In this issue

 

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…
Adding no interstate gas pipeline capacity in the United States through to 2050 risks to severely limit gas flows from the Appalachia production region to the Midwest.
El Salvador has imported its maiden LNG cargo in early April when Shell shipped roughly 0.06 million tons of super-chilled gas to FSRU Tatjana near the Port of Acajutla. The…
Free ReadWoodfibre LNG, the mid-scale project near the town of Squamish in British Columbia, has issued a notice to proceed to US engineering contractor McDermott to move the projects towards major…
Carbon capture and storage (CCS) will substantially curtail the carbon footprint of future LNG projects. LNG players in the US, who benefit from the 45Q tax credit, will likely be…
Helmerich & Payne (H&P), North America’s largest land drilling solutions provider, have invested $33 million into Galileo to use their technology on drill pads. Galilieo’s technology can capture natural gas…
Monday, 09 May 2022
• March-April exports at 14.7mmt  • Up 0.88mmt (6pct) over January-February period • Shipments up 1.88mmt (15pct) over period year-on-year • Avg. US capacity utilisation at 117pct for report period 
Monday, 09 May 2022
Free ReadPeriod between 01 March 2022 and 30 April 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in…
Venture Global has set the pace for how quickly new US LNG export capacity can come to market. The 10 million tons of LNG per annum Calcasieu Pass project 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.