In this issue

 

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…
Cheniere Energy, the largest US LNG exporter, has issued an upbeat message on markets after having secured substantial long-term contracts from several buyers. “In 2022 alone, we signed over 10…
Friday, 05 May 2023
• March-April exports at 15.79mmt at the time of writing • Broadly stable compared to January-February period • Shipments up 0.94mmt (6pct) over period year-on-year • Avg. US capacity utilisation at 100pct for…
Friday, 05 May 2023
Free ReadPeriod between 01 March 2023 and 30 April 2023, inclusively.  Elba Island LNG Elba Island LNG produced close to annualised nameplate capacity at 93pct and exported a total of seven…
Record prices and the need for energy security is causing a third wave of US LNG projects, with Wood Mackenzie expecting over $100 billion to be invested over the next five years.…
Though the first cargo has left Freeport LNG since its shutdown last summer and a second one is loading, it will take several weeks before the liquefaction plant reaches full…
As gas prices dwindle in a mild winter, the US Energy Information Administration has slashed its 2023 Henry Hub spot price forecast to $3.40/MMBtu on average, down almost 50% from last…
Free ReadThough debt financing has become more costly, market observers believe the dam could break in 2023 and projects with 6.2 Bcf/d of additional capacity could reach financial close. First in line…
Tellurian Inc., the developer of the Driftwood LNG export plant in Louisiana, was pitching for buyers at the Indian Energy Week seeking replacement offtakers after it cancelled two sales and…
US oil giant Exxon Mobil is planning large investments in oil and gas upstream to rebalance the market, and is on track for a 2024 start-up of the Golden Pass…
Free ReadCheniere Energy, the largest US LNG exporter, has specified plans for adding 20 million tonnes per annum more to the Sabine Pass plant in Louisiana and further expanding the Corpus…

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.