$PEAK - Interesting but long term.Vancouver Island partners sign hull design contract for floating LNG proj - $PEAK - InvestorVillage


This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: $PEAK   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  59468 of 59477  at  9/20/2018 10:42:40 AM  by

Naamkat


 In response to msg 59465 by  ReVolvo
view thread

Re: Interesting but long term.Vancouver Island partners sign hull design contract for floating LNG project

There's an existing pipeline to Vancouver Island that is underutilized since several pulp mills, the primary industrial customers, have permanently closed operations.

The VCR Island pipeline comes ashore near Campbell River, where there is an unused tidewater industrial site that used to house the Elk Falls pulp and paper operations, closed about 12 years ago. 

 
You'll note the modest size of the LNG facilities (capital costs under $1b).  Being able to barge it in allows them to overcome the normal required economies of scale.
 
Not that I am in anyway endorsing that this thing will go, just responding with data.  It would be the same line as that required by Woodfibre LNG, a more likely project in my estimation.  I suspect Woodfibre will take 100% of whatever gas can be delivered leaving the downstream end of that line to Vancouver Island well below capacity.  Only existing customers will retain capacity past the kick-off from Woodfibre.
 
But I'm just using logic, I have no direct knowledge of the capacities of the lines. 
 
Regards,
Naamkat 




     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 2  
   Views: 150 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
59469 Re: Interesting but long term.Vancouver Island partners sign hull design contract for floating LNG project Naamkat 3 9/20/2018 11:12:28 AM




Financial Market Data provided by
.
Loading...