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For now, optimism is hard to find in Western Canada’s natural gas business

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Shell Canada made one of the biggest moves of 2018 in the natural gas industry by deciding to move ahead with a $40 billion liquefied natural gas export facility on B.C.’s coast.

Construction is underway, but patience is needed since it will take five years to construct. Until then, the industry seems stuck with low prices, a lack of spare export pipeline space, and stagnant demand.

Shell leads the consortium behind LNG Canada, the planned export facility in B.C. 

« The mood is definitely one of excitement [about LNG], » said Rej Tetreault, general manager of natural gas projects for Shell Canada. « It’s a bit muted because the current market is very low and that’s curtailing our own short term activities. »

Tetreault overseas the Groundbirch​ natural gas operation near Fort St. John, in northeast B.C. The company has 500 wells in the area that produce natural gas. Even though Shell is spending billions of dollars to construct the LNG terminal, in the interim, the company is limiting costs on producing natural gas.

Over the next two years, no new wells will be drilled. As a result, production will drop by about 15 per cent because of natural declines.

« We don’t plan on being active in the next couple of years because we don’t feel the need to be active, » said Tetreault.

The planned liquified natural gas export facility in B.C. by LNG Canada, one of the largest industrial projects ever undertaken in Canada, is a joint venture between Shell, PetroChina, KOGAS and Mitsubishi Corporation. (Photo courtesy of LNG Canada)

For much of the past year, prices in Alberta have been less than two dollars per million British Thermal Units. In 2014, prices were over five dollars.

« It’s still a big challenge out there [for natural gas producers], » said Martin King, a commodities analyst with GMP FirstEnergy. « I think they’re kind of hanging on with their fingernails. »

Similar to the oil industry, there is a backlog of natural gas in Western Canada because of export pipeline constraints. For those companies able to ship their gas to the U.S., they are receiving more than twice the price than in Alberta.

While the industry waits for the LNG plant to be built, King said companies have to « batten down the hatches. »

Natural gas prices have trended down since 2008.

Mainly through technological innovation, companies have been able to slash costs considerably in recent years. Shell, for instance, said it has cut expenses at its natural gas operations by 40 per cent over the last five years, while also reducing greenhouse gas emissions by 25 per cent since 2015.

Tourmaline Oil has frozen its natural gas production at 2017 levels and has tried to diversify its transportation options to sell into several different markets in North America. Still, a lack of pipelines is hurting both its oil and gas divisions.

« It’s the most challenging time that I’ve ever seen in the Canadian oil and gas sector by a long shot, » said Mike Rose, the company’s CEO. « I personally spend a lot of time with the staff trying to keep everybody happy. »



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Anglais

A stunning Water Lantern Festival is coming to Montreal

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What might just be the most magical night ever is coming up for Montreal this year.

The Water Lantern Festival has announced that it will be gracing Mississauga with thousands of floating lanterns later this year, as part of a celebration that spans the entire world.

According to the festival’s official website, the event is a celebration of life with proceeds going towards charities and non-profit organizations within the area.

“Water Lantern Festival brings together individuals from all ages, backgrounds, and walks of life to join in one emotional and memorable night. At the Water Lantern Festival, we cherish these moments and will do our best to help you have a memorable experience that you’ll never forget as you witness the beauty of thousands of lanterns reflecting upon the water,” the website states.

The festival takes place throughout multiple cities around the world, with the Canadian cities of Quebec, Regina, Vancouver, Hamilton, Calgary, Ottawa, Mississauga, and, of course, Montreal taking part.

For the Calgary event, a date has been confirmed and tickets are already rolling out. Montreal shan’t be far behind, and you can click the Notify Me tab on the event’s site to be kept in the loop.

Expect an evening filled with food trucks, music, lantern designing and finally, a magical launch of the lanterns into the water as the sun goes down.

For our pals over in Calgary, their event includes a floating lantern, a commemorative drawstring bag, a marker, and a wristband. Expect something similar, if not the same, when more details float through about Montreal’s event.

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Anglais

Euthanasia order on hold for Montreal dog that attacked children

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A pit bull dog that attacked four children and two adults in August 2018 in Montreal North will not be euthanized in the immediate future.

The euthanasia order has been temporarily suspended pending the appeal of a Quebec Superior Court decision.

On Tuesday, Judge Lukasz Granosik rejected a request to halt the euthanasia order issued by the Montreal North borough, which declared the animal a “dangerous dog.”

The City of Montreal has not changed its mind. This is only a delay before it proceeds with euthanizing the dog, a source told the Canadian Press.

Shotta, the one-year-old dog, was in the care of its owner’s acquaintance in August 2018. The dog attacked four children and two adults, causing serious injuries in separate incidents on the same day.

After the attacks, the dog was taken from the home and entrusted to the SPCA.

WATCH: Dog found dead in Angrignon Park

The Road to Home Rescue Support, an American shelter, asked the court if it could take in the dog. Christa Frineau, the dog’s owner, had also asked that Shotta not be euthanized.

Granosik refused to grant the request.

—With files from Global’s Kalina Laframboise

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Anglais

9 Things To Do In Montreal This Friday, Saturday & Sunday

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Today’s sunny skies have me itching to make weekend plans. I absolutely cannot wait to make the most of this warmer weather. This might be the time to inflate my bike tires and dust off my running shoes…

Whether you want to brush up on your cooking skills, let loose, or fill your stomach with amazing food, there’s an event out there for you. Read on for 9 fun things you can do with friends or a fling this weekend.

TL;DR Read on for 9 fun things you can do in Montreal this weekend.

Let Yourself Go At Dress Up

Where: 185 Avenue Van Horne, Montréal.

When: Friday, March 29, 9:00 p.m.

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