Canada’s $30BN Gamble To Become An Energy Superpower
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- Опубліковано 18 лип 2023
- It's one of North America's biggest megaprojects, but you've probably never heard of it.
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didnt think i would see a dawsons creek throwback today
There you go. Life is full of surprises 😂
😂
@@TheB1M As someone from Dawson creek I've heard this joke basically every time I've mentioned my hometown never thought it would be in a youtube video.
@@davidcurrie6093 Profile's thumbnail checks out ;D
You wouldn't last a week on the creek
This project is 15 years behind what it should have been
US wanted to build it on Gulf of Mexico which failed miserably, the reason Canada is behind.
@@niweshlekhak9646 - No, our asshole of a Prime Minister is the reason. The guy should be charged as a traitor and sentenced to capital punishment.
yeah, but better than never ig
They've been working on it for 19 years. The first 15 years were all environmental studies and negotiation with the local first nations
@@mutum1 An excellent way to assure the no futur earth! Let's enjoy a lifeless barren earth!
For anyone interested in the chemical engineering in these plants, you should search for “mixed refrigerant” or “conoco optimised cascade” LNG processes. It’s extremely complex and very interesting
Thank you, I am interested, do you happen to know if they are using electric drives for the compressors, or the more traditional gas turbine mechanical drive?
@@lindsaydempsey5683pretty sure gas turbines for phase one. They are trying to get BCHydro to expedite power to them for phase 2 to electrify it but BCHydro is saying that would take at least a decade to get that kind of power to them.
@@ianhomerpura8937I also love that channel
@@kenbrake2828 It’s pretty sad that Canada cannot build any infrastructure in a reasonable time. Regardless of anyone’s favourite energy transition tech, none of it matters, because no one can build anything anywhere in Canada at the moment. Very sad.
@@lindsaydempsey5683 I 100% agree!
Natural gas isn't just used as a fuel, it's turned into various chemicals used in a number of processes. It's an essential building block of fertilizer and widely-used petrochemical products including cosmetics, medicine, synthetic fibres and plastics.
pump it into corn for the americans
While that's all true, it's still very bad for the environment. The world is currently moving away from LNG so this is a very short term thing for canada to be doing. In 20-50 years we have to move away from petro chemicals completely. Building a way to export that directly conflicts with what we need to be doing. This is a massively short sighted project that will only make Canada's wildfires worse.
@CRneu you’re delusional. Would you call renewables clean. Would you call the heavily subsidized renewable industry sustainable. I guess if we don’t care about things being affordable. When will you and others wake up to the idea of energy pragmatism. It’s great if we want to pollute less, but not at the cost of inflation in its current state; food, housing etc. If you think we can just ramp up electricity production to power our vehicles and other uses without a cost to the environment, you’re not realistic. The idea of a green renewable future is beautiful. It’s idealist and perhaps something we should aim for. But can we not say that it will be n years before fossils are phased out as if we have a clue.
Canada has nearly limitless supply
@@CRneu demand for lng will continue to increase for the foreseeable future. we need to be transitioning to renewable but that will take time.
Had the privilege to work on a section of this project, this is on a nation building scale for Canada. Not just at-face value of the LNG export, but the tens of thousands of workers who return to their communities with a lot of gained expertise in their respective trades.
Good for Canada 👍🏼
Sir WE ARE STUCK IN NATURAL GAS CAN SONEONE SOMEHOW TAKE IT TO $ 5 WHERW WE MANY R STUCK FOR ALMOST NOW 5 MONTHS!...GOS WILL BLESS FOR THIS KIND HELP🙏🙏...NO ONE TILL NOW ABLE TO TAKE US OUT OF WOOD!!
can we buy BANK OF AMERICA STOCK AS IT LOOKS V ATTRACTIVE LY VALUED @28
At $30 Billion this can't be much of a project as by comparison Trudeau just handed out $26 Billion taxpayer dollars to two foreign auto manufacturers just to build EV batteries in Ontario.
@@jeffspicolli593we get a lot done for $30B out in the oil industry of Alberta, working in BC but almost all of us are Albertans.
I never thought construction would interest me, but once I started watching your videos, I was hooked!
Not sure what phase of life you’re in, but you might enjoy pursuing a degree in construction or civil engineering. It’s a great career.
@@sammyday3341 I have considered civil engineering (it is a very interesting, rewarding, and important career), thank you very much for the recommendation. I'm currently interested in a career in aviation, but it's always a great idea to keep my options open, especially now that I'm nearing college! Thanks!
@@ElinaBenadoaviation industry needs plenty of engineers as well. Besides, their jobs are more secure then those of pilots ;)
@@Medved-Yarik Oh yes, engineers are very important in the aviation industry (it couldn't function without them). Based on my personality, however, I was thinking of going into the service aspect of aviation. I would love to be cabin crew. I'm very thankful for your encouragement, though!
can we buy BANK OF AMERICA STOCK AS IT LOOKS V ATTRACTIVE LY VALUED @28
Interesting. As a Norwegian, one aspect that was not covered here, is the benefit to the Canadian people of this?
