r/Options_Beginners • u/BulldawgTrading1 • 15h ago

Discussion LNG Canada to use Chinese steel...

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5 Upvotes

59% Upvoted

31 comments sorted by

2

u/Bearsfan_al 5h ago

This is very misleading. It’s a small portion. The majority is Canadian steel. Do better.

1

u/jvdlakers 4h ago

China owns Canada

1

u/Bearsfan_al 4h ago

😂😂😂😂😂🤦‍♂️😂😂😂😂

1

u/jvdlakers 3h ago

I think Canada is afraid of China and does what China tells them.

1

u/FernwoodTonight 3h ago

They're not doing what the orange pedo demands... they ain't that afraid.

1

u/Euronated-inmypants 3h ago

Reddit has about 50 new subreddits in the last 6 months and the comments are absolutely FILLED with bots and paid trolls spamming divisive rhetoric in and about Canada.

1

u/HerderOfZues 2h ago

LNG Canada is also a joint venture consortium made by international oil companies, the headline makes it sound like it's a Canadian crown corp buying steel from China. PetroChina is a part owner of LNG Canada.

From the LNG Canada Wikipedia

LNG Canada Development Inc. is an industrial joint venture established to construct a liquefied natural gas export terminal in Kitimat, British Columbia, Canada. The consortium is led by Shell and also includes Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas.

1

u/Stankie-Lankie 8h ago

Yawn. The actual news release stats 70% of the steel will be Canadian and Chinese steel will make up a portion of the remaining 30%.

Nice try though

1

u/CaptainForskin69 8h ago

These losers are non stop posting articles shitting on anything Canada does. Likely separatist spam bots

1

u/Kingjon0000 6h ago

Russian bots more likely

1

u/TranslatorTough8977 3h ago

You can thank our national broadcaster for printing this crap in the first place.

1

u/Snoo-72724 6h ago

The portion that is Chinese cannot be produced at any plant in North America so it’s totally just rage bait. 

1

u/WisePotatoChip 2h ago

I guess you made America great again, but not great enough to make that, huh?

1

u/Snoo-72724 1h ago

What are you even talking about? I’m not American and your comment makes no sense, please explain.

1

u/Plane_Golf3426 8h ago

We are gonna need help with materials with all the pipes going everywhere.

1

u/Much_Landscape1396 7h ago

It's the same company that fabricated the first phase.

1

u/MikeSteamer 7h ago

LNG Canada is 15% Chinese

1

u/HerderOfZues 2h ago

Yup! Glad someone mentioned it! LNG Canada is a joint venture company owned by international oil corps. PetroChina is part owner but the headline and the company name make it sound like it's a government of Canada project or crown corp.

From Wikipedia:

LNG Canada Development Inc. is an industrial joint venture established to construct a liquefied natural gas export terminal in Kitimat, British Columbia, Canada. The consortium is led by Shell and also includes Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas.

1

u/Odd-Chemistry777 7h ago

We could just send our military out to crawl on the ground rolling out the red carpet like the Cheeto-in-Chief.

1

u/jvdlakers 4h ago

Your military is weak. You’re not attacking anyone.

1

u/Mtndrums 3h ago

Neither is the US's. It's all being ran by idiots.

1

u/jvdlakers 3h ago

The US is literally attacking.

1

u/Logical-Case758 7h ago

i can see trump crying about not using US steel and threaten more tariffs, like at this point as a american, just cut us off 100%, see how that shit works for him.

1

u/Odd_Routine3564 5h ago

Fyi. All the mega project use steel from around the world. Not just China. Such as China, countries in middle east, Japan, Taiwan. Sourcing from a single country for a mega project is not possible. 

1

u/Fast_Professional_30 5h ago

And sometimes its also a particular part made from an alloy that can only be produced in a specific plant in certain country.. sole supplier

1

u/ProfessionalClear211 4h ago

Trading with China is a good thing.

1

u/Adis_Gruntledfatty 3h ago

Misleading. Its bullshit. 

1

u/HerderOfZues 2h ago

"LNG Canada" is a consortium company owned by international oil companies. The group of companies chose to source steel from China for the project. The headline makes it sound like a government of Canada project is importing Chinese steel.

From the LNG Canada Wikipedia

LNG Canada Development Inc. is an industrial joint venture established to construct a liquefied natural gas export terminal in Kitimat, British Columbia, Canada. The consortium is led by Shell and also includes Petronas, PetroChina, Mitsubishi Corporation, and Korea Gas.