In this issue

 

Free ReadRoyal Dutch Shell, whose LNG sales tops 60 million tonnes per annum (mtpa), has agreed to divest its interests in the US Permian Basin to ConocoPhillips for $9.5 billion in…
New Fortress Energy (NFE) has chartered the floating storage and regasification unit (FRSU) ‘Höegh Gallant’ from New York-listed Höegh LNG Partners for a period of 10 years from the fourth…
Trinidad and Tobago, the Caribbean nation shipping cargoes from the Atlantic LNG facility at Point Fortin in Trinidad, will have access to more natural gas after UK major BP brought…
Liquefaction demand at US terminals will stay strong through end-October, given that Henry Hub gas prices for the winter strip (November-March 2022) are approaching $5 per million British thermal unit…
Free ReadDespite rising prices for the six US liquefaction and export plants, China and Brazil remain the top destinations for US LNG shipments. Data from the Department of Energy (DoE) shows 97…
The Peru LNG export plant at Pampa Melchorita on the Pacific Coast had just re-started shipping cargoes in September after a two-and-a-half month shutdown for technical issues. Now, it has…
Japan’s largest utility JERA, along with Mitsui and partners, has agreed to sell its entire stake in the Mexican power plant operator MT Falcon Holdings to the British investment fund…
Free ReadVenture Global’s Calcasieu Pass LNG export project has filed its monthly construction report to regulators showing sub-stantial progress as the facility aims to be the next large US LNG export…
Commonwealth LNG, the export venture proposed for Cameron Parish in the US Gulf Coast state of Louisiana, has been informed by the Federal Energy Regulatory Commission of the launch of…
Thursday, 07 October 2021
• August-September exports at 11.83mmt • Up 0.21mmt (2pct) over June-July period • Shipments up 6.74mmt (132pct) over period year-on-year • Avg. US capacity utilisation at 94pct for report period
Thursday, 07 October 2021
Free ReadPeriod between 01 August and 30 September 2021, inclusively. Elba Island LNG Elba Island LNG exported five cargoes amounting to 0.29mmt in August and September, broadly steady in volume terms…
Commissioning is underway for Nord Stream 2 and once the pipeline starts up in late August, or early September, cheap Russian gas supply will likely reduce US LNG exports to…
Natural gas spot price at the US bellwether Henry Hub keeps rising amid growing LNG exports and higher gas industrial consumption. Analysts expect spot prices to reach $2.92 per MMBtu in…
Peak summer LNG shipments to Taiwan has surged due to an earlier-than expected shutdown of the first 990 MW unit at the Kuosheng nuclear power plant, with monthly LNG imports…

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.