LNG Canada gives First Nations option to buy Phase 2 tank
Five First Nations can invest up to C$1 billion to own an LNG storage tank – as part of the LNG Canada’s Phase 2 expansion – and lease it back to the terminal developer for the operational life of the project. The tank would have a capacity of 225,000 cubic metres and would be built in Kitimat, BC, with an investment decision on Phase 2 targeted by the end of 2026.
Canada to export Alberta oil via BC, accelerate LNG projects
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.
Shell pauses $3bn buyback, lifts LNG Canada feedgas exposure
Shell has temporarily suspended its $3 billion share buyback programme, citing legal constraints linked to its pending acquisition of ARC Resources. The $16.4 billion deal would expand Shell’s position in the Montney Shale – a key source of feedgas supply for LNG Canada.
LNG Canada about to load first cargo at Train 2
Shell-led LNG Canada is about to start loading its first cargo at Train 2. Shippers were alerted to have tankers ready starting from early October, people familiar with the matter told Bloomberg, with loading likely to begin before the end of this week.
Petronas to ship first LNG Canada cargo to Toho Gas in July
Petronas has announced the first LNG cargo from its share in the LNG Canada project will be destined to Toho Gas, a Japanese city gas utility. Speaking at the LNG Producer-Consumer Conference in Tokyo, a Petronas official also said the company’s third FLNG project offshore Malaysia is scheduled to start production in 2027.
North American natural gas operator for LNG and pipelines TC Energy loses $15Bln Keystone XL oil claim
TC Energy, the North American natural gas pipelines operator with US and Mexican pipelines and the Coastal GasLink to supply Canadian LNG projects, is now counting the cost of the Biden Administration’s 2021 cancellation of the Keystone XL oil pipeline from Canada to the US Midwest.
Fluor Corp. of US and Japan’s JGC complete final weld on first liquefaction Train at LNG Canada at Kitimat
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.
Malaysian energy company Petronas expands fleet by three newbuilds to handle volumes from LNG Canada
Malaysian state energy company Petronas said the company was expanding its LNG fleet by three vessels to handle cargoes from the LNG Canada export project in British Colombia where Petronas