In this issue

 

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…
Despite falling volumes, Canadian pipeline gas imports remain important to balance US markets, particularly during the winter, when cold temperatures drive up gas demand for heating. Imports in the eastern US…
Natural gas prices in the US are forecast to rise to over $6 per MMBtu in the first quarter of 2023 due to higher winter demand and rising exports as…
Free ReadGas consumption in the US electric power sector is expected to decline in 2023 amid continuing growth in LNG exports. Though gas storages in Europe are now largely full, analysts say…
Tuesday, 03 January 2023
• November-December exports at 14.18mmt at the time of writing  • Up 1.32mmt (10pct) over September-October period  • Shipments up 0.67mmt (5pct) over period year-on-year  • Avg. US capacity utilisation at 99pct for…
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…

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.