In this issue

 

Free ReadJack Fusco, President and CEO of Cheniere Energy, said global LNG demand was still „very high“ and the North Hemisphere summer slowdown was being offset by South American nations seeking…
Firmer prices at Henry Hub have reduced the gas use for power generation in the United States, but government analysts forecast an increase in natural gas consumption, including for LNG…
The US economy has been badly hit by the Covid-19 pandemic, with gas consumption in 2020 falling to 1.9 Bcf per day below the 2019 high of 85.1 Bcf/d. Analysts…
NextDecade Corp., the developer of the US Rio Grande LNG export project, has signed an agreement with Mitsubishi Heavy Industries of Japan to install post-combustion carbon-capture technology at the facility…
Free ReadNew Fortress Energy (NFE) has agreed to supply the Mexican state-owned power producer CFE with the equivalent of 20,000-40,000 million British thermal units (MMBtu) of LNG via an import terminal,…
Monday, 10 May 2021
• March-April exports at 12.26mmt • Up 2.12mmt (21pct) over January-February period • Shipments up 4.32mmt (54pct) over period year-on-year • Avg. US capacity utilisation at 99pct for report period
Monday, 10 May 2021
Monthly US LNG Exports (MMt) period between 1st March and 30th April, inclusively.
Free ReadUS fracking companies fear the impact of President Biden’s plan to lower the number of drilling leases on federal land. Analysts see no near-term effect on volumes or prices until…
Dallas-based Energy Transfer has agreed to acquire Enable Midstream Partners in an all-equity transaction valued at around $7.2 billion. The merger is expected to lead to $100 million operational cost…
The developer of the Driftwood LNG export plant in Louisiana is still awaiting new investors to take stakes in the delayed venture since Indian company Petronet LNG withdrew as a…
Free ReadIt has become clear that the German government was ready to pay over €1 million to the Trump administration to avert US sanctions and proceed with construction of the Nord…
Fitch Ratings has warned fossil fuel exporters face a growing risk of loss of GDP, government revenue and export receipts as more upstream assets are downgraded, or become stranded, as…
Though ExxonMobil had to write down billions on its American gas assets, the oil major seeks to boost profits from its Permian Basin shale activities. “In 2020, capital expenditures in…
Cheniere Energy, the largest US LNG exporter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, said the global LNG market had strengthened significantly 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.