Welp that slightly disappointing. Probably paid PR. TL;DR: it's an LNG terminal being built on western coast of Canada by a company called LNG canada. But the company is an international joint...
Welp that slightly disappointing. Probably paid PR. TL;DR: it's an LNG terminal being built on western coast of Canada by a company called LNG canada. But the company is an international joint venture: Shell, PETRONAS, PetroChina, Mitsubishi and KOGAS
Paid PR that starts off by stating the project is a massive gamble, explains why its so risky, why it might fail, why the project has run into massive cost overages already, and talks about the...
Paid PR that starts off by stating the project is a massive gamble, explains why its so risky, why it might fail, why the project has run into massive cost overages already, and talks about the potential indigenous rights violation issues? That would be a pretty strange way to promote something.
I posted it in ~engineering because that's what the majority of the video focused on though... the engineering and construction aspects, which are interesting regardless of how you feel about the project politically or environmentally, IMO. And worth noting is that B1M is a channel dedicated to construction, engineering, and infrastructure, not politics or the environment.
And yeah, it's not a particularly deep dive on the project. But I still enjoyed it and thought it was worth sharing. ¯\_(ツ)_/¯
Surely, then, one of the world’s biggest gas producers suddenly becoming an exporter is good news for Europeans?
Well, first of all they’re in the opposite direction to Asia — which would mean very long journeys to reach them. Also, despite needing more of it in the short term, Europe is pushing hard to get off fossil fuels for good, as soon as possible.
Right there is where you have one of the potential problems with this whole project — the timing. When it finally gets up and running, many nations are going to be looking at much cleaner alternatives to natural gas, and the chances are that overall demand will be lower by then.
Canada will be coming up against competitors that have already been doing LNG for years, too. Another issue is the cost, which has grown significantly — not on the LNG terminal, but with that pipeline.
There’s also the impact on local communities — the First Nations. LNG Canada says it’s working closely with them on the main site, yet there have been disagreements further inland.
“The Coastal GasLink pipeline was originally estimated to cost about $6 billion. The latest cost estimate is $14 billion, and these are Canadian dollars,” Williams-Derry said.
“And then at the same time, First Nations, the Aboriginal people of the Montney Basin, have been concerned about the impacts of drilling and forestry on their hunting and fishing rights.”
The industry had to make an agreement with the government and the First Nations that limited the amount of drilling in the Basin, and that could push up the cost of supply too.
Overall, then, LNG Canada represents something of a gamble for the companies involved, and the country. It’s undeniably impressive from a construction point of view, and it’s offering something that’s clearly needed at the moment all over the world.
But as is often the case with these megaprojects, whether it ends up being worth the cost — both financially and environmentally — remains to be seen.
And yeah, it's not a particularly deep dive on the project. But I still enjoyed it and thought it was worth sharing. ¯\_(ツ)_/¯
B1M is pretty open about when they're sponsored, usually it's civil engineering project management software. Though all their videos do fall into the "overtly optimistic rewording of press...
B1M is pretty open about when they're sponsored, usually it's civil engineering project management software.
Though all their videos do fall into the "overtly optimistic rewording of press releases" mode that many futurology-esque content creators seem to stick with. So I can understand the feeling; the content is shallow, overdramatic, and in many cases (especially with respect to Saudi Arabia's recent megaprojects) wholly open to ignoring the negative impacts these undertakings can have.
In the context of wanting a greener future I completely agree with you. Given the context of the current political world stage I also fully understand why this move makes sense. Previously, a lot...
In the context of wanting a greener future I completely agree with you.
Given the context of the current political world stage I also fully understand why this move makes sense. Previously, a lot of natural gas in Europe came from Russia through pipelines. With those now out of the picture or their role greatly diminished, natural gas needs to be imported from elsewhere.
There are no other regional players who can provide the volumes through pipelines, this leaves LNG which indeed has seen demand grow lately.
Indirectly, this project pays part of my income. I live near the Montney Basin and some of my tenants work in the basin, so their wages pays their rent, which pays part of my income. Which...
Indirectly, this project pays part of my income. I live near the Montney Basin and some of my tenants work in the basin, so their wages pays their rent, which pays part of my income. Which definitely means Im not unbiased.
Even without that link, I fully support LNG production because the means to produce power and heat are not going to be easily replaced by green sources for at least another couple of decades, especially for those of us who live in very cold regions. There are no efficient and relatively inexpensive green ways to heat a house or a business at -35c. My solar panels dont do much when the days only have 7 hrs of sunlight and they definitely dont do much at midnight - but flicking on the furnace which burns propane/nat. gas definitely does - it literally keeps us alive.
Nat. gas isn't perfect but its a much better option than coal - and we cant through out the good in search of the perfect because there is no 'perfect' solution. LNG will be with us for many years to come.
Welp that slightly disappointing. Probably paid PR. TL;DR: it's an LNG terminal being built on western coast of Canada by a company called LNG canada. But the company is an international joint venture: Shell, PETRONAS, PetroChina, Mitsubishi and KOGAS
Paid PR that starts off by stating the project is a massive gamble, explains why its so risky, why it might fail, why the project has run into massive cost overages already, and talks about the potential indigenous rights violation issues? That would be a pretty strange way to promote something.
I posted it in ~engineering because that's what the majority of the video focused on though... the engineering and construction aspects, which are interesting regardless of how you feel about the project politically or environmentally, IMO. And worth noting is that B1M is a channel dedicated to construction, engineering, and infrastructure, not politics or the environment.
I just skimmed the transcript. It didn't read negatively to me. Its also pretty shallow technically? idk
And yeah, it's not a particularly deep dive on the project. But I still enjoyed it and thought it was worth sharing. ¯\_(ツ)_/¯
B1M is pretty open about when they're sponsored, usually it's civil engineering project management software.
Though all their videos do fall into the "overtly optimistic rewording of press releases" mode that many futurology-esque content creators seem to stick with. So I can understand the feeling; the content is shallow, overdramatic, and in many cases (especially with respect to Saudi Arabia's recent megaprojects) wholly open to ignoring the negative impacts these undertakings can have.
In the context of wanting a greener future I completely agree with you.
Given the context of the current political world stage I also fully understand why this move makes sense. Previously, a lot of natural gas in Europe came from Russia through pipelines. With those now out of the picture or their role greatly diminished, natural gas needs to be imported from elsewhere.
There are no other regional players who can provide the volumes through pipelines, this leaves LNG which indeed has seen demand grow lately.
Transcript for those who prefer reading:
https://www.theb1m.com/video/lng-canada-30bn-megaproject
Indirectly, this project pays part of my income. I live near the Montney Basin and some of my tenants work in the basin, so their wages pays their rent, which pays part of my income. Which definitely means Im not unbiased.
Even without that link, I fully support LNG production because the means to produce power and heat are not going to be easily replaced by green sources for at least another couple of decades, especially for those of us who live in very cold regions. There are no efficient and relatively inexpensive green ways to heat a house or a business at -35c. My solar panels dont do much when the days only have 7 hrs of sunlight and they definitely dont do much at midnight - but flicking on the furnace which burns propane/nat. gas definitely does - it literally keeps us alive.
Nat. gas isn't perfect but its a much better option than coal - and we cant through out the good in search of the perfect because there is no 'perfect' solution. LNG will be with us for many years to come.