US LNG report shows Netherlands as leading destination again and with Germany paying the highest prices
The US Department of Energy issued its June 2024 liquefied natural gas and pipelines export and import data report with the Netherlands again heading the LNG cargo destination list, Germany paying the most for shipments and the Calcasieu Pass plant in Louisiana still having the highest prices.
Intercontinental Exchange reports record open interest amid surge in US and Dutch TTF gas and Abu Dhabi oil
Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of almost 94 million contracts during March as market players in sectors such as oil, natural gas and LNG launched hedging operations as prices declined.
Canada’s TC Energy gives pipeline boost to another First Nation-led LNG project in region of Prince Rupert port
TC Energy Corp., the North American pipeline operator already supplying two LNG projects with feed-gas near Kitimat in British Columbia via the Coastal GasLink, has linked up with another First Nation-backed LNG project near Prince Rupert in BC with a potential feed-gas pipeline sale deal.
TC Energy advances Coastal GasLink LNG feed-gas project finance and stakes for 20 First Nations
TC Energy will close the sale of a majority stake in the Coastal GasLink Pipeline to two equity funds by June and will also offer 20 Canadian First Nations a 10 percent share of the project to bring feed-gas for LNG processing on the Pacific Coast of British Columbia.
Gazoduq and GNL Quebec reject criticism of the funds backing LNG export and pipeline plans
Gazoduq and GNL Québec, two Canadian companies proposing to transport feed-gas from Western Canada and export it as LNG from a liquefaction plant at Saguenay in Quebec, have rejected a critical report by a Montreal-based body looking into their corporate structures and possible taxation levels were the projects approved and constructed.
Magnolia LNG in Louisiana will move straight to construction once bankable offtake is sold
Australia-listed LNG Ltd said it was in a strong competitive position in the mid-scale industry with two North American projects close to construction, Magnolia LNG in Louisiana and Bear Head LNG in the Canadian province of Nova Scotia, and key decisions could be expected in 2018.
North American LNG plant developer still seeking firm buyers and Canadian feed-gas
LNG Ltd, the Australian-listed developer of two liquefied natural gas export projects in North America, said in its latest quarterly report that it was concentrating on securing volume buyers from its planned Magnolia liquefaction and export plant in Louisiana and was making progress on Bear Head LNG in the East Coast Canadian province of Nova Scotia.
Possible US border tax on Canadian natural gas would have pipeline market and LNG implications
Canadian natural gas exports to the US, which have a bearing on future North American LNG markets, may soon have to contend with a border adjustment tax and a report on the issue has just been published.
