LNG Canada unaffected by pipeline, trade issues

first_imgFinal investment decision by the LNG Canada project will not be affected by Canada’s oil pipeline nationalization issues as well as trade tensions with its neighbor to the South, the United States. In an interview with Bloomberg, Shell-led LNG Canada’s chief executive officer Andy Calitz said the conditions for the project to go ahead in 2018 are good.Initially, the FID has been delayed in 2016, however, Calitz said the conditions are quite different now, as the project has become more competitive. He noted that a 6 percent reduction in the costs of gas unit delivery to Asia from the proposed facility in Kitimat.Canada’s government has agreed to buy the Trans Mountain pipeline from Kinder Morgan in May, for a consideration of $4.5 billion Canadian dollars ($3.47 billion).However, the Canadian Federal Court of Appeal nullified the approvals of the project at the end of August. It has since then ordered the National Energy Board to review its recommendations on the project in the next 155 days.In addition to the pipeline issue, Canada is facing trade tensions with the United States and is working to stay as a member of the North American Free Trade Agreement.Neither of these issues would affect the LNG Canada project according to Calitz. An additional positive for the project is the fact that it is not required to tie up long-term buyers.One unknown still remains, as the project requested duties exemption on some 140 steel modules that will be fabricated in China and delivered to Canada for the project. A decision by the Federal Court of Appeal is expected by the end of the month.The proposed project includes the design, construction and operation of a gas liquefaction plant and facilities for the storage and export of LNG, including marine facilities.The plant will initially consist of two LNG trains each with the capacity to produce at least 6.5 million tons per annum (mtpa) of LNG, with an option to expand the project in the future to four trains.A joint venture by Fluor Corporation and JGC has been selected to provide the engineering, procurement and construction work on the project.LNG Canada project is led by the Hague-based Shell with other partners being PetroChina Canada, Diamond LNG Canada, a Mitsubishi Corporation unit and Kogas Canada LNG.Earlier in May, Malaysian energy giant Petronas has agreed to buy a 25 percent stake in the project from Shell. LNG World News Stafflast_img read more

PSG breaks its hex with the eighth Champions

first_imgThose of Favre settled for 20 minutes in the Parc des Princes, but without disturbing Keylor Navas. Sancho and Hazard were always Dortmund’s options to come out on the counterattack, but the German team gave the impression of being very conservative. He did not look for the 0-1 and he only closed pass lines to avoid that Neymar received comfortable. Cavani had the clearest chance at 25, but Burki avoided 1-0 with a great save.PSG turned the tie before the break thanks to two errors by the rival. Neymar’s 1-0 lead, the Madrid academy player Achraf loses the mark very easily, and On Bernat’s second goal, Dortmund’s central defenders were uncoordinated, allowing Sarabia to receive a legal position and assist the left-back.In the second part, PSG began to catch the result of the match. The 2-0 put the Parisians in quarters, and although it had some chance of danger, Dortmund gradually grew. Tuchel entered Kurzawa as winger to endure the result, Emre Can was expelled from a fight with Neymar and there was hardly time for anything else. The party was life or death for PSG. No public because of the coronavirus, and with a Tuchel gambling the position, the Parisians were forced to win to avoid another bump in the Champions League. The German left Mbappé on the bench (he was in doubt until the last minute), gave Sarabia the title and placed Paredes in the center of the field, next to Gueye. The losses of Thiago Silva, Verratti and Meunier already in themselves conditioned the initial approach. Favre, meanwhile, repeated the three-way system from the first leg. After three consecutive years falling in the knockout stages of the Champions League, PSG broke its hex after defeating Dortmund 2-0 and trailing 2-1 in the first leg in Germany. Neymar scored the first and Bernat signed the victory before the break. Goals1-0, 27 ‘: Neymar, 2-0, 45 ‘: Bernat ChangesKylian Mbappe (63 ‘, Sarabia), Brandt (68 ‘, T. Hazard), Gio Reyna (70 ‘, Witsel), Layvin Kurzawa (78 ‘, Say María), Gotze (86 ‘, Achraf Hakimi), Nianzou Tanguy Kouassi (91 ‘, Walls) It was not a brilliant first part in Paris. The lack of public was evident in the intensity that both teams printed for 45 minutes. The Parisians returned for an instant to seeing ghosts with Neymar, after a bad fall from the Brazilian in the 8th minute that left him uncertain for several minutes due to a blow to the shoulder. CardsReferee: Anthony TaylorVAR Referee: Stuart AttwellErling Braut Haland (15 ‘, Yellow) Hummels (60 ‘, Yellow) Bernat (67 ‘, Yellow) Emre Can (88 ‘, Red) Neymar (89 ‘, Yellow) Marquinhos (89 ‘, Yellow) Say mary (89 ‘, Yellow) Kylian Mbappe (92 ‘, Yellowlast_img read more