Is it just some big companies, coming in, slurping up a lot of the gas in the ground, and then making money on the export?
Maybe some local jobs to help construct it, and maybe a few to keep it running. But that's it?
Because I doubt those companies will pay for the cleanup when done?
Politicians will tell us that this is huge for everybody living in Canada but it really isn't. These jobs do pay well, hell I've even considered going to kitimat to work. But for the majority of Canadians they won't see a difference until gas prices plummet again and we are in a big economic downturn.
The conservative politicians don't like to talk about the part where investing billions into fossil fuels and lack of diversification always has major economic repurcussions down the line.
Companies don't like to pay for cleaning up and here in Alberta the conservative government wants to make them even less responsible for polluting the land
as a Canadian idk how well tis is gonna be down the lane. its gonna be a pretty beneficial project until late 2030's early 2040's but after that will the demand of LNG still be high? I'm not sure however i am happy were building a few domestic exports for resources like this. usually we just send it through the US. no hate towards the US but i would be happier if we could export. I am optimistic about the project having minimal environmental effects as our government is usually extremely strict about this stuff.
Govt gets taxes and royalties. Besides general public can invest and become shareholders
@@mobo8933 - well the Norwegian mindset is that the gas found under ground would be the property of the people - not the companies extracting it.
So starting tax rate for exploitation is 100%.
Today I think oil and gas income in Norway is taxed at about 80% on the companies.
Wondered if Canada has a similar mindset, or if it is just going to be treated as any other business? And with some clever accounting, they'll pay minimal amount of tax, and then run of with the profit.
Gas isn't going out of fashion anytime soon.
@@nitinmittal213 - just normal taxes, like any business? Or additional - "we are extracting a limited resource out of the ground" taxes?
I'm working on this site as a scaffolder. I've been working in construction and maintenance of oil & gas sites since 2007. This is hands down the coolest project I've been on. Proud of Canadian Oil& Gas!!
still going
Finally 75% complete. Proud of you too Dan!
I feel incredibly fortunate to have been a part of this extraordinary project. Working on it was a truly enriching experience, and what made it even more impressive was the sheer scale of collaboration involving several prestigious companies
What were you doing on this job? Looks like a very interesting site
@@miked.1963So what if it goes into his bank account? Are u jealous?
Ya evwryone making money from something will say that...
Right next to this LNG site is a giant aluminum smelter built at about the same scale as this project. Kitimat is going to become a very busy industrial place in the next few years.
depending on now long it will take to get it all - thats a new city in the making, and possible a big one
LMAO bold of you to think Canadian totalitarian government won't stop it completely because of "environmental concerns"
Not if Justin Trudeau can help it.....
7,000 people live in Kitimat and they’ve had like 40-50billion in infrastructure invested into the city. It’s absolutely madness there. Cant keep normal stores open past 6 as everyone is employed working high paying jobs
@@bobsch-gd6ze Cry more.
I live in Kitimat and work on the LNG Facility ,Have watched your show for years . Thanks for showing our project and the local Native community also has a LNG Facility starting next year and will be a floating Lng
Indigenous***
@remyphilly5168 ya they are not indigenous they are front Asia
any fires nearby at the moment?
@@brentgurski9021 No, they're indigenous by the commonly used global understanding of the term.
No one is "front" Asia. Everyone is from Africa.
@@WORLDBNBim from terrace which is 50k from kitimat. there are some small fires but no where near as many as in the northeast around fort st. john
I work for Mammoet (red cranes and the module transports) and was on the project for 8 months. Very cool to be a part of a project of this scale and incredible to witness 9,000Te drive past on trailers
I once spoke to an engineer who worked on the James Bay Project in Quebec. That was another amazing megaproject. He told me that they used helicopters to get around inside the massive chambers that they carved out to hold the water. Also when actually fully loaded with water the weight of it all cracked the earth.
I've watched quite a few Mammoet videos on UA-cam. Some of their projects are fantastic to watch.
As someone who lives in Terrace, located 45km north of Kitimat, you did a great job covering this project. A new issue that's arising is the need for more electricity to power the liquifiers instead of burning the natural gas for power. The provincial power company, BC Hydro is now planning on twinning a 1 GW power line by the end of this decade to meet the energy demands of these LNG facilities.
Yay!!! I'm in Edmonton, Canada. Been a huge The B1M fan for quite some time now. Love to see a Canadian video finally! 😍😍😍 Thank you.
Haha, we have covered Canada before, but you're welcome!! 🙌
Mind Begs the Question:
If an Economic Forum headed by
A Nazis family member
If Govts adapt Forums Policies
Govts - Democratic,Fascist?
my condolences for living in Edmonton 😔
@@Zm4rf I'm literally here on purpose. A place can only be what you make it. Every place has its problems. Try and look at the bright side.
@@Zm4rf You have no idea what you're talking smack about.
Whoa… they pressured the cylinder to raise the concrete roof? I’d love to know how that works
nah, it will take at least some high school level physics to explain
me too, and why it wouldn't be easier, cheaper and safer to just use a couple of cranes
the same physics behind farting basically
Air pressure supported the dome evenly across its surface area while raising it into position for welding. This method prevented the dome from bending, deforming, or fracturing while being lifted. Lifting by cranes would require the dome to be far more ridged, which would increase weight and cost.
