In this issue

 

Glenfarne, lead developer of the Alaska LNG project, claims that liquefying Alaska’s North Slope gas and shipping it to Asia would be at least 65% cheaper than shipping LNG from…
Venture Global has filed with the U.S. Federal Energy Regulatory Commission (FERC), seeking authorization to place its Phase 1 Plaquemines LNG export terminal into service, the final regulatory hurdle before…
The United States and China have extended a bilateral trade truce – the so-called Busan Agreement – until January 10. The accord reduces the risk of renewed tariff escalation between…
The arbitrage for U.S. LNG cargoes is now favouring deliveries to Europe over northeast Asia, according to Spark Commodities, as shipping costs and regional price spreads render Atlantic-to-Pacific deliveries uneconomic…
Shell – and its partners PETRONAS, PetroChina, Mitsubishi and KOGAS – have taken a final investment decision (FID) on the second phase of LNG Canada, approving a C$33 billion expansion…
British gas company Centrica has tentatively agreed to buy 1 mtpa of LNG from Canada’s Ksi Lisims LNG export project, strengthening the developer’s progress toward securing firm offtake and taking…
British energy major Shell and Trinidad and Tobago’s National Gas Company (NGC) have agreed commercial terms for gas supplies from Shell’s offshore Aphrodite field, ending a pricing dispute that had…
Baker Hughes has teamed up with Venezuela’s state oil company PDVSA, engineering firm Lindsayca and LNG developer Fulcrum LNG to revitalise and expand the country’s natural gas infrastructure and set…
Shipments of US LNG to Asia have surged, exceeding 4 million tons per month in late April, May and early June, as buyers scramble for non-Middle East supplies. Shell forecasts global…
Contract flexibility, strong near-term demand and reliable project execution are bolstering credit profiles of US and Canadian LNG producers through 2027, Fitch Ratings said. Longer-term credit upside could fade, however, as competition…
The decade of structurally cheap gas from the United States is drawing to a close, with Henry Hub prices forecast to rise towards $5 per MMBtu by 2035 from below…
Golden Pass LNG, the QatarEnergy and ExxonMobil joint venture, has received U.S. regulatory approval to begin preliminary commissioning activities on Train 2 — just two days after the company filed…
Henry Hub cash and bal-summer price are set to soften as additional Texas-to-Louisiana pipeline capacity boosts LNG feedgas flows towards the US Gulf Coast, easing oversupply in Texas.
LNG Canada passed a year of exports with feedgas near Phase 1 capacity. Across 106 loadings since the first sailing from LNG Canada since last June, South Korea took the…

News Nudges

Canada to export Alberta oil via BC

Canada has moved closer to unlocking a new Pacific Coast crude outlet from Alberta while fast-tracking British Columbia LNG projects with the aim of tripping LNG production and export beyond 2030. Prime Minister Mark Carney said a proposed pipeline capable of carrying about 1 million barrels per day could begin construction in September 2027, as Ottawa and Alberta lined up support for the project. The route would run through southern British Columbia to the Pacific coast, giving Canadian crude a shorter path to Asian buyers and reducing reliance on the United States, officials said. The new pipeline, with 1 million barrels per day throughput, could turn Canada into a global oil exporter — in addition to LNG. British Columbia already has several LNG projects at different stages, including LNG Canada in Kitimat, Woodfibre LNG near Squamish and expansions tied to Tilbury LNG and related pipeline infrastructure. Together, the Alberta-to-BC pipeline plan and LNG acceleration signal a broader federal strategy to scale up Canada’s energy exports without depending solely on U.S. demand. Canada used to sell almost its entire surplus oil and gas production to its large southern neighbour.