In this issue

 

The developer of the Commonwealth LNG project in Cameron Parish, Louisiana, expects the US Department of Energy (DoE) to soon approve a licence to export to Non-Free Trade Agreement countries as…
Gross natural gas withdrawals in the US Permian region set a record high last year at 21.0 billion cubic feet per day (Bcf/d), 14 percent above the 2021 average, and…
High commodity prices drove up the value of energy trade between Mexico and the United States last year to $81.9 billion, an all-time high. More crude oil was imported from…
Free ReadUS pipeline company Kinder Morgan has announced plans to expand the working gas storage capacity at its Markham facility in Matagorda County along the Texas Gulf Coast. To that end,…
New gas developments are progressing slowly in Latin America, so supply cannot keep up with demand which is forecast to grow 1.4 percent per year over the next decade to…
Faster development of US LNG terminals in response to higher prices could cause a 12 percent plunge in gas-burn for power generation to as little as 18.6 Bcf/d in the…
Thursday, 06 July 2023
Free Read• May-June exports at 14.85mmt at the time of writing • Down by 1.18mmt (-7pct) compared to March-April period • Shipments up 1.20mmt (9pct) over period year-on-year • Avg. US capacity utilisation at…
Thursday, 06 July 2023
Period between 1 May 2023 and 30 June 2023, inclusively.
Glenfarne Energy Transition will take FID on its 4 mtpa Texas LNG project in 2023 after the US Federal Energy Regulatory Commission (FERC) issued the project’s Order on Remand. FERC’s…
Shut-ins at Haynesville Shale has reduced rig counts by three and Lower 48 gas rigs are down by five to a total of 157 as production started a long-awaited decline…
Free ReadGrowth in US gas exports will be driven by LNG, with shipped volumes forecast at 12.1 bcf/d in 2023, a 14 percent rise year-on-year. Falling LNG prices due to mild…
US energy services company Baker Hughes has increased its order intake during the three months through March by 12 percent to $7.73 billion year-on-year in what CEO Lorenzo Simonelli called…
Tellurian has signed an agreement with an unnamed investor, with $120 billion in assets under management, to sell the site of its proposed Driftwood liquefaction plant at Lake Charles, Louisiana.…
Free ReadUS LNG developer Delfin Midstream has signed a binding LNG sales and purchase agreement with a UK subsidiary of the commodities firm Hartree Partners. Under the SPA, Delfin will supply…

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.