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Old Posted Feb 21, 2016, 7:16 AM
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Stingray2004 Stingray2004 is offline
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Join Date: Jan 2004
Location: White Rock, BC (Metro Vancouver)
Posts: 3,145


It's quite obvious that ya are waaaayyyy outta the loop and both BC and LNG "illiterate" regarding the nascent LNG industry here in BC.

Likely 'cause ya reside in Calgary, which is quite far from both the LNG proponents and their BC operations (both head offices as well as upstream NE BC).

In any event... just a synopsis... back in June, 2015 the Petronas consortium issued FID subject to 2 conditions - receipt of PDA (granted in July, 2015) and fed CEAA enviro certification.

Anyone in the energy industry is fully cognizant that a proponent does not issue FID on a huge $36 billion capex unless FEED as well as EPCC have been satisfactorily completed... among other factors. Apparently ya don't. Both were commenced back circa 2013.

The fed CEAA enviro certification has dragged on and on to the frustration of the proponents. To put things into perspective, the BCEAO granted enviro certification back in the fall of 2014.

That's all a moot point now as the fed CEAA confirmed a few weeks back that the proponent will have low impact upon fisheries at Flora Bank.

That CEAA assessment also addressed GHG emissions, which also apparently is just political "window-dressing".

And the 5 local Tsimishian FN chiefs were satisfied with that CEAA outcome, which corroborated their own internal enviro assessment in terms of fisheries - the key enviro factor therein.

The CEAA has already issued their preliminary report with draft conditions for the proponent. When the 30-day public comment period ends on March 11... the federal minister is expected to grant final CEAA enviro certification by late March/early April.

In that vein. just a few weeks back, the BC preem (along with the BC enviro minister, LNG minister et al) led a 100-strong contingent to Ottawa, which included Petronas officials, Royal Dutch Shell officials, First Nations chiefs from the Tsimishian, Haisla et al First Nations as well as union leaders from the BC Building Trades unions.

They met with the PM as well as the fed ministers of environment, energy et al. They all came away quite confident in final approval for the Petronas LNG facility, etc.

Finally, in order to corroborate my previous post.... PNW LNG (Petronas consortium) prez Andy Calitz stated recently... "We were shovel ready back in June, 2015 and we are shovel ready today".

No doubt. As they have already sunk in excess of $17 billion into the project and for good reason.

Last edited by Stingray2004; Feb 21, 2016 at 10:23 AM.
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