@@lukefrahn8538
Easier? Not necessarily. the anchor points for the crane have to be strong enough to hold the whole lid.
Cheaper? Cranes aren't cheap... especially in the numbers and sizes you'd need.
Safer? How so? Using fans and pressure is a basic principle. It may SEEM safer as there is a visible structure in place, but once you think of air as a liquid, it's easier to see how an even upward pressure over a large area is probably the safest way to do this. It's basically a hydraulic pump. BC Place in Vancouver (along with other domes) used a pressurized system to keep the roof inflated for decades. As long as you can maintain pressure for 3 hours, what's the problem. This tank will be storing LNG which has been pressurized anyhow, so it's build to withstand it.
The prairie provinces, in partnership with the First Nations, are starting development of a major port, Port Nelson, on Hudson’s Bay specifically to export their oil and gas to the European market. Expect that project to drag out for a few years as well.
Man will be living on Mars before that project comes online.
@rogerbouchard7135 agreed, both will happen, in due time. 😊
@@rogerbouchard7135A comedian in every crowd. If there is a mars community, it’ll be tens, or hundreds, or maybe a few thousand people. Made up of scientists and technicians. If a comfortable space gets big enough, a few super rich people, will try it. Get bored of confinement, and come back.
We still have, billions of us here.
@@rogerbouchard7135it's online in 2 yrs it's under construction now clown.
@@moenaguib2947neither will happen in reality though lol
what? the dome was lifted up by nothing but pressurizing the storage tank? wow, that's a pretty bold move to actually pull off! sounds like someone made a joke and someone else didn't quite get it 😂
With only 1.3 psi of air pressure
@@matthewgagne3708 that's insane! I wouldn't have guessed so. but when you say, I believe you.
--
lemme try to crunch the numbers real quick. I've no clue about the outcome.
first of all, it's important to know that 1.3 psi means 1.3 above outside pressure.
then we've a, what did he say? fifty meters high and about 92 or something in diameter. only the second value matters. 46 (the radius) times pi is about 145 square meters. I asked Google how many square inches in a square meter and it says 1,550. since we've 100 × 100 = 10,000 square centimeters in a square meter, this sounds realistic enough to me.
1,550 × 145 = 224,750 square inches. times 1.3 equals 292,175 pounds pushing against the dome. or expressed in metric values, the dome weighs roughly 132 tons. this sounds very realistic, yes.
@@matthewgagne3708 Wow, they could have farted it up
@@Mythos131.. I ate a lot of broccoli and lentils that day
It was actually 0.32psi! Not 1.3 as previous comment, which makes it even more insane, I tried posting the sauce but YT just insta deletes it. (As usual)
Nice to see Canada on here. Great work as usual my friend. Your videos are on topics i have no knowledge on or would normally be interested in, but your videos are of such high quality and engaging that I get lured in. Thanks for for your effort and knowledge.
Mind Begs the Question:
If an Economic Forum headed by
A Nazis family member
If Govts adapt Forums Policies
Govts - Democratic,Fascist?
@@HeisenbergIsHereWTF??
so canadas natural resources are being sold by private companies for profit.. another brilliant move by canada
@@jeshkam you should report. it's written in a foreign language to bypass the filters. some people are just very desperate to get new subscribers, apparently.
My hometown! It’s been a roller coaster watching this project come about but it’s well on its way!
Fossil fuels are not “bad”. They provide us everything we use for our modern, comfortable lifestyles.
Agreed. Renewables have nowhere near the capacity potential to carry the world demand
Yes but your grandchildren wont have thay same luxury. It will run out in 50-80 years
@@James-st9uu plus the enormous damage caused to the natural environment and all of the other species of animals and plants that depend on those ecosystems that we destroy. the earth will be a burned out husk of its former glorious self by the time we humans are done with this planet.
@@James-st9uu absolute bullshit. This has been a thing for decades. Go look at the history. Quit believing the propaganda.
They're already destroyed environment.
Canada is already in the top 5 or 10 in everything from electricity generation to oil exports.
It already is an ‘energy superpower’, and has been for years….
They used fans to raise the roof?! Theres something funny to be said about that.
"Our fans always raise the roof" - that's rubbish, just spitballing here
Man, that Music must have been FIRE 🔥🎸
Very interesting videos! I slept 2.5 hours last night, and I’ve been up for 20 hours. I just discovered this channel and I gotta say i love it! I’ve watched 1 other video 30 mins long, currently I’m watching this and I know what I’m watching next 😅
Amazing work!👏 liked and subscribed ❤
The project originally included a natural gas liquifying plant in Saguenay, but there was much protest because they wanted to build it right on top of a protected natural park.
Nothing but a political blockade. Environmentalists have held this country by the throat for too long. Canada is uniquely positioned to be the leader in responsible resource extraction.
It just had to be the park eh? Strange decision with plenty of alternatives
@@Viennery How is Saguenay related to a project clear across the COUNTRY?
