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$40 Billion Enormous Natural Gas Project In Canada... 10% World Supply

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Economy

https://www.bnnbloomberg.ca/canada-s-40b-lng-hopes-rise-as-shell-ramps-up-in-kitimat-b-c-1.1104790

 

Shell is now likely to go ahead with the gigantic $40 Billion Natural Gas terminal in BC that will carry about 28 Million tones for Liquified Natural Gas or about 10% of world supply per annum

 

The terminal and pipeline network would aleviate the landlocked situation in Canada. As vast as the resources are, the infrastructure to carry it all out and start new projects quickly simply aren't there

 

This also reinforces the trend that energy companies are investing more long term in Natural Gas and less on Coal and Oil as green initiatives and peak Oil demand with rising natural gas consumption make natural gas a safer bet

 

Edited by Economy
jesse_batista
  • YAAAS 1

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