone de forte activité sismique et de nouvelles secousses ont eu lieu ce mardi.
He urged people to do their research on the matter and blamed "them" for lying to us (without naming "them"). Irving didn't claim that he had changed his mind, but he did apologize for ever bringing up the subject.
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Standby status means people should avoid the area nearest the volcano and have masks available in the event of ashfall. The volcanic ash was also not expected to disrupt flights because of the wind direction now .
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Following the investigation into Fan , authorities have declared a wider crackdown on the entertainment industry, Xinhua said. Fan topped Forbes magazine's 2017 list of top-earning Chinese celebrities with income of 300m yuan ($43m).
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Judge is one of multiple people the FBI has already interviewed as part of its reopened background investigation into Kavanaugh. Judge has been interviewed by the Federal Bureau of Investigation but his interview has not been completed".
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Speaking to The Hollywood Reporter , she was open about the economic considerations that saw her accept a role in the blockbuster. The harshest reactions to Venom came from IGN's Tom Jorgensen and MCU Cosmic's Jeremy Conrad. 'He's so talented and so committed.