In this issue

 

As the Biden administration has restarted to hand out non-FTA permits to stalled liquefaction projects, market observers are confident that North America’s LNG export capacity could double by 2028 –…
Free ReadPrices of delivered LNG into North-East Asia, the world’s premium gas market, are converging for oil-linked contracts and those indexed to the US Henry Hub. Most of the recent long term…
Tuesday, 01 October 2024
US Federal regulators in early September granted Venture Global LNG permission to begin preparations for the start-up of the LNG equipment at its Plaquemines export plant in Louisiana. Venture Global…
Reliability of supply is the key issue for traditional LNG buyers, be it Taiwan’s CPC Corp or Germany’s SEFE which also trades and sells cargoes in Asia. CPC Vice President…
Free ReadEurope’s LNG buyers keep their eyes peeled on cargoes from the United States as regas capacity in the EU-27 is on track to expand to 29.3 Bcf/d in 2024, a…
Glenfarne’s Texas LNG Brownsville, a 4 mill tonnes per annum LNG export terminal to be built at Brownsville, Texas has signed another heads of agreement (HoA) with an undisclosed global…
South Korea’s POSCO has become the anchor customer for Mexico Pacific’s 15 mtpa LNG export project, agreeing to offtake 0.7 mtpa on a free-on-board basis for 20 years. Situated at…
Prioritising LNG and small modular reactors to power South Korea’s semiconductor clusters and data centres is a “high-cost, high-risk, and high-carbon strategy,” IEEA analysts warn. This hold true especially if…
Free ReadVolumes of oil and gas produced in the US Gulf of Mexico (GOM) will remain relatively flat as new fields offset the decline in gas production from existing fields. A…
Global upstream oil and gas investment is fairly range-bound this year and expected to rise 7 percent to $570 billion, following a similar increase in 2023. Investment predominantly comes from…
GE Vernova has embarked on a pre-feasibility study of direct air capture (DAC) powered by nuclear energy – helped by $3.3 million in federal funding. Tests are carried out at…
Free ReadAquaterra Energy’s new services for legacy wells and its patent-pending Recoverable Abandonment Frame (RAF) can repurpose offshore oil and gas reservoirs for CO2 or hydrogen storage. The technology helps accelerate…
Tuesday, 01 October 2024
• August-September exports amounted to 15.42mmt at time of writing • Up by 0.81mmt (6pct) from June-July period • Shipments up 0.32mmt (2pct) over period year-on-year • Avg. US capacity utilisation at 98pct…
Tuesday, 01 October 2024
Period between 01 August 2024 and 30 September 2024, inclusively

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.