In this issue

 

• 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…
Free ReadDriftwood LNG developer Tellurian has ousted co-founder Charif Souki as executive chairman by choosing his long-term business partner Martin Houston as the new Tellurian chairman. Souki will stay a member…
ExxonMobil has informed investors about a delay in the “mechanical completion” of the Golden Pass LNG export plant. Commissioning of liquefaction facilities at the existing import terminal on the Sabine-Neches…
US energy engineering company McDermott has received a limited notice to proceed for an engineering, procurement, construction and installation (EPCI) contract from Shell for the Manatee natural gas field development…
Southern cone gas supply dynamics will be unravelled over the next ten years by rising gas production in Brazil and Argentina, while dwindling output from Bolivian fields impedes exports. Southern…
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.

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.