[Stingray2004]

Originally Posted by WarrenC12

Things are getting more pessimistic for BC's LNG prospects:

http://www.cbc.ca/news/business/lng-...lock-1.3564280

Pessimistic? Haha. Ya never fail to disappoint Warren. And obviously don't understand LNG. Also read the same article along with hundreds of others. Frankly, a kinda dumb article and the author himself has never written upon LNG or even understands the industry himself either - just not able to separate the wheat from the chaff.

Brent Jang of the Globe and Mail has always been considered the most knowledgeable source on LNG here in BC in by insiders. And his take from yesterday:

Pacific NorthWest hopes B.C. LNG project in final stages before approval
BRENT JANG
VANCOUVER — The Globe and Mail
Published Monday, May 02, 2016 8:22PM EDT

Pacific NorthWest LNG will submit new reports to the Canadian Environmental Assessment Agency by mid-May in an effort to address lingering concerns about its plans to export liquefied natural gas.

The consortium is seeking to push the project across the finish line after a series of delays that arose mostly because of requests from the agency for greater detail. The upcoming filings are significant because they are seen as the final chapters to Pacific NorthWest LNG’s submissions aimed at winning regulatory approval.

The federal regulator sent a six-page letter on March 18 to Pacific NorthWest LNG, asking the consortium to file more information, such as the construction work schedule for a suspension bridge and pier in northwestern B.C. Those two structures spanning 2.7 kilometres would connect a dock in the ocean with the planned LNG terminal on Lelu Island.

We’re in the midst of responding to what we hope is the final information request,” Pacific NorthWest LNG director Michael Culbert said in an interview. “Let the science answer the questions. We’ve gone through a rigorous environmental assessment process.”

After the CEAA receives the new reports, it may take several weeks for the agency to decide whether the responses are adequate. By late June, the 90-day clock could start ticking – that’s how much time the federal cabinet will have to render its ruling on whether to reject the LNG proposal or approve it with conditions, industry observers say.

If cabinet clears the way, that will allow Pacific NorthWest LNG to make its own final investment decision, potentially in September. Malaysia’s state-owned Petronas leads the consortium. The other partners are from Japan, China, India and Brunei.

“We’re advised by Minister McKenna that it will be no more than a 90-day decision period,” Mr. Culbert said.

A March survey conducted by Abacus Data and commissioned by Pacific NorthWest LNG showed that of the 1,000 B.C. respondents, 63 per cent supported the project, 20 per cent opposed and 17 per cent were neutral.

http://www.theglobeandmail.com/news/...ticle29829681/

And from a few days earlier:

Petronas Canada LNG project chief sees investment decision in months

Reuters

Fri Apr 29, 2016

CALGARY, Alberta, April 29 (Reuters) - Petronas and its partners hope to make a final decision within months on whether to build what could be Canada's first liquefied natural gas export project, though further delays to the environmental review could push that timeline back, the project chief said late on Thursday.

"Depending on the timing of the CEAA (Canadian Environmental Assessment Agency) decision, we would hope that by late summer or early fall we would be in a position to follow up on (a final investment decision)," Michael Culbert, president of Pacific NorthWest LNG, said in a phone interview. Petronas, Malaysia's national oil and gas company, owns a 62 percent stake in the company.

Pacific NorthWest is now working to answer the regulator's final round of questions and Canada's ruling Liberals have pledged that once addressed, the company would have its decision within three months.

"As a human, we all want to see the finish line from time to time. This finish line has continued to be somewhat evasive for us," Culbert said.

http://af.reuters.com/article/energy...BrandChannel=0

Petronas names new president of Pacific NorthWest LNG
BRENT JANG
VANCOUVER — The Globe and Mail
Published Friday, Apr. 29, 2016 3:01AM EDT

Petronas has named a new president at Pacific NorthWest LNG to oversee construction of the B.C. project, hoping to show Ottawa that the consortium is willing to forge ahead despite a federal environmental review that has taken more than three years.

Adnan Zainal Abidin, vice-president of global LNG projects at Malaysia’s state-owned Petronas, will take over on Sunday as Pacific NorthWest LNG president. The industry veteran joined Petronas in 1984 and rose through the ranks to become an expert in liquefied natural gas.

“This team is the engineering and project management side, which will be built up around Adnan’s skill set,” Mr. Culbert said in an interview. “It’s a good sign for the project to bring that LNG construction expertise in.”

“Here we are, coming up to a year later, and we’re still waiting for that CEAA approval,” Mr. Culbert said. “Investments like this make a lot of sense to me, as a Canadian, to move the project forward. This is the right time to invest. You’re in a down cycle in the energy sector and jobs have been lost. This is job creation and you have a federal government that is in significant deficit position.”

http://www.theglobeandmail.com/repor...ticle29791565/