There remains a lot of insistence that Canada should be exporting more LNG, and confusion as to why we’re not. And lo, there are a bunch of market forces at work, as fully permitted projects are not getting underway. Justin Trudeau’s remarks about there not being a business case turns out to actually be true. Funny how that works.
If you're keeping score, Coastal Gas Link was supposed to cost $6 billion. Then $11.2 billion. Now $14.5 billion. Rough calculations, but if shippers are eating that, it's an additional $1+ per GJ into pipeline tolls compared to initial costs.https://t.co/HKTeUW4Nzv
— Andrew Leach (@andrew_leach) February 2, 2023
Pacific Trails and Kitimat LNG are fully permitted. The market has been deciding on that project for a decade.
— Andrew Leach (@andrew_leach) February 2, 2023
"Mr Ebel, since the current midstream industry structure does not appear to be getting these projects done in a way that meets our obligations to our allies, should we consider nationalizing and having Canada actually do this?"
— Andrew Leach (@andrew_leach) February 2, 2023
Socialize the risks, privatize the gains…
— Andrew Leach (@andrew_leach) February 2, 2023
Ukraine Dispatch, Day 345:
Russia hit more apartment buildings in Kramatorsk in overnight bombings, while they try and encircle Bakhmut in the East. Meanwhile, the UK is saying no to providing fighter jets to Ukraine because they say that training the pilots takes three years (and yeah, I can see that, not to mention the maintenance on them is hideously time-consuming). Ukraine is also restarting repairs to some of its power plants, which is relieving the electricity shortages brought on by attacks.
https://twitter.com/zelenskyyua/status/1621193898948182021
A black spot on the snow. All that remains of the rubble after the demolition of the four-story residential building in Kramatorsk, which was hit by a russian rocket on the evening of February 1. If they are not stopped, they will blanket all of Earth in black ink. pic.twitter.com/5I3hhCQ76M
— Defense of Ukraine (@DefenceU) February 2, 2023