LNG

Fluor Corp. of US and Japan’s JGC Corp. of Japan have completed the final weld on first liquefaction Train at the LNG Canada joint venture at Kitimat on the Pacific Coast province of British Columbia.

May 10 (LNGJ) - Pembina Pipeline Corp., the Canadian developer of the Cedar floating LNG project in the Douglas Channel of British Columbia with the Haisla First Nation, gave an update on the venture’s final investment decision plans as it posted increased first-quarter 2024 earnings of C$438 million (US$320M) versus C$369M in the 2023 quarter.

   “Pembina recently announced significant achievements in the development of the proposed Cedar LNG project, including securing long-term commercial agreements and issuing a notice to proceed to its engineering, procurement, and construction contractors,” said Pembina. “Following these critical milestones Cedar LNG and Pembina's partner, the Haisla Nation, have commenced their respective financing processes in advance of a final investment decision, which is expected by June 2024,” stated Pembina.

Chart Industries, the US equipment-maker for liquefied natural gas and other clean energy and industrial gases markets, reported a record backlog of more than $4.3 billion as LNG orders continued to flow from North America to China.

TC Energy, the leading North American natural gas pipelines operator, is moving to complete final works surrounding the link to the LNG Canada project in British Columbia while selling a pipeline gas connection to a First Nation-run venture amid an increase in US natural gas flows.

TC Energy, the North American natural gas pipelines operator, reported record results with rising earnings from US and Mexican pipelines amid the completion of the Coastal GasLink to LNG Canada in the province of British Columbia.

Pembina Pipeline Corp., the developer of the Cedar LNG project in British Columbia and the owner of North American pipelines and terminals, has concluded a deal with Canadian pipelines company peer, Enbridge Inc., to acquire stakes in pipeline and processing systems and power assets for C$3.1 billion (US$2.28Bln).

Pembina Pipeline Corp., the leading Canadian energy pipeline and midstream company with a network of gas gathering, processing and energy export terminals in North America has given a business update including spending plans and a final investment decision date for the planned Cedar LNG project in British Columbia.

Nov 3 (LNGJ) - Pembina Pipeline Corp. of Canada, a shareholder in the Cedar liquefied natural gas production project near Kitimat in British Columbia, reported C$346 million (US$251M) of third-quarter net income versus C$1.83 billion in the same three months of 2022 because of a previous one-off gain from gas processing assets. Quarterly revenues declined to C$2.29Bln from $2.78Bln in the same quarter last year.

   Pembina has formed a partnership with the Haisla First Nation to develop the Cedar LNG project with 3 million tonnes per annum of capacity. The company said that Cedar LNG would provide a “valuable outlet” for Western Canada’s natural gas to global markets. “Cedar LNG continues to progress key project deliverables, having secured the major regulatory approvals and signed non-binding memoranda of understanding for long-term liquefaction services with investment grade counterparties for the project’s total base liquefaction capacity,” Pembina stated in its earnings.

UK major BP has entered its third long-term liquefied natural gas offtake contract from the Woodfibre LNG project in the Canadian Pacific Coast province of British Columbia.

“With the additional contract to offtake 450,000 tonnes of LNG per year for 15 years on a free on-board (FOB) basis, all of the LNG production from the Woodfibre LNG export facility is now committed for sale to BP,” said the London-based company.

Woodfibre LNG is a Canadian subsidiary of the Asian group, Pacific Energy Corp. Its main offices are in Singapore and with others in Jakarta, Beijing and Hong Kong.

The latest deal takes BP’s offtake total to 1.95 million tonnes per annum and the remainder on a flexible offtake basis from the plant being built near the town of Squamish in BC.

The North American pipelines and energy company Enbridge is investing to own 30 percent of the C$5.1-billion (US$3.75Bln) Woodfibre project scheduled to enter service in 2027.

Enbridge and Pacific Energy announced that deal in July 2022. Woodfibre LNG will produce a total of 2.1 MTPA of LNG and will have 250,000 cubic metres of storage capacity.

Engineering

The project is now fully underpinned by the long-term offtake agreements with BP. Woodfibre LNG has engaged global engineering and construction company McDermott International to constructed the Woodfibre facilities.

After the latest Woodfibre deal, BP said it continued to look for opportunities across the gas value chain as it sees LNG as an essential part of the energy transition and its own pivot to becoming an integrated energy company.

“As BP works towards building an LNG portfolio of 30 million tonnes by 2030, the additional Canadian west coast supply source expands BP’s flexible, high-quality LNG portfolio and further enhances the company’s capability to meet the growing global natural gas demand,” BP explained.

In addition to securing LNG offtake rights from the project, BP added that it would provide “safe and reliable transportation of gas” to the Woodfibre LNG export facility during the 15-year contact term.

“As the world seeks secure, affordable and lower carbon energy, global demand for LNG is expected to continue to grow and this additional Canadian supply source will further enhance bp’s supply positions in the Pacific region,” said Jonathan Shepard, Vice President for Global LNG Trading and Origination at BP.

“We look forward to continuing our close collaboration with Woodfibre LNG,” stated Shepard.

TC Energy, the natural gas pipeline company with assets in the US and Mexico and involved in projects like LNG Canada, expects to appeal court rulings in the US state of Delaware related to the US$13 billion acquisition in 2016 of US Columbia Pipeline Group under TC Energy’s previous name TransCanada Corp.