In this issue

 

Integrating North America’s abundant shale gas resources into global markets keeps prices subdued: NBP averaged at $10/mmBtu in 2011-14 and by 2016 lost more than half of its value, hovering…
In the face of oversupplied global gas markets and rising LNG trade, the International Energy Agency (IEA) has voiced concerns that the transformation from regional to more flexible, interdependent gas…
CEOs of the three gas liquefaction and export facilities near Gladstone in Queensland, Australia, have struck a deal with Prime Minister Malcolm Turnbull, promising to fill the expected shortfall and…
Encouraged by a seismic survey of Atlantic coast acreage, Argentina has announced it will auction offshore oil and gas exploration rights near its northeastern sea border next year. The energy…
Kinder Morgan, the US pipeline company, has received permission from US regulators to advance with further work on storage for its export project at Elba Island near Savannah in the…
NextDecade, developer of the Rio Grande liquefaction plant in Texas, has received tax incentives for its project planned for the Port of Brownsville because of its jobs and investment potential.
FERC has granted permission to Dominion to begin the next phase of commissioning at the Cove Point liquefaction project. The authorization, however, does not grant approval for commencement of service. 
Stakes are high in Australia’s energy policy: Faced with spiralling electricity prices and a domestic gas shortage, Prime Minister Malcolm Turnbull is threatening to cap gas exports. Santos’s Gorgon LNG…
As the second wave of U.S. LNG projects is gathering speed, the shift to short-term offtake agreements which already account for 25% of global trade requires a radically different approach…
Strikingly, South Korea’s year-to-date LNG demand has risen by over 4 million tons – contrary to expectations it would fall. Price sensitive Korean buyers got really interested in US shale…
Mexico and South Korea each received four cargoes and China took delivery of two as a total of 16 shipments were delivered from the Sabine Pass plant in Louisiana at…
Tellurian Inc., developer of the Driftwood LNG project on the Gulf Coast of Louisiana, said it had agreed to acquire acreage in Haynesville Shale play in the northwest of the…
Monday, 02 October 2017
Drilling activity and production of crude oil and natural gas is picking up in Oklahoma’s Anadarko Region, notably in two areas commonly known as the STACK (Sooner Trend Anadarko Canadian…
Despite the havoc causes by recent hurricanes along the Gulf Coast of Texas and Louisiana, US dry gas production is set to rise to an average of 73.7 billion cubic…

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.