LNG moving ahead or not

[bob vernon]

This deserves to come back to the top.

Engineering and planning: done in Indonesia.

Buying the pipe: from steel plants in Indonesia.

Jobs: 62% Canadian. That includes the temporary jobs during construction. Many of the permanent jobs will be done by imported workers.

Royalties and taxes: cut again to the bone. And if there's a change in government anytime in the next 25 years, they can't change the rates, or increase taxes. This sounds a lot like the RCRail deal. The railway was leased out for 999 years, after which time it reverts back to the BC government. If the details are revealed before then, CNCP, or whatever they call themselves now, gets to keep the railway plus their lease payments are all refunded. Pretty much closes the door on anybody finding out who got how much. Just think, in 990-odd years all the payoffs will become public knowledge. I can't wait.

[maryjane48]

every other country that lets petronas operate , has signed agreements to employ local folks , but not christ , shes all to eager to give it away for a tip paid . the aussies must be laughing their heads off at our deal compared to the one they made

[Atomoa]

I just read a story that the producers wanted even more of a tax cut. Im mobile, but the story was run in the last week. Cutting the number in half wasn't good enough.

The producers are also worried about "labour shortages" here when unemployment here is still (always) in surplus. That means contracts allowing them to bring in their workers "should the need arise". Oh yes, just incase.

I've said all along that in the end we'll pay them to extract the LNG.

[GordonH]

http://www.castanet.net/news/BC/146662/ ... r-fracking

This could throw huge curve ball into the mix.

[maple leaf]

The latest on Lulu Island.

https://www.facebook.com/WestCoastNativ ... 648747580/