@@user-zf3xb3qx8w you replied to the wrong person
I was fishing the Saguenay and texting at the same time.
5:54
"they're still building coal plants. They don't necessarily use it for electricity, it's often used for domestic consumption or powering industry "
Amazing nonsensical analyses
I thought that part was weird too. I think he means that the coal is not being used to generate electricity for the grid, but in a private off-grid system, but I don't know
What, you don't throw coal in your fireplace? I sure do. Nothing like the smell of coal in the morning.
This video wasn’t up to standard.
@@jeffmorris5802 Yes, I presume just before you leave the house to start your shift in the coal fired, steam powered textile mill.
"Plants" wasn't the best word. Perhaps he should have said "China is still mining more coal. ..." China still uses coal in homes for heating and cooking (and all those little stoves are incredibly inefficient). Coal is also used at factories for heating various industrial processes (cement production requires _lots_ of heat) and a lot is used directly in the production of steel.
Considering it's in BC, there were too many shots of Toronto and not enough of Vancouver! :) It would be like talking about a bridge going up in Washington State and showing pictures of Boston
I'm in BC since 1978. Unfortunately, the DECISIONS are made in Toronto, and Montreal lawyers, and New York money.
As a young man, I worked building multiple modules for the North Slope of Alaska. The modules were built in Tacoma, Washington by Wright-Schugart-Harbor Inc. I believe other parts were built in Anacortes, Washington and Astoria, Oregon. The modules were loaded onto barges and towed to Pruhdoe Bay during the summer months and installed. It was a fascinating experience and interesting project to take part in.
I worked on some about 15 years ago in South LA that were going up that way. Exciting project to work on.
What years were you there?
@@jimgrady8004 I never went to Alaska. But as far as the project I was working on it was between late 2008 and early 2010 building the modules in Houma, LA.
I like how we got our modules made in china probably saved them a lot of money and carbon tax
I've been to Kitimat, it got it's start as a company town for Alcan (Aluminum). It's roughly a 17 hour drive from Vancouver.
My biggest fantasy is having Fred reading bedtime stories to me as I gently fall asleep🤩
Hahaha, we can make that happen
As always, great Video. Keep up the great work guys!
Thank you so much!!
Yes, and keep the videos on Canada coming too! 👍
By the time it comes on line the LNG tankers may be able to take the arctic route to Europe.
There is far more ice in the arctic than you think.
Not likely. But believe the propaganda if you wish.
Yeah, that's pretty likely
If Canada wasn't so hopelessly fractured a pipeline going East would make a lot of sense...
@@minavanderleest9493if you look at satellite footage it’s clear that every year there is less and less ice. Or are you a flat earther and don’t believe space exists?
I don't think there is anything more infomative than this channel.. absolutely love it ❗❗
Cheers to you 🤟🎶
Worked as a rigger on two of these in the Aussie outback. Barrow island off the WA coast and Ichthys in the NT. Big jobs! Watching a gas train module cross the desert on SPMT’s is an impressive site and watching the absorber tower get installed was jaw dropping lol. What really irritates me bout it all is that Australia is one of the largest exporters of LNG in the world yet barely have enough for domestic supply!
Yes, that is so weird, and there was that super weird moment recently where CSM exports out of Brisbane caused a short term gas shortage for power generation. A collective WTF moment.
Were surrounded by morons. At 7.00 minutes he says that a problem with this project is that by the time it's operational other countries will have cleaner alternatives. Nonsense. Natural Gas is the cleanest there is. Photovoltaic and wind turbines never generate enough energy in their lifetime to compensate for the energy it took to make them. It seems counter intuitive but it's true. It has to do with energy density. Without hydrocarbons we'll be living in caves again. No food. No building materials. Unless you consider rocks as building materials.
(I haven't watched it yet, but) I thought the main benefit of LNG was how easy it is to transport a specific amount of 'energy'. I'd imagine Australia exports so much because they rely on domestic coal which already has infrastructure built.
@@sirsluginston coal’s actually exported a lot too. Our coal fuelled power stations are getting seriously ancient now. Lot of wind and solar being built in Oz now not due to political will (which has been remarkably absent tbh) but by market forces. Interesting times here…
@@planetdisco4821 Ahh interesting, I'm US so not very kept up with that slice of the world but knew coal was a major player already. Personally, I think the switch to wind/solar being done by market forces is better than politically pushed - at least it seems you are all in agreement for cheaper energy and its time for the market and people to figure out what that is long term!
Im curious who designs these plants, its ridiculous how many parts have to be in the perfect place
I design these plants! Never worked on one this scale but it works the same. Very complicated jobs but the bug job gets split down into smaller and smaller parts where the designers job is no different to a job on a very small project
@@John...44... interesting! Thank you for your input!
It's like if a motherboard was being built by bugs slightly smaller than a gnat
All done by something called a 'Gannt' chart. Simples!! Just Google it.
Agreed! To have all these parts having “to fit in the perfect place”, is ridiculous.
To create such a complex INTELLIGENT DESIGN definately takes high-level engineering.
