In this issue

 

Free ReadCanadian Spirit Resources Inc. (CSRI), which recently reactivated natural gas production at Farrell Creek in Northeast British Columbia, is aiming for a share in supplying feed gas to regional LNG…
Global commodity trading house Trafigura has disclosed its volumes of traded LNG declined to 11.2 million tons for the year through September 2023, compared with 13 mt in the previous…
Occidental Petroleum (OXY), with Warren Buffet as a main shareholder, has agreed to buy US Permian Basin-focused energy producer CrownRock in a cash and stock deal valued at $12 billion…
Free ReadNatural gas covered almost half of the United States’ electricity demand this summer amid significantly lower gas prices, coal plant retirements, low output from wind and hydropower and high cooling…
Tuesday, 02 January 2024
• October-November exports at 16.35mmt at the time of writing • Up by 1.25mmt (8pct) compared to August-September period • Shipments up 3.28mmt (25pct) over period year-on-year • Avg. US capacity utilisation at…
Tuesday, 02 January 2024
Period between 1 October 2023 and 30 November 2023, inclusively.
Free ReadA massive 100 mtpa of LNG projects have secured financing in North America and are under construction but prices are creeping higher. According to Poten & Partners, tolling fees around $2/MMBtu…
More LNG was exported from the United States in the first half of this year than from any other country worldwide, Cedigaz data shows. US exports 11.6 billion cubic feet…
NextDecade, developer of the Rio Grande LNG export project in Texas, has secured $356 million of senior loans from a group of lenders to finance a portion of the first…
EQT Corp, the leading gas producer in the Appalachia Shale, is looking for overseas LNG customers having signed a 15-year tolling agreement with the Commonwealth venture in Louisiana for 1…
Free ReadDespite lower prices at Henry Hub, dry gas output stayed elevated through 2023 amid rising supply from the Permian Basin, where natural gas is produced as a by-product from oil wells.…
Alan Armstrong, CEO of the leading US gas pipeline operator Williams, has set out plans for delivering more feed-gas to LNG export plants and electric utilities to meet the nations’…
Despite renewable build-out and energy saving measures, the EU will have to rely on imported LNG from the United States over the coming couple of decades, the European Commission’s director…
Free ReadAndes Energy is advancing plans to build an LNG regasification terminal at Colombia’s Pacific coast to increase gas deliveries to utilities in the southwest of the country. In Phase 1,…

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.