Canada Minister Wants LNG Canada Doubled, Eyes Western Pipeline Upgrade

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(Bloomberg)-The Canadian government supports doubling the size of the natural gas project, which is already calm on the West Coast, and now sees it as “possible”, according to the Minister of Resources, as the country is pushing to diversify exports away from the hostile United States.

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It is expected that the LNG Canada Federation, which includes Shell PLC and Petronas, will send its first shipments of LNG within months. After that, the group will have to make a final investment decision on moving forward in the second stage.

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“Yes, we would like to see a positive individual from Lng Canada 2,” said Jonathan Wilkenson, Minister of Natural Energy and Energy.

LNG Canada is tens of billions of dollars in investment in investment and is one of the largest projects in the private sector in Canadian history. Stage 2 will double its capacity on 28 million metric tons per year. Wilkinson said it is important in the efforts of Canada to diversify trade, but it is also important to suit it within the “architecture of government climate.”

In one of his first sermons after he became prime minister in March, Mark Carney said that LNG Canada is a “project of national importance”. This indicates a “commitment” to try to obtain a positive decision in the second stage.

The Teresa Wadington, Vice President of LNG Canada, said that the company and its five subscriber investors continue to explore the paths to the expansion of the second stage, and that the decision will be treated in competitiveness, the ability to bear costs, speed, future greenhouse gas emissions and the needs of stakeholders. This means more revenue for governments and helping countries with transitional energy.

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“With the continued display of global events, it should not be considered a reliable supply of energy produced with responsibility for it.” “We are proud to be part of the efforts made to provide this energy with Canada to diversify its export markets. The expansion of the second stage proposed by Lng Canada will increase these goals.”

The minister has identified a series of projects of the West Coast, which he said – if all of them are built – makes Canada the fifth largest exporter of liquefied natural gas in the world, allowing it to find buyers for 50 % of the gas that it currently sends to the United States. It included Lng Canada, as well as Cedar Lng and Woodfibre Lng.

President Donald Trump has sparked definitions of Canada and the threat of the use of “economic power” to make it a 51st American country deep political revolution and prompted the country to search for new partners and markets. It is a dominant topic in the national elections to be held on April 28.

Wilkenson said that Canada does not want to escalate the customs tariff dispute. It tries to respond tactical, or even reflect our import taxes when you can, as I did with automatic definitions. But it has more revenge measures that it can explore if necessary.

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“Everything is on the table, all the way to look at some types of things such as the critical minerals they use, and these can be points of points in both directions – to harm them as they harm us, or may benefit from them in a more logical approach,” Wilkenson said.

“There are definitely opportunities to think about some things they use in large quantities they need.” When asked if the nickel was an example, he agreed.

Trisk Mountain

The Canadian trade war with the United States has sparked a new conversation about finding new buyers of vast natural resources in the country, including oil, almost all to the United States, where it sells a great discount on global crude prices, as well as reducing its exposure to US infrastructure strategically.

There is a discussion about the shipping of oil from the West Alberta Province to the East Coast in Canada. Wilkenson said that such a line is “on the table”, but it is “a very difficult way”, and it refers to the companies that occur with it, because it will take a long time and cost $ 40 billion to Canadian dollars to $ 50 billion, and may require financial support from the federal government, and Eastern fees refineries are not currently prepared.

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Wilkinson said the first step is the easiest to increase the ability to export oil in Canada, is to upgrade the Trans Mountain pipeline, which runs from Alberta to the British coast of Colombia. The adjustments will help the pipeline to bear between 200,000 to 300,000 barrels per day. Wilkenson said the government, owned by the government, is looking at this.

Canada evaluates other options to reduce its dependence on a section of the pipeline that passes through the American Middle West before the re -introduction of Canada via Ontario. He said this could include bringing more oil from Newfondland to the ports in Canada Atlantic and Montreal, or transferring some current infrastructure from Quebec to Ontario.

Questions about the liberal party's approach to hydrocarbon projects remain in light of the policies implemented during the era of former Prime Minister Justin Trudeau, whose government has tightened environmental rules to alleviate climate change.

After energy, Canada needs to “restore ourselves to some effects” from the soft wood tariffs from the White House, Wilkinson said. He said that Canada could try to sell more to Asian markets and use more wood internally, citing the commitment to the Carney campaign using group wood in normative homes.

But the United States “will not be able to produce enough wood to be able to meet the demand for housing” locally.

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