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Calgary & Alberta Economy

CalgaryTiger said:
This is the only thing to get minorly excited about. Outside of construction, once built, these employ very few people and suck up energy resources that could go to the grid. Let's see how we fare in this winter's coming deep freeze, population and thus load has been growing while I haven't seen much capacity added, can the grid handle it?
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It depends if the data centres have colocated or associated generation assets with them. This project has associated generation. Most of them do, it is way cheaper, no need to pay for transmission or distribution. Heck, this project even plans to opt out of the NGTL system for its natural gas supply, instead looking for a lateral from a maybe uprated Alliance Pipeline. Then attached to their straddle and fractionation plant.

"Earlier this year, Pembina and Kineticor formed a joint venture to develop the Greenlight Electricity Centre (GLEC), a 1,800-megawatt natural gas power station located in the Industrial Heartland. The companies plan to develop the facility in 450-megawatt increments"

Using more gas in Alberta and especially extracting petrochemical feedstock is a net win. Indicating they are expanding capacity not using existing capacity for natural gas transmission is a net win.

All the elements of this project are win win win.
 
darwink said:
All the elements of this project are win win win.
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For who? Meta, Pembina and Kineticor? I'm happy for them and whoever sells them the natural gas. I'm not excited but I do get why some are.

Also, fair point to those that pointed out there have been some new electricity generation projects come online. My fear of grid fragility was a bit overstated.
 
CalgaryTiger said:
For who? Meta, Pembina and Kineticor? I'm happy for them and whoever sells them the natural gas. I'm not excited but I do get why some are.

Also, fair point to those that pointed out there have been some new electricity generation projects come online. My fear of grid fragility was a bit overstated.
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Economic activity is economic activity. Natural gas consumption is natural gas consumption.

This facility upgrades dry natural gas into AI services that are exported. Other facilities upgrade dry natural gas into nitrogen fertilizer that is exported.

I see no material difference to Alberta between the two other than aesthetic sentiment.
 
Chowda7 said:
ca.news.yahoo.com

Carney raised Keystone XL pipeline revival in meeting with Trump

Relief for Canada from U.S. tariffs on steel and aluminum may come thanks to renewed interest in a pipeline project first proposed more than 15 years ago.Prime Minister Mark Carney raised the Keystone XL oil pipeline, which would run from northern Alberta to the U.S. Midwest, during his...
ca.news.yahoo.com ca.news.yahoo.com
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The context I've heard about is the americans want certainty on regulatory matters around minerals and mining, so it comes up as a counter point. The americans want an american process for american owned mines in Canada, and canada points out if the reciprocal was true, Keystone XL would have been finished a decade ago.
 
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darwink said:
The context I've heard about is the americans want certainty on regulatory matters around minerals and mining, so it comes up as a counter point. The americans want an american process for american owned mines in Canada, and canada points out if the reciprocal was true, Keystone XL would have been finished a decade ago.
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Sounds like room to compromise
 
Even if Keystone was an actual proposal on the table, what are the chances it would actually happen? Obama and Biden both cancelled it already, and I have no reason to believe the Democrat that follows Trump as president wont do the same. Can't go from idea to functioning pipeline in 3 years, especially if there is nobody actually behind the project.
 
How much has been built on the Canada side already? Is the stuff that is in the ground still good? Just waiting to be connected to?

Edit to add one more question: Would the Province still retain an equity stake in the project if it is rekindled?
 
MichaelS said:
How much has been built on the Canada side already? Is the stuff that is in the ground still good? Just waiting to be connected to?

Edit to add one more question: Would the Province still retain an equity stake in the project if it is rekindled?
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Built and abandoned. Pretty unclear what would be salvaged. They’d have to do a detailed survey, after it has sat in the ground presumably unpressurized and without active corrosion protection.

If somehow this came back, it would likely require special executive orders on both sides to turn back the clock.

The hard part is forcing the oil companies back into their take or pay contracts. As we know, there isn’t the oil to fill it. Enbridge ate TC/South Bow’s lunch with the line 3 replacement/expansion.
 
Saw this article primarily on BC gas but has implication for AB. There's estimates (incorrectly imo) of oil peaking, but demand for gas is ever increasing, especially to growing Asian markets. All our focus seems to be on oil, but losing gas production to BC would also be a significant economic hit.


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^BC does not want nor need Alberta gas for LNG. The benefit is less competition for capacity down alliance and the mainline, and head office jobs/profit attribution.
 
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