In this issue

 

Abundant, low-lost natural gas has become essential to the US energy system and is enabling the reshoring of many industries. “In fact, today, natural gas is more than five times…
Free ReadGlobal energy demand is shifting to natural gas and investment in LNG is set to soar over 50 percent by 2029, while growth in oil investment shows signs of peaking…
Meteorologists are forecasting a particularly intense Atlantic hurricane season this year; they expect 20 to 25 named storms which can potentially disrupt crude oil and natural gas production as well…
Fitch Rating has maintained all Henry Hub base-case assumption, although US gas production continues to outstrip consumption albeit with a narrowing gap. Analysts expect gas production will fall as a…
Free ReadChiyoda, the Japanese LNG engineering firm working on the Golden Pass LNG project, has been hit by the bankruptcy of the US Zachry construction group. The Yokohama-based company said it…
Argent LNG, with plans to develop a liquefaction terminal at Port Fourchon, Louisiana, has selected Chart Industries to supply modular processing equipment. Argent is proposing a facility at a 144-acre…
Mitsubishi Power, together with CONSAG Engenharia, will provide engineering, procurement and construction (EPC) for the 1,600 MW PortoCem power plant in Brazil. Mitsubishi will supply four M501JAC gas turbines to…
Thursday, 11 July 2024
• May-June exports amounted to 15.34mmt • Up by 0.36mmt (2pct) from March-April period • Shipments up 0.63mmt (4pct) over period year-on-year • Avg. US capacity utilisation at 97pct for the report period 
Thursday, 11 July 2024
Free ReadPeriod between 1 May 2024 and 30 June 2024, inclusively.  Elba Island LNG Elba Island LNG produced at annualised nameplate capacity utilisation of 67pct and exported a total of four…
Venture Global, developer of the Plaquemines lique-faction terminal on the Mississippi River, has filed for approval to re-export up to three LNG cargoes as part of the plant’s commissioning process…
After the busiest first quarter for upstream deal-making in five years, the industry could see another $150 billion of merger and acquisition (M&A) deals in the remainder of 2024. Players…
Free ReadAs industry groups urge Canada to accelerate its LNG projects following the US permitting pause, IEEFA analysts dismiss this thought as a “mere distraction” from looming oversupply. The LNG Canada…
Privately-held JX LNG Canada has proposed a fourth LNG export project for northern British Columbia, adding to the already advancing LNG Canada, Cedar FLNG and another First Nation-led venture north…
Canadian gas transportation and terminals company Pembina Pipeline and its LNG partner, the Haisla First Nation, has secured some landmark deals on offtake, construction and financing ahead of their investment…

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.