In this issue

 

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,…
Friday, 06 October 2023
• August-September exports at 15.04mmt at the time of writing • Up by 0.28mmt (2pct) compared to June-July period • Shipments up 2.51mmt (20pct) over period year-on-year • Avg. US capacity utilisation at…
Friday, 06 October 2023
Period between 1 August 2023 and 30 September 2023, inclusively. 
NextDecade has lined up enough lenders for Phase 1 of its Rio Grande LNG project in Texas, following two large equity and offtake deals with with TotalEnergies and Global Infrastructure…
Free ReadSweltering heat in south-central US and Mexico is forecast to push Henry Hub cash prices to $2.55/MMBtu on average in July, as gas-burn for power generation soars due to rising…
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…

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.