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TFC Commodity Trading Forum

Re: 16 Year Nat Gas Chart/Ceejay

B.C. is building a huge LNG plant on our West Coast and will have NG piped to it. They will then have tankers pick it up from the buyers. Don't know how successful transporting LNG by rail or truck is. Sounds questionable. And the Northern Gateway pipeline from just north of Edmonton Alberta to Kitimat B.C. is being reviewed and discussed with many groups. The Canadian Federal Government is for it of course. If it is approved much of the Crude from the Oil sands that would have automatically gone to the U.S. over time will go to the Chinese which would pick it up in their tankers on the Canadian West Coast. I'd rather see the U.S. get the oil myself but between that project and the Keystone pipeline project that would take Crude through the U.S. both are going to be a environmental nightmare to ever get approval. With the Keystone project south any spills would be in the U.S. not in Canada like the Northern Gateway project would. Perhaps they'll try to get both done. I wouldn't bet money on either at this point.