In this issue

 

Friday, 17 January 2025
Well-below temperatures at the US east coast has propelled up demand for natural gas at the start of 2025 and impacted energy prices. At the same time, colder weather can…
Friday, 17 January 2025
As early as 2028, the United States will be home to 232 billion cubic meters per year (bcm/y) of LNG export capacity, up from 126 bcm/y today – far ahead…
Free ReadPrioritising 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…
Growth in US LNG production is essential to balance global markets and provide emerging Asia with an alternative to coal, the region’s dominant fuel for power generation. Wood Mackenzie forecasts…
Shortly before the end of his term in office this month, US President Joe Biden is pushing through US waters’ protection measures against further oil and gas extraction.
Juxtaposing the carbon capture and storage (CCS) capacity with LNG production illustrates of the scale of the ambition for CCS, Wood Mackenzie says, comparing the growth of two large industrial…
Friday, 17 January 2025
• November-December exports amounted to 17.08mmt • Up by 1.30mmt (6pct) from September-October period • Shipments down by 0.37mmt (-2pct) over period year-on-year • Avg. US LNG capacity utilisation at 108pct for the…
Friday, 17 January 2025
Period between 1 November 2024 and 31 December 2024, inclusively. 
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…

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.