Here are some of the most interesting quotes from oil and gas coverage in the Daily Oil Bulletin for the week ending April 6, 2018.
Deron Bilous, Alberta’s Minister of Economic Development and Trade, commenting on the province’s strained relationship with B.C. and its impact on Alberta natural gas development:
“Our government is supportive of LNG. There is a bit of a challenge as far as the conversations with the government of B.C. at the moment because of their position on Trans Mountain. Our hope is that those conversations will resume, and we recognize that a LNG facility in B.C. would benefit not only British Columbia, but also Alberta, ergo all of Canada.”
Chris Bloomer, CEO of the Canadian Energy Pipeline Association, offering his view on Bill C-69, Ottawa’s proposed new environmental assessment legislation for major oil and gas projects:
“We are concerned that all this bill has done is frustrate regulatory reform in Canada in order to advance this government’s climate change agenda and has baked too much broad policy subject matter into an otherwise very technical decision-making process.
“It is difficult to imagine that a new major pipeline could be built in Canada under the Impact Assessment Act, much less attract energy investment to Canada."
Edy Wong, associate dean (international) in the University of Alberta’s business school, commenting on his view that the Canadian oilpatch is losing out by not trading more with China:
“We can't sell to the Chinese, but the Russians built two pipelines in the last 10 years to sell to them.
“So the disadvantage is ... we're not even in the game. We're not even competing with them right now because we're not there.”
B.C. premier John Horgan, asserting that the National Energy Board and the federal government should be accountable for the escalating tensions around Kinder Morgan Canada's pipeline expansion project, calling the resistance an “extraordinary circumstance,” and a crisis:
“This is not a threat by me. This is self-evident by the number of people that are collecting on Burnaby Mountain every day to express their disappointment with the federal government's decision to proceed.
“There is a crisis emerging in B.C. It’s going to be a long summer, I suspect.”
Dulles Wang, research director for Americas gas research at Wood Mackenzie, speaking to a webinar about Canada’s LNG opportunity.
“The medium-term oversupply story in the LNG market may not last as long and the global market totally could see tightening and be looking for new supply as early as 2022.
“The challenge, though, is that there are just a lot of projects out there [globally] targeting the window of opportunity...So there’s a sense of urgency for the Canadian projects if they want to be into that timeframe.”