Quote:
Originally Posted by Azure
Isn't it happening all over the world? Pretty sure countries like Qatar are signing long-term contracts.
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If you were a global oil company that has the $ to invest into a LNG project, and were approach by both a Canadian entity and one from Qatar, who would you go with? The one that will take less money to make a better return? They won't pick Canada because we're nice people. Given our geographical and construction costs differences between the two countries, how can we compete for the interest of these companies? If you were looking to sign contracts for the supply of LNG, would you then pick Qatar who is doubling output and has investment, or would you take the risk on Canada?
Here's a quote from QatarEnergy.
"They need to demonstrate that they can give us a price that is
above the market price because they would be coming onto the best project that exists in the LNG business from a cost perspective and a return perspective," he said.