In this issue

 

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…
A year on from Russia’s invasion in Ukraine, confidence is growing that Europe can pull though the next three years without Russian gas until new LNG supply – mainly from…
The Gas Exporting Countries Forum (GECF) forecasts natural gas demand will increase by 36 percent to 5,460 billion cubic meters (bcm) in 2050, with power generation accounting for 43 percent…
• January-February exports at 14.07mmt at the time of writing • Broadly stable compared to November-December period • Shipments up 0.22mmt (2pct) over period year-on-year • Avg. US capacity utilisation at 99pct for…
Friday, 03 March 2023
Free ReadPeriod between 01 January 2023 and 28 February 2023, inclusively.  Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in…
North America’s large gas resources could meet over 30 years of domestic and LNG export demand at a cost of less than $3 per million British thermal units (MMBtu), McKinsey…
Analysts doubt that Sempra’s Freeport LNG plant will resume full production until well into next year, as the operator again delayed the restart of the second-largest US LNG export facility…
The US utility Entergy Louisiana has signed an accord to supply renewable power to Sempra’s Cameron LNG terminal to offset emissions of the liquefaction plant, including its Train 4 expansion.…
Free ReadDriven by soaring LNG exports, the North American gas market will support 29 billion cubic feet per day (Bcf/d) of production from 2022 to 2033, tripling its current size, Wood…

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.