In this issue

 

Tellurian Inc., the developer of the Driftwood LNG project near Lake Chares, has raised some additional institutional investor funds to give it more time to secure offtake deals, like the…
Free ReadUK major BP has reiterated its commitment to sell its Alaska business to Hilcorp Energy of the US for the original price of $5.6 billion despite the industry downturn. The…
The Freeport LNG export plant on Quintana Island in Texas has asked regulators to place its third liquefaction Train into service by April 30 as the US Gulf Coast export…
Calcasieu Pass LNG project has reached a construction landmark by having the roof raised on the first LNG storage tank. Venture Global is developing three liquefaction plants in Louisiana and…
The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a takeover bid by a Singapore-based private company has been…
Monday, 04 May 2020
Free ReadUS LNG exports for the period covering March and April stood at 9.19mmt with a delivery horizon of 4th June at the time of writing. Meanwhile, average capacity utilisation for…
Monday, 04 May 2020
At the time of writing, 48 cargoes (3.31mmt) shipped since mid-March remain in transit, with 25 (1.76mmt) still lacking confirmed destinations within the Pacific and Atlantic Basins.
Elba Island LNG We have not seen another Elba Island LNG export since January. Notably, the plant remains under construction, having received FERC authorisation to start feeding gas into its…
A triple whammy of a warm winter, sluggish demand in Asia and cancelled cargoes in China due to the coronavirus outbreak is prompting Cheniere to slow down its midscale expansion…
Free ReadEnergy independence of the United States will be tested in the 2020s, unless there is a sharp reversal in the collapse of fresh capital expenditure in the shale sector, CME…
The Chinese Government is open to applications for tariff exemptions on several U.S. products, including crude oil and LNG, starting from March 2, 2020. The long-anticipated announcement was widely welcomed…
All eyes are on China’s economic and energy demand growth. But with the U.S. election looming large in November, it is unlikely that President Trump will facilitate real breakthroughs on…
Free ReadLawmakers in the U.S. Congress are preparing to hit European investors in the Nord Stream 2 pipeline with a new set of sanctions in an effort to derail the project…
Natural gas prices at Henry Hub are forecast to stay lower than $4 per million British thermal units (MMBtu) through 2050 amid an abundance of low-cost resources, primarily in the…

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.