In this issue

 

Free ReadPetróleos Mexicanos (Pemex), the Mexican oil and gas company, is currently struggling to emerge from the economic slowdown amid widening losses at a time when several LNG export projects are moving…
US LNG developer Tellurian has ended 2021 with more than $300 million in liquidity and over $360 million in discounted future net cash flows of proved gas reserves in Haynesville Shale.…
The Impact Assessment Agency of Canada (IAAC) has made funding available to Canadians and Indigenous groups to participate in the approval process for an LNG export project proposed for Pearse…
• January-February exports at 13.61mmt • Up 0.10mmt (1pct) over November-December period • Shipments up 3.31mmt (32pct) over period year-on-year • Avg. US capacity utilisation at 108pct for report period.
Monday, 07 March 2022
Free ReadPeriod between 01 January 2022 and 28 February 2022, inclusively. Elba Island LNG Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.42mmt in…
Sky-high European gas demand has caused US LNG exporters to divert cargoes – initially sold to Asian buyers – to northeast Europe. With the start-up of Nord Stream 2 held up…
Fitch Ratings warns of a “highly uncertain” situation in global oil and gas markets as the fast spread of the Omicron variant could result in renewed lockdowns, travel restrictions and…
Free ReadUnphased by record high gas prices and a looming supply shortage, the German regulator BNetzA has halted the approval process of Nord Stream 2 – the controversial Russian interconnector through…
Japan’s largest power plant operator JERA has bought a 25.7% stake in the US liquefaction terminal Freeport LNG together with Global Infrastructure Partners. The deal broadens JERA's gas supply sources…
Siemens Energy has secured a turnkey contract to build GNA II, a 1.7 GW integrated LNG-to-Power plant at Port of Açu, in the Brazilian state of Rio de Janeiro. Customer…
NextDecade, the US developer of the Rio Grande LNG export project along the Brownsville Ship Channel, has confirmed that a final investment decision for the venture would again be delayed,…
Free ReadVegas-based Southwest Gas Holdings is rejecting continued attempts by activist investor Carl Icahn to buy up outstanding stock for $75 per share, calling the move opportunistic and not in the best…
US LNG exports are forecast to be almost 85 percent higher in 2023 than they were in 2020 as nation’s natural gas production increases. “We estimate that US LNG exports…
Coal has staged a surprise return in the global power gen market in the face of sky-high LNG prices, but this phenomenon will be short-lived, the International Energy Agency (IEA)…

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.