Friday, December 28, 2012
Alberta and BC plans to ship LNG are an expensive farce.
Five years ago, the Price of Natural gas was 15.00 per Gj. US Today it is 3 dollars and falling. There is no recovery in sight. For this reason ENMAX set about building an electrical generating facility in Calgary, gas operated.
During this 15 dollar a GJ time, there was a great deal of gas and even more markets! Yet, we were told that shipping LNG was not profitable.