Monday, June 15, 2015

Obama Sends Canadian Gas to China

Not directly, of course, but indirectly, by opposing and blocking the Keystone Pipeline he's made it pretty clear that the Canadians cannot count on the US to help in the development and sale of fossil fuels, even when it's in our own economic interest: TransCanada set to start building B.C. gas pipeline this year
TransCanada Corp said on Friday it expects to start construction this year onnatural gas pipeline to British Columbia's Pacific Coast worth at least C$5 billion ($4.1 billion) following a conditional go-ahead by a Petronas-led consortium for what could be Canada's first LNG export terminal.

The Prince Rupert Gas Transmission line will connect the prolific Montney gas field near Fort St. John in northeastern British Columbia to the Pacific NorthWest LNG terminal, which is planned for Lelu Island on the North Pacific Coast near the port of Prince Rupert.

The conditional go-ahead for the liquefied natural gas terminal is a rare win forTransCanada, which has struggled in recent years to rally support for its crude oil pipeline projects, including the long-delayed Keystone XL line to move oil from Alberta to the U.S. Gulf Coast.

The Calgary-based pipeline company has bet big on Canada's nascent LNG industry, with deals to build more than C$13 billion in natural gas pipelines to serve proposed export projects on the country's West Coast.
. . .
TransCanada said it plans to put the 900-km (560-mile) Prince Rupert line into service as early as 2019.
It's hard to blame them.

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