Pipelines

[Kirkhill]

And further "decarbonization" of hydrocarbons

‘Landmark order’: Union Maritime adds large-scale wind propulsion to tanker newbuildings

Two more LR2 tanker newbuildings will be fitted with fuel-saving WindWings

www.tradewindsnews.com

 

[Kirkhill]

As Carney hunts for nation-building projects, don't expect the Mackenzie Valley pipeline to be revived: experts - iPolitics

While the territorial and federal governments haven't ruled out a new line in the Mackenzie River valley, Andrew Leach, an energy economist, said changes in the natural gas market give a new northern pipeline "zero chance" of being economically viable.

www.ipolitics.ca

Andrew Leach, an energy and environmental economist at the University of Alberta, said changes in the natural gas market give a new northern pipeline “zero chance” of being economically viable moving forward.

“It’s all gas markets,” he said in an interview. “If you go back to when the project was proposed, we were expecting to be an LNG (liquefied natural gas) importer. In 2006 or 2007, we had natural gas prices that were double digits, and people were expecting that we would be the highest-priced gas market in the world.”

“So, at that point, you’re hunting for anything that would allow for cheaper natural gas. I read that if you had $9 natural gas in Alberta, you could make that project work. Right now, we’re at $3 or $4 natural gas in Alberta, and at some points last year we had $2 gas, so I just don’t think it makes that list.”

The Mackenzie Valley pipeline was predicated on getting Beaufort Sea Gas to Alberta for furtherance to the US.

Worth Zero dollars in the Beaufort it could be sold for 9 to 10 dollars in the Alberta market.
Now the Alberta Market is only worth 2 to 4 dollars.

But

The price in Japan is 10 to 12 dollars.

Maybe the pipeline needs to built to move product from Alberta to Tuktoyaktuk instead of the other way round.

 

[Czech_pivo]

As Carney hunts for nation-building projects, don't expect the Mackenzie Valley pipeline to be revived: experts - iPolitics

While the territorial and federal governments haven't ruled out a new line in the Mackenzie River valley, Andrew Leach, an energy economist, said changes in the natural gas market give a new northern pipeline "zero chance" of being economically viable.

www.ipolitics.ca

The Mackenzie Valley pipeline was predicated on getting Beaufort Sea Gas to Alberta for furtherance to the US.

Worth Zero dollars in the Beaufort it could be sold for 9 to 10 dollars in the Alberta market.
Now the Alberta Market is only worth 2 to 4 dollars.

But

The price in Japan is 10 to 12 dollars.

Maybe the pipeline needs to built to move product from Alberta to Tuktoyaktuk instead of the other way round.

Price in Europe has been even higher.

And with the EU stating that they are committing themselves to be off Russian Nat Gas, that market is ours to lose.....

 

[Kirkhill]

Those two Algoma oil tankers cost Irvinegand Algoma jointly 127 MCAD for the pair. Built in S Korea by Hyundai and chartered to Irving.

Two new eco-friendly ice-class tankers ordered by Algoma

green-marine.org

Algoma takes delivery of 37,000DWT product tanker

Canadian shipping company Algoma Central Corporation has taken delivery of the first vessel in a new series of two product tankers.Algoma East Coast will servic

www.bairdmaritime.com

Algoma Central Corporation and Irving Oil Welcome New Tanker Vessels to Fuel Energy Deliveries

Detailed price information for Algoma Central (ALC-T) from The Globe and Mail including charting and trades.

www.theglobeandmail.com

LNG tankers, with all their pressure vessels, refrigeration systems and insulation are much more expensive.

Ice strengthening doesn't seem to add prohibitively to the cost of a vessel.