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Friday, December 6, 2013

British Columbia`s LNG Nightmare, The Devil Is In The Details

I receive daily LNG stories and analysis from around the world...

Here is a little something..

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Several LNG projects are currently under development in British
Columbia, a western province of Canada. Canada is one of Japan’s most
important partner countries in terms of advancing diversification of
energy supply sources in order to secure a competitive and stable supply
of LNG.To import LNG from Canada, some issues, including the
development of infrastructure, such as LNG terminals and pipelines,
expeditious processing of permits and licensing, and LNG tax needs to be
solved.

Policy dialogues with British Columbia are extremely
important for Japan to solve such issues. In light of such recognition,
Minister Motegi met with Premier Clark to exchange views on specific
measures for LNG supply from Canadato Japan at competitive prices. At
the same time, both sides signed a Memorandum on Energy Cooperation and
Development between The Ministry of Economy, Trade and Industry, Japan
(“METI”) and The Government of the Province of British Columbia, Canada
(“BC”), which mentions the establishment of an annual high-level
meeting. In response to the memorandum, on December 3, 2013, METI
will hold the first high-level meeting with British Columbia and discuss
policies in detail.

Granted there is very little detail in the above link, however, the dunce, Christy Clark and her minister of hot air, lies and blather Rich Coleman has told our domestic head firmly planted in the sand media that BC`s most competitive LNG tax in world was good to go.."We have found a sweet spot"...."Industry is mostly in agreement that we are on the