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Neolithic Transit Revolution
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Comments by "Neolithic Transit Revolution" (@neolithictransitrevolution427) on "" video.
Even in the case with growth, Qatar can take the entire market and be the cheapest option. And with storage coming on line it won't be the case of growth. The only potential projects would be out of Hudson's bay in Manitoba, shale fracking in Quebec (never going to happen). The existing pipeline west exists, so you may as well bring in floating LNG platforms, but another will certainly lose money.
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@Z06Fred LNG Canada has a take away of about 10% of production. I actually think it's the opposite, Alberta policy is propping up NG demand in the oil sands and Electrical production out of fear the industry won't have a buyer. But I agree people should be considering LNG exports effectively export our advantage of having cheap energy, and that a balance is needed..
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@LornaKortgaard then they need to offer to pay for the pipeline or make first long term purchase commitments. It's great to want a secure supplier. The issue is they won't pay for it. They want insurance but only when they have an accident -they won't buy our more expensive product when Qatar or the US is selling cheaper. .
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@josefreding5044 it's a question of cost competitiveness and long term demand. Fundamentally we cannot produce LNG at international prices. East coast is a 4000km pipeline, the Americans need a few hundred km at most, Qatar can stick a straw in the ground. And ultimately, Europe will go back to buying pipeline NG from Russia while continuing to cut their total demand. If Europe wants to pay for a pipeline, I'm happy to let them. But it is fooling to make a $100 billion investment targetting an economy trying to reduce demand for the product without long term purchase commitments, and Europe has not offered this. I'd say we might be able to export LNG to Europe out of Manitoba in the summer. But even that has risk..
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@davidedepaiva7104 but for how long and at what price?
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@SBKCanada you're comparing an existing product pipeline to a very different pipeline carrying a different product. The issue with your argument is that the replacement not only is found but exists at scale. Whether that replacement is the enormous battery manufacturing capacity of China or LNG out of Qatar isn't relevant to Canada. LNG out of Canada simply has no economic promise. Also, there is no LNG pipelines, only NG pipelines..
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@robertstjean3009 whether or not Net Zero is a fools errand, it is a question of Canada being able to sell LNG. Look at map. We have to build a 1000km over the rockies or 4000km over Canadian Shield or North where we only operate seasonally. Qatar can basically stick a straw into the ocean. All US LNG comes from a few hundred KM at most over flat Texas using existing pipelines. It's like saying Russia built an underwater pipeline to Germany so we should do the same - it entirely ignores the reality of the infrastructure cost..
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@Z06Fred Oh I'm sure they'll find a way to charge you more. But with the carbon price gone, your bills will still be lower - although you won't get any of it back. But also, the NG production is as much about production of light oil to mix with Bitumen for DilBit. As long as there is demand for that, they don't really have a choice but to sell the NG. And also, with battery storage coming on line over the next few years I'd expect domestic demand to drop..
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