In this issue

 

Free ReadUS Environmental Protection Agency (EPA) has finalised two rules to tackle emission in the power sector, with the first one mandating all coal-fired plants that operate beyond 2039 to capture…
Tuesday, 07 May 2024
• March-April exports at 14.95mmt at the end of April • Down by 1.72mmt (-10pct) from January-February period • Shipments down 1.12mmt (-7pct) over period year-on-year • Avg. US capacity utilisation at 95pct…
Tuesday, 07 May 2024
Period between 1 March 2024 and 30 April 2024, inclusively. 
Free ReadJack Fusco, CEO of the US LNG exporting giant Cheniere is going “full steam ahead” with the company’s Corpus Christi and Sabine Pass expansion projects, vowing President Joe Biden’s move to…
Natural gas spot prices at the US benchmark Henry Hub stay low at around $2.40/MMBtu through February and March as LNG exports are set to decline, government analysts forecast. 
Tellurian has agreed to altering the terms of certain debt to have short-term liquidity for completing the sale of its upstream asset. “This amendment to our debt agreement is pivotal…
Celebrity investor Warren Buffett’s Berkshire Hataway has increased its stake in Chevron by over 15.84 million shares to a holding of almost 7 percent of the oil major’s outstanding shares.…
Free ReadAverage US LNG export prices on a free-on-board (FOB) basis, including all costs of the LNG up to the point of export as well as commodity costs and liquefaction fees,…
Gas-burn in the United States has set new records and will remain the lead source of dispatchable power generation in 2024 in the face of the second wave of LNG…
QatarEnergy’s LNG shipments to Europe are delayed as carriers since mid-January take the longer route around the Cape of Good Hope to avoid attacks when crossing the Red Sea to…
• January-February exports at 16.07mmt at the time of writing • Down by 1.38mmt (-8pct) from November-December period • Shipments up 1.98mmt (14pct) over period year-on-year • Avg. US capacity utilisation at 104pct…
Monday, 04 March 2024
Free ReadPeriod between 01 January 2024 and 29 February 2024, inclusively. Elba Island LNG Elba Island LNG produced at annualised nameplate capacity utilisation of 95pct and exported a total of five…
BP is accusing Venture Global of “illegally withholding information” about delays in delivering LNG from its Calcasieu Pass export plant in Louisiana, claiming long-term LNG shipments were “intentionally held back”…
Faced with tighter restrictions to transit the drought-stricken Panama Canal, South Korean and Japanese utility buyers of US LNG have started bypassing the waterway, or avoid spot cargoes altogether. Cargoes…

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.