Natural Resources committee  Well, I think that companies like RWE, as I mentioned earlier, is now trying to find way to bring gas into Ukraine through the Black Sea. We simply don't have any of those kinds of resources at our disposal. Obviously, crude oil is a much more fungible commodity that can be moved

Natural Resources committee  I would say we are not close at all. If one of the west coast terminals, say, were to begin construction in 2014, the end of 2019 would probably be the earliest. Our terminal is coming on in 2020. We have to remember that Canada has depended on the United States for our exports s

Natural Resources committee  I'll go first.

Natural Resources committee  All right. Well, certainly I saw that with the U.S. side. It's an important part of my business to understand what's going to affect us. I think within the United States there are two issues. Where the gas is and how it can get out of a country are two things. There might be a

Natural Resources committee  I never selected the people who went. I think there was a variety. There were only 25 or so people, and they were from manufacturers in the auto industry and aeronautics—quite a broad range of individuals. I think I might have been the only energy person who was there, to be hone

Natural Resources committee  That's three and a half years of construction. It's already been two and some years on the development side. It's like five to seven years in total that you need.

Natural Resources committee  I suppose. In our scenario, the demand is going to be met by an increase in the supply at the same time. It's not taking the same molecules that are coming from one source and going to another. It's both a demand and supply increase.

Natural Resources committee  That's correct.

Natural Resources committee  I think that would be the case of Ukraine, but it's not the case for us or it's not the case of the European Union. In all those cases, energy is priced at the margin. Certainly that is the problem that Ukraine has today, in that Russia uses economic power through the pricing of

Natural Resources committee  Under our current plan, we certainly will have the two trains, or it's 10 metric tonnes, equivalent to about 1.5 bcf of gas a day. The first train is very much focused on Canadian offshore gas, taking the reserves that today are uncompetitive and moving into the United States,

Natural Resources committee  First, starting with pricing, certainly North America is not a cheap place to develop a resource. It takes a significant amount of capital to get to where we need to go. Certainly we've seen prices come down here very rapidly because of all of that development technology-wise. I'

Natural Resources committee  It feels like spring today, so that was okay. Good morning. My name is Alfred Sorensen. I'm the president of Pieridae Energy. We are currently developing a liquefied natural gas terminal on the east coast of Canada to export gas primarily to the European Union. About a year ag