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Canada's $30Bn Plan To Be The Next Energy Giant

#canada #lng #sustainableenergy #megaprojects #megabuild Canada's $30Bn Plan To Be The Next Energy Giant For decades, energy supply has been a major concern around the globe. Now, Canada is taking matters into their own hands by embarking on a mega project that will redefine the future of energy. But just how big is this project and what will it mean to the rest of the world? LNG Canada is a liquified natural gas export facility that is currently being built in Kitimat, British Columbia. This project is estimated to cost billions of Dollars. Specifically, just over $30 billion. It is estimated that the Kitimat terminal will cost a staggering $18 billion, while the pipelines will cost around $14.5 billion. But of course, a project of this size must have come as a result of urgency, which stems from the ever-increasing demand for cleaner energy sources. Countries like Japan and China come to mind when talking about cleaner energy, as both countries have begun to move away from the use of coal and other carbon-emitting elements. Once the LNG Canada project has been completed, it is expected to ship a minimum of 14 million tonnes of liquified natural gas on a yearly basis. These shipments will be made from two processing units called “trains”, and according to plans, two more trains will be built to increase the shipping capacity. Once the extra trains are in place and fully functional, LNG Canada’s shipping capacity will double to 28 million tonnes per year. As for where the LNG facility will get its supply of natural gas, it will come from the Northeastern B.C through the Coastal Gaslink pipeline, which is a 670 Kilometer pipeline that was built specifically to connect several gas fields to the terminal. With this connection in place, there is a guarantee of a steady flow of gas to Kitimat, where it will be cooled down to -162 degrees. Once the gas has been cooled, it will take a liquid form and will be transported by specialized LNG carriers to different locations. Now, the sheer magnitude of this project makes it difficult for a single entity to execute. For this reason, several parties have come together to make this dream a reality. The parties involved in this project include PetroChina, Shell Petroleum, The Mitsubishi Corporation, Petronas, and the Korea Gas Corporation. It is worth mentioning that of all the stakeholders involved in this project, Shell holds the largest stake, which is around 40%. The good news is, the project has been underway since 2018, and the first shipment of LNG is scheduled for sometime in the mid 2020s. That being said, you may be wondering why Kitimat was chosen as the location for this game-changing project? 00:00:00 Intro 00:00:20 LNG Canada Project 00:02:36 Kitimat 00:03:38 Construction Phases 00:05:10 Production Capacity and Technology 00:05:58 Environmental Impact and Sustainability Initiatives 00:07:20 Indigenous Partnerships and Community Engagement 00:08:35 Economic Impact and Global Importance 00:10:05 Challenges and Controversies Be Visionary and check out our merch store: https://visionary-builds.myspreadshop... Other Visionary Build Videos:    • Afghanistan’s MEGA Projects Redefinin...      • World’s Most Useless Mega Projects      • Afghanistan Is Building Asia's Larges...      • Exciting Progress on NEOM: The Line C...   Facebook: https://www.facebook.com/profile.php?...    • What is Dubai’s 2040 Plan: Mega Overh...   Thank you very much for watching. We hope that you enjoyed our visionary build. Please like and subscribe. Feel free to share other visionary build ideas for your entertainment in the comments. For business related matters relating to our channel (including media & advertising) please contact us via email located in our "About" tab Please note, the videos published on this channel fall under the remits of Fair Use. For the purpose of educating viewers on topics of construction, engineering and architecture, our team produces well-researched, authentic and unique content, aligning with YouTube policies and guidelines. Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. For any copyright related matters, please contact us trough our email on the about tab.