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