In this issue

 

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…
Pressure is building up to close down Russian oil, gas and coal deliveries to Europe, worth an estimated $150 billion in 2021 and over $500 million each day so far…
Free ReadChart Industries, the US LNG equipment-maker and industrial gases technology company, said it was given full notice to proceed on its processing and equipment activities for Cheniere Energy’s Corpus Christi…
Helmerich & Payne (H&P) have invested $33 million into Galileo to use their technology on drill pads across North America. Galilieo’s technology can capture natural gas from any source –…
JERA, Japan’s largest LNG importer, together with Chiyoda and researchers at RITE have started a demonstration project whereby solid sorbent material is used to separate CO2 from the exhaust of…
Tuesday, 05 July 2022
• May-June exports at 13.83mmt at time of writing • Down 0.21mmt (-1pct) over March-April period • Shipments up 1.48mmt (12pct) over period year-on-year • Avg. US capacity utilisation at 97pct for report…
Tuesday, 05 July 2022
Free ReadPeriod between 01 May 2022 and 29 June 2022, inclusively.  Elba Island LNG Elba Island LNG reduced utilisation from full-scale in March-April to 75pct in May-June to date. Elba Island’s…
Fitch Rating anticipates more US LNG cargoes will continue to be shipped to Europe as higher netbacks earned here than in China make cargo diversions “more competitive”, while more liquefaction capacity…
The French utility Engie has agreed to purchase 1.75 million tons per annum of LNG on a free-on-board basis from NextDecade’s Rio Grande LNG export project on the Brownsville Ship…
Energy Transfer, owner of assets in the Permian Basin and Haynesville Shale, has signed supply accord with the global commodities trader Gunvor for 2 mtpa from the Lake Charles LNG…
Free ReadMore than 900 drilling permits for new horizontal wells have recently been awarded in the Permian Basin, spurred by high oil prices. “This is a clear signal that operators in…

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.