1-3-19 Shell Leads Big Canadian LNG Project

Comment: Alaskan investors have have been trying to engineer an economically feasible, North Slope LNG export project for over 40 years.

British Columbia, also has LNG fever.  It struggles with a half dozen economically feasible export schemes — occasionally confounded by Aboriginal claims, environmental activist obstruction and now, low LNG prices flowing from depressed world economies and a plethora of competitive LNG projects (See CBC review below).

Unlike Alaska, the overwhelming majority of worldwide LNG export projects do not carry the burden of having to finance an 800 mile Arctic gas pipeline.  And the majority also enjoy lower labor rates, less costly logistics and friendlier weather.  Alaskans are beginning to understand that its government cannot force the economics to be attractive.  Hopefully, they will also come to the conclusion that any future funding of government pipedreams should be suspended.

If and when Alaska’s North Slope gas becomes competitive, the private sector will embrace both the profit potential and the risk of failure.

That’s as it should be.  -d

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CBC.  Shell Canada made one of the biggest moves of 2018 in the natural gas industry by deciding to move ahead with a $40-billion liquefied natural gas export facility on B.C.’s coast.

Construction is underway, but patience is needed since it will take five years to construct. Until then, the industry seems stuck with low prices, a lack of spare export pipeline space, and stagnant demand.

Shell leads the consortium behind LNG Canada, the planned export facility in B.C.

RDC Breakfast January 3, 2019: Featuring Cathy Giessel Senate President-elect from Resource Development Council on Vimeo.

Alaska State Senate President, Cathy Giessel. NGP file photo by Dave Harbour.

Alaska Governor Mike Dunleavy

We are pleased to bring our readers this morning’s presentation by Alaska’s incoming State Senate President, Cathy Giessel.  She addresses a number of resource issues, pointing out her view as a professional Nurse Practitioner that good health and healthy families are enhanced by a favorable economic climate.  In Alaska’s case, a favorable economic climate is created by wise management of Alaska’s significant natural resource reserves.  With her leadership, and that of Governor Mike Dunleavy, many believe that Alaska is in very good hands!  -dh

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About the Author:

Dave Harbour, publisher of Northern Gas Pipelines, is a former Chairman of the Regulatory Commission of Alaska, a Commissioner Emeritus of NARUC, NARUC's Official Representative to IOGCC and Vice Chairman of NARUC's Gas Committee. He served as Gas Committee Chairman of the Western Conference of Public Service Commissioners. He also served as commissioner of the Anchorage Bicentennial Commission and the Anchorage Heritage Land Bank Commission.He earned a Bachelor of Arts Degree: English, at Colorado State University, a Master of Science Degree: Communications-Journalism at Murray State University and graduated from Utility Regulatory School for Commissioners at Michigan State University. He served as a Vice President for Communications and Public Affairs at Alaska Pacific University, taught bank marketing classes at the University of Alaska and was an English teacher at Los Alamos High School.Harbour served in ranks of Private - Captain during a 4-year assignment with the Army in Korea, Idaho, Georgia and Fort Meade and received the Meritorious Service Medal among other commendations.Harbour is also a past Chairman of the Alaska Council on Economic Education, the Alaska Oil & Gas Association Government Affairs Committee, the Anchorage Chamber of Commerce, the Export Council of Alaska and the Department of Commerce's District Export Council. He is a past President of the Alaska Press Club, American Bald Eagle Foundation, Consumer Energy Alliance-Alaska and Common Sense for Alaska.Harbour was instrumental in founding the American Bald Eagle Research Institute (UAS), the Alaska Support Industry Alliance, the Downtown Anchorage Business Partnership, and Arctic Power.He also served as CEO of several small Alaska organizations, including the Anchorage Parking Authority and Action Security, Inc. Harbour is also Chairman Emeritus of the Alaska Oil & Gas Congress.Harbour's wife, Nancy, is a professional, performing arts administrator and his three boys, Todd, Benjamin and William work in the fields of environmental management, energy marketing and medicine.