To contrast this with how intricate & vastly complex our Earth, Humankind, an Ecosystems are would humble any Engineer or Creator. Makes you wanna be a responsible steward to protect and conserve the beauty of nature in Canada.
First Nations peoples if Canada are wise to believe in a spiritual Creator that made everything, and we should respect that with good stewardship of the land, resources, forest and animal life. 🙏
I highly doubt there wont be demand. The world is simply not going green fast enough.
Yes, and LNG will likely be the last of the fossil fuels phased out. I would be shocked if demand for LNG decreases any time in the next 50 years. Politicians are all good with words and agendas, but you can't run industry on solar panels.
@@petrhermanadventures9509- My personal opinion is that fossil fuels will never be effectively phased out. There are tens of thousands of products, processes, and alike that rely on fossil fuel production. It's ridiculous to believe that we are even able to phase it out. I'm ok with that though. I understand the 'idealist' in people, but we have to consider our energy needs. There is 'some' sacrafice required to sustain the lives we live, and that comes at a cost to our planet.
@@petrhermanadventures9509the CER has gas declining quicker than oil in both scenarios.
@@petrhermanadventures9509 EU is aggressively phasing out LNG right now. Much of the united states is also trying to phase out LNG. Many developing nations are skipping LNG entirely and going straight to renewables. I don't think LNG has the legs that many people seem to think it does. The currently climate crisis is waking a lot of nations up to the short sighted stupidity of LNG/Oil. It's worth investing now into renewable vs building out LNG/Oil anymore.
Oh my! I am visiting my dad who works for shell alongside LNG for work here in KITIMAT and I just happened to see you just posted. Oh my god the odds. My heart stopped when I realized it was about my dads site lol
Your content is on the highest standards! Thanks for inspiring artists. ;)
The project joint venture participants are Shell (British), PETRONAS (Malaysian), Petrochina, Mitsubishi (Japan), and Korea Gas Corp.
Chevron and Woodside were involved but bailed a few years back. Too much risk and cost.
There were two LNG terminals in Kitimat. This project (LNG Canada) was the one that didn't get cancelled.
Fun fact: NLG Canada was originally envisioned to include a pipeline going to Peace River, Alberta, but that would it require Federal approval since it crosses a provincial border. Our federal government declined approval on enviromental concerns about downstream emissions effecting our ability to meet our climate pledges so the project was built with a pipeline that goes right up to the Alberta border, stopping just short of crossing it.
What DATE and what Federal government made that decision???
Great video. I luv this channel.
Between the thumbnail and western Canada, I thought you were gonna discuss DOW's attempt to build the world's first net-zero petrochemical plant in Alberta, some real interesting stuff there, great content as always!
I thought he was going to talk about Bruce Power
Dow is probably coming to this at some point, as well as the hydrogen plant. I will probably work at both. Currently I'm trying to get onto commissioning crew at the LNG plant and for instrumentation they are apparently struggling to find manpower so I might have a hand in getting this plant up and running, and maybe then move onto the Dow plant.
Very enjoyable as always 👍
As someone who works alone these videos keep me company during lunch.
Good job, B1M. We will soon hit 3M subscribers.💃💃💃💃💃💃
It’s crazy how I’ve just seen this because my brother started working here around a week ago. He does NDT for a firm in Edmonton.
I've been here since May 2022, my crewmembers are actually in the video and I recognize faces
As a B1M fan and someone who grew up near Dawson Creek, I've never been happier to hear someone talk about the North Peace even if it involves fossil fuels.
Fuck big oil and gas.
Amazing, I think y'all should make a video on the Largest single train refinery in world and Africa's latgest refinery currently under construction in Nigeria
As a Canadian i was hoping youd cover this at some point.
Would you please do a video on The Centre Block Rehabilitation Project on Parliament Hill in Ottawa, Canada? That would be FANTASTIC!
Ironically, this is being built in a province whose electricity production is 95 percent renewable. Hydro is at about 87 percent, with biomass and geothermal at five percent. The wind and solar crap are less than 3 percent.
The people who insist that intermittent and therefore less efficient sources like wind be a big part of electricity generation are actually the best friends of the natural gas industry because intermittent energy sources need to be paired with fast responding backup generating capacity like hydro or natural gas
And the fact that you need 100% of the power requirement as backup if you have 100% solar and wind, shows how stupid those power sources really are.
It's only intermittent until you have sufficient energy storage. The combination of renewable energy, nuclear, and energy storage eliminates the need for fossil fuels in grid energy production. The biggest hurdle isn't technical, it's financial. Governments struggle to get projects approved due to fossil fuel lobbying and misinformation campaigns, and private capital is prefers the proven profit margins of fossil fuels over renewables and nuclear.
@@Briggsian The government has the money, but they piss away billions on stupid projects like this that won't be competitive. Anyone who thinks the supply contracts won't be cancelled has rocks in their heads. Canadian Pension plan will be on the hook for this enormous stranded asset.
@@willnash5352 this is mostly private investment. The federal government is, unfortunately, providing $275 million to the project, but that's only 0.69% of the proposed cost.
