Contract flexibility, strong demand and reliable project execution are bolstering credit profiles of US and Canadian LNG producers, Fitch Ratings said. Longer-term credit upside could fade as competition intensifies, build costs rise and demand visibility weakens, leaving producers reliant on tighter capital discipline and low-cost expansions, analysts warn.

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Trump trade policies could deeply impact global gas markets: “His opening salvo in a US-China trade war has been fired, with 10% tariffs on Chinese goods and retaliatory 15% tariffs on US LNG, while his stance on Russia remains unclear," Rystad Energy commented. Closer to home, Trump's 10% tariff on Canadian gas drives up prices, squeezes profit margins of smaller producers and could potentially lead to production cuts and delayed investments.

Published in Daily News
Friday, 23 August 2019 10:15

Canada’s LNG global market opportunity

Canada has a tremendous opportunity to supply large populations with cleaner burning natural gas, a new report claims.

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Canada’s final verdict on the Pacific Northwest LNG export project planned for the port of Prince Rupert on the Pacific Coast British Columbia, with an all-Asian investor line-up led by Malaysian energy company Petronas, is now scheduled to be known by October 3.

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The Canadian province of British Columbia has issued a statement of thanks to members of a native North American tribe who voted by a majority in favour of the Asian-led Pacific NorthWest LNG project and for continuing to pursue LNG development on their traditional territory.

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