Quote:
Originally Posted by craneSpotter
Not to worry 
The serious LNG proposals are all consortiums of existing foreign energy companies... some with Canadian subsidiaries. They will (or have) incorporate new LNG companies to build and operate the plants, which for the most part will be HQ'd in Vancouver. Plus much of the engineering will be done in field offices in Vancouver and on site. Another good thing is that the financing for the plants is foreign, so LNG may bring much needed foreign investment into Canada's oil/gas industry, which has softened recently.
Almost all the jobs for construction and on-going operations/administration are BC based (although expect some fabrication to take place in Asia and it is unknown how many foreign workers will be involved). The provincial government will also get a boost in revenues from increased gas royalties
Of course Alberta will also benefit. Alberta is the centre of the nations energy industry. Engineering, designing/building/operating pipelines, drilling and servicing thousands of wells etc... Even Toronto will benefit through the financial aspects.
Most insiders are saying 3-4 plants are likely to be built. So the groups with existing experience and expertise with LNG infrastructure, shipping, relationships with large asian buyers and financing are most likely to proceed.
I'm just not sure about all that fracking...
Here is a snippet from the Pacific Northwest LNG (owned by Petronas 62%/Sinopec 15%/JAPEX 10%/Indian Oil 10%/PetroleumBRUNEI 3%) backgrounder: |
I guess Saskatchewan, Newfoundland, and Nova Scotia have headquarters already?
Quote:
Originally Posted by logan5
That would be a slap in the face to British Columbia. Extract natural gas in NE BC, run the gas through pipelines in BC, then ship it from the west coast of BC, while the high paying corporate jobs are in Calgary. I hope the provincial government will be putting pressure on Petronas and others to have a large corporate presence in Vancouver. We're giving them a nice tax break only to have them outsource jobs to Alberta?
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Slap in the face? How about reality. If you want to be stuck with a small number of employees, having to pay relocation to recruit every single one, isolated from their professional networks, paying them more to maintain the same quality of life in Vancouver as in their existing lives then sure.
The large corporate support system is needed on the extraction side, and those jobs are already in Calgary. The pipeline office jobs are already in Calgary (and for Enbridge, Edmonton).
Having an office in Vancouver is neither here nor there. The corporate taxes will be collected in BC no matter what.
Building an active cluster that generates substantial uplift in Vancouver isn't really in the cards. For the lower mainland, this is purely a rentier venture.