Great video. Think of all the renewable projects and research that could have been done for C$40B. Such a shame...
Would've gone a long way to decarbonize Alberta's energy grid, and could've completely removed carbon from the grid in other provinces. Hell, that kind of money could build a few nuclear power plants!
Yea this was a rather disappointing video.. subject etc..
wow this is so cool that we got some coverage! This is Kitimat BC, my hometown, didn't expect to see us posted on this channel hahaha
u live in terrace dont you
'Where's all that gas going to go?'
The atmosphere, my boy. The atmosphere.
Isn't methane like 10x more polluting than CO2 and it's a byproduct of NG?
Yes and No, methane IS natural gas (CH4). It is more harmful than CO2, but its combustion produces CO2
NG is mostly methane. They also always conveniently leave out the amount of gas that simply escapes before it can be used which is a considerable amount; gas has to have less than 3% leakage to be 'better' environmentally than a new coal plant. Burning natural gas also creates nitrous oxides which themselves are incredibly harmful to the environment. Unfortunately marketing campaigns (propaganda) from gas companies and political lobbyists seem to have wrongfully convinced people that gas is 'better' than coal despite them both being pretty much as damaging.
Well natural gas is (almost completely) methane. But yes, if natural gas leaks it's massively climate driving.
And more like 80 times the gwp of co2
Only if it leaks out instead of getting burned. Whether or not natural gas is as bad as coal on a grams of CO2 equivalent per electrical kWh depends on how much methane leaked out along the way.
Canada should take advantage of its large uranium deposits. Nuclear power stations are becoming more popular.
We already have enough uranium mined sitting on the shelf.
They are too stupid to go nuclear, they’d rather have plug ins and bikes 😂
Pleasantly surprised to see this very important and local project discussed on a B1M video, one of my favorite channels on UA-cam!
I worked on this project, and it's rather sizeable. Work is still ongoing commissioning to start next year.
I live in British Columbia and the pros/cons with this project are a lot more than a 9 minute video can explain. The discussions have been going on for decades about the project with many different parties involved. One of the issues with it is, it won't really directly impact Canada or its citizens that much financially. The project is mainly backed by large oil and gas companies. Sure, there will be tax revenues but it isn't that much in the grand scheme of things.
As a Canadian I’m not necessarily for or against these types of projects but as much as trickle down economics is kind of a meme, it’s benefits still do exist. You cannot have a 40 billion CAD mega project without there being benefits to the economy. Thousands of Canadians have been working on this project for years. The majority of these jobs are very well paid. As much as Canada is incredibly inefficient building these kinds of infrastructure projects, usually at the end of the day the facilities end up being world class in terms of efficiency, environmental impact and very high levels of safety. If there is demand for any sort of product in the world Canadians should be working hard to meet those needs in the most environmentally and socially sustainable manner possible. People whinge and moan any time anybody try’s to build anything and Canada, this attitude needs to stop if we hope to remain near the top of the human development index our place on which has slowly been declining.
With all the tax and royalty concessions there won't be much flowing into government coffers. Once it collapses in a few years the Canadian Pension fund will be on the hook for the stranded assets, overall a boondoggle if ever I've seen one.
There will always be a big market for gas in the 21st Century. The world is still growing, especially in Asia, and theres still more room to grow.
@@DMSparkythis will do nothing to help Canadians.
@@willnash5352it's going to be so bad, and destructive. Canada literally can't see the hellscape it's going to be in a few years. Lol good luck.
When you can purchase Activision for 69 Billion this seems like nickel money lol
Yup, and it's easier for people into ethical investing to put money behind fossil fuels than Activision Blizzard King.
Balanced and fair evaluation. Loved it ❤
Would be nice to see a profile on some of the world leading mines in Canada here next.
Agreed, Canada has a very impressive economy and that’s one of the most unrated elements of it.
Our economy is not impressive. If we have this lack of health care and mental healthcare and an opioid epidemic and housing crisis, it's economy isn't good. Poverty and a weak dollar.
As a specialist in whatever I do I make about 25% more as a digital nomad. My output improves the economy that pays me more. Usually Canada pays 33% less but my line it's only 25% less. Sill shitty lol. Keep thinking that economy's ok though.
The one thing you missed here is CGL ties into the rest of its operators natural gas system in AB. Supply will be less than an issue. Although many western countries are looking to get off of natural gas, it offers an extremely cost effective gap for developing nations to bridge the gap between dirtier fossil fuels. No doubt renewables are the gold standard, but if a receipt country can get a nat gas plant up and running in less than 2 years that's a lot more effective than saying "build turbines" in terms of reducing emissions fast.
I haven’t looked at the numbers behind this claim but I’ve heard that, in theory, it is possible for Canada to “offset” its own CO2 emissions through exporting significantly more LNG to replace coal power generation.
@@wmmw7369 gold standard doesn't mean perfect, if you did any real research you would see that despite all the mining and industrial processes (which exist in extracting gas before even burning it) renewables are still much cleaner and cheaper over their lifetime than any alternative
@@dougpatterson7494this is what the gas industry wants us to believe. Methane emissions are drastically underreported by the industry, and they are a more powerful GHG than CO2.
