In this issue

 

Tuesday, 03 January 2023
Period between 1 November 2022 and 31 December 2022, inclusively. 
Restart of operations at Freeport LNG in early November will bring some relief to tight European gas markets as utility buyers seek to keep the lights on this winter. Freeport…
Free ReadBuyers’ quest for US LNG has slowed down markedly from a highpoint in July, when 14 formal and tentative offtake agreements were sealed, as rampant inflation and rising interest rates are…
America gears up to become Europe’s top gas supplier, covering 40 percent of the bloc’s future gas demand. Assuming no gas trade between Russia and the EU, up to 136…
Though Canada agreed to export green hydrogen to Germany, Chancellor Olaf Scholz does not want to give up the option of building LNG terminals on the Canadian Atlantic coast within…
Free ReadRestrictions on Russian gas exports have accelerated US LNG projects: Spending on greenfield LNG projects totalled $27 billion this year and will peak at $42 billion in 2024, Rystad Energy…
On cold winter days, New England imports LNG when key pipelines freeze up but shipments of the pricy super-chilled fuel increasingly get displaced by domestic dry gas and Canadian gas.…
US utilities keep burning more gas to produce electricity despite a stark rise in fuel prices, limiting volumes available for liquefaction and export.
Monday, 03 October 2022
Free Read• August-September exports at 12.47mmt at time of writing • Down 1.41mmt (-10pct) over May-June period • Shipments up 0.67mmt (6pct) over period year-on-year • Avg. US capacity utilisation at 87pct for reporting…
Monday, 03 October 2022
Period between 01 August 2022 and 29 September 2022, inclusively. 
US oil major Chevron has taken steps to boosts its position in global LNG trading, having just signed cargo supply agreements with Cheniere Energy and newcomer Venture Global. With the latter,…
US government analysts expect natural gas spot prices to rise again this month and stay high through the rest of 2022 due to low inventories and higher gas-burn in the…
Free ReadTarga Resources Corp., one of the largest US independent midstream infrastructure companies, has agreed to acquire Lucid Energy, a natural gas gathering and processing services company in the Delaware Basin…
Venture Global LNG, owner of the newest US export plant at Calcasieu Pass in Louisiana and with three other projects in development, has signed two long-term supply agreements with a…

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.