In this issue

 

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)…
Thursday, 13 January 2022
• November-December exports at 13.49mmt • Up 1.27mmt (10pct) over September-October period • Shipments up 1.70mmt (14pct) over period year-on-year • Avg. US capacity utilisation at 107pct for report period
Thursday, 13 January 2022
Free ReadPeriod between 01 November 2021 and 31 December 2021, inclusively. Elba Island LNG Elba Island LNG exported five cargoes amounting to 0.29mmt in August and September, broadly steady in volume…
US and European markets face a further “bull run” in natural gas prices. According to Energy Aspects, markets have “nearly maximized their gas-to-coal switching potential,” and considering low storage inventories and…
Fourth-quarter spot gas prices at the US gas trading benchmark Henry Hub will average $4.00 per million British thermal units (MMBtu), or above — a 16% rise from levels forecast in…
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…

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.