@@givanildosouza6904exactly, it's far far cheaper per gwh to install solar and wind then build natgas plants.
This pipeline will never make a profit.
@@jasonwilliams8016 Except wind and soar need base load power generation. This needs to come in the form of either nuclear, hydro or natural gas.
LMAO when Canada has to bring in massive modules from China because we don't have the ability to make anything
This isn’t the case at all. We have the skilled trades here to build these vessels and modules. I live and work in Alberta. The best skilled trades in the world are from our country. We built and maintain our oil sands for eg.
Regarding new construction projects, unfortunately it’s now more cost effective to have entire mods/vessels built elsewhere. Money matters
Even with the environmental & financial debate looming over the project, that roof raising technique was very cool!
There will definitely still be market for gas. Many transportation industries are just starting to incorporate it on scale.
Many more places are skipping right past gas to renewable wind/solar. Interestingly the Canadian Energy Regulator sees natural gas declining quicker then crude oil under both hopeful scenarios
Lots of places are making LNG more expensive so that it wont be used. LNG is more enviro friendly than oil but it's still really terrible for the environment and human life. With the current climate crisis we're seeing all over the world it's becoming much more of an urgent matter to get off all petro chemicals as fast as possible. The EU is trying to phase out Oil/LNG by 2050 which is going to really hurt LNG's profitability.
@@CRneu heck even China is building wind and solar at an incredible pace.
I really hope that you guys will cover any kind of construction that is supposed to happen on the moon in about a decade.
That might be out of their purview. That’s a whole different ballgame. But that’d be awesome 👍🏼
You should do a video about Toronto’s Portlands, it’s not everyday a river is rerouted
Beaver's might disagree.
I worked there for 18 months! Good project
OH, it's my work. Been working on it since May 2022. My crew at 5:18 doing our end of day debrief and sign out.
So does the arrow pointing back to Canada mean they chose the Australian process which was “sell all your gas to Japan and then buy it back at double the price because domestic demand outstrips supply”?
Gotta get that red bean gas 😋
Probably. Democrats like to do stuff like that. When California makes too much solar power, they PAY other states to take their excess capacity instead of just turning the panels off! They also tore down a recently built nuclear power plant that still had decades of life left in it!
absofuckingloutly.......(a word describing the phenomenon you addressed ) i said the same thing in a comment before reading yours
There was a proposal to convert the three huge LNG tank import terminal outside Saint John, New Brunswick Canada to an export terminal for European consumption. This proposal was recently canceled on the grounds it made no economic sense to ship it. I bet they would never agree to spend 40bn dollars if this presentations project were proposed today.
There actually is a case for it, and Germany made it. Trudeau said no, and Germany went to the Middle East and signed a multi billion, multi year deal. It is the Liberal party that says there is no ‘case’.
EU is phasing out LNG over the next 20 years so it doesn't make much sense to export it to europe.
I hope that we are looking into creating LNG refueling plants as quite a few ships are transferring over to running on LNG
Fortis already has infrastructure in Vancouver, I'm sure they will expand north too.
Very ambitious
Not to nitpick but gas prices have completely collapsed and are nowhere near their highs. European prices as seen in TTF Futures are literally down 91% from their peak a year ago at 26EUR (vs 300EUR), and the US marker (Henry Hub) is at $2.5 vs a peak of $10 last year.
Of course you can never ramp these projects in time but this has everything to do with energy security and nothing to do with prices
Very interesting, I worked on the design budgeting for this project about ten years ago.
We where also trying to build them on the east coast,I was the first to propose one for Labrador as part of the development of the Goose Bay Gas Field 15 years ago or more Danny Williams agreed to it and the infrastructure needed aswell as 650 mw electricity and a further 650 from the new dam that I also pitched at the same time.
The dam got built but Harper obstructed all the rest including 2 smelters and the gas field.
I’m literally working on natural gas wells in the Montney basin right now as I watch this. Neat
“Demand for gas would be lower by then” i remember hearing that back in 2010
Electric vehicle sales are growing massively. Heat pumps are now the new predominant way to heat/cool homes. 2010 is a long time ago.
@@smartelectriccar LOL
Someone is expected to eat a lot of beans for supper.
I live in Canada and did not know about this project.
0:20 - Gas prices in Europe are at about 2019 prices, so no, not at sky high prices. It just the energy suppliers keeping prices high for consumers, you know.. all that lovely money for them.
My energy provider actually informed me today that they cut prizes to half again starting in August. So I guess even they cannot keep it up much longer.
Appreciate the video and spotlight on this mega project here in BC 🇨🇦.
Perhaps a brief history on the fact this project is two decades in the making.
Also that a First Nation’s (Haisla Nation) project Cedar LNG the first Indigenous majority-owned liquefied natural gas export facility in Canada will also be built nearby.
Considering these mega projects are in BC, showing the Toronto skyline (which is 3,700km away) several times is a bit odd.
As a BC local who originally supported this project, it missed the boat by more than a decade
proud to work on that project ✔
I really enjoy these videos but they feel so short 😞
Can we get a longer version too.
It's about time, if the tankers ran on LNG we would really be making a difference towards curbing global emissions...
Better yet they run on hydrogen, wind or solar
why so they can drag their feet on upgrading to something more environmentally friendly? the world's fleets need to become green NOW, not limp along from one polluting energy source to the next. LNG isn't that much better for the environment so that argument is nonsense. We needed to curb emissions 20 years ago to really have a chance, doing this lackluster LNG transition now won't make any difference.
4:55 we have like 100 of those towers in Greensboro NC. Its also LNG I believe.
Amazing!
It's not really too late, would've been great if it was built 10 years ago but the business case is still strong. Global gas and LNG demand is projected to grow until 2050. "LNG demand growth will slow markedly but will still grow by 0.5 percent from 2035 to 2050, with more than 200 million metric tons of new capacity required by 2050. McKinsey's accelerated transition scenario shows resilient gas and LNG demand."
yep, power demand is still continuing to grow. Renewables alone can't keep up.
@@poochyenarulez which is really bad for us because we're shooting our climate in the head while ignoring the solution, which is to invest more heavily in renewables.
@@CRneu renewables are still be upfront costs, that poorer countries can't really afford. Rich countries have lowered their carbon emissions, but poor countries have increased it.
Finally, you are talking about Canada for once.
great cadence while speaking, totally adds value to your presentation
AI wrote and read the script
@@soliloquy9702 how will we know from here on which is and which is not; this could be catastrophic for trust generally, yes?
@@flowzone1128 i've unsubscribed from the channel. this script is structured like the rough draft of a high school freshman. if you're actually interested, then read a wiki page. if you actually care, then read the wiki citations. if you want to actually learn something for real, then read source material.
I did not work on this project but I work on the engineering side of a company that does LNG projects, mostly in BC.
It is about time .A Country like Canada should achieve THE total Energy Independence ! Many abandoned projects should be revitalized and completed ! Natural gas reservoirs should get to consumers .This means money , more people to arrive to Canada , more work force and standard of living increase ! Protect the forests and go for natural gas , hydro and nuclear !
The problems you list were cussed by the governments that are, or get into, power. What makes you think they're going to fix the problems they caused? This has to be troll bait.
Natural gas is fossil fuel genius
@@prodigalfraudaddy tells you all you need to know about people who say they know how this stuff works. haha
Love how the guy thinks montney basin is in BC…. That’s literally Alberta
This is what happens when you use old AI to write and read scripts.
It’s in both.
Talks about the LNG storage tank but first shows the condensate tank at the condensate rail(where byproducts will be loaded onto trains and sold to chemical plants)
Kitimat was historically the largest aluminium producers in the world, this production was important for the community
fossil is still thriving apparently, we're doomed.
Canada to the Developing nations: Dont dig for fossil fuels produce Greenhouse gases.
Canada: I will do it coz im a rich developed nation and need all the Oil money to live a good life.
Exactly. And we'll have it all made in China so they sit with the emission issues.
Trudeau will outlaw all gas usage on vehicles, farming equipment, even gas stoves in homes for their own people, this is just for their hypocritical government to enjoy for themselves
The people of Canada aren't doing well and they certainly aren't rich lol. Your post is extremely out of touch
@@dennisbruton3559That's obviously a bunch of BS lol
@@chronometer9931 GDP per Capita of Canada is $52,000 USD which is categorised as First world Rich Developed Nation and High income mixed Economy, you are either an illeterate or naive douchebag who have no idea about ground reality of the World. Keep your double standard to yourself.
I think they should have mentioned is the LNG is significantly less clean than regular natural gas. The need to liquify the gas and ship it makes it much less efficient.
Currently, because of all of the blocked pipelines, canada ships all of it's oil by rail. Environmentalists chose the less environmentally friendly route when they blocked all of the pipelines. It's a moot point now. Why would it be any different for LNG? This was an issue that prople who actually care about responsible resource development raised years ago but no one wanted to listen. I doubt anyone will listen now when it comes to LNG.
@@mikeh6109 Pipelines being blocked has nothing to do with this issue. Pipelines are being used in this case to ship the gas to the coast. But you can't use pipelines to cross oceans. So you have to consider the costs of liquefying the gas and shipping it using tankers.
I see my condo in one of the Toronto shots. "Hi mom!"
Natural gas will likely be the most important fuel of the 21st century. It will be at least late 21st century before we can reach peak electrification AND have the renewable supply, energy storage and transmission required to displace fossil fuels entirely. Until then, we need something that can displace coal ASAP and back up variable renewables easily, and like it or not, that fuel is Natural Gas.
And nuclear is a good option for base load if people would stop fearmongering about it
@@joshuacheung6518 Absolutely. The fear of Nuclear is almost completely irrational on every front. The impacts of waste storage is negligible compared to the impacts of mineral extraction, for both fossil fuels and renewables. The fear of accidents is ridiculous when you look at the actual numbers behind the accidents that have happened, like Fukushima. Hopefully SMR's will take off all over the world and put a meaningful dent in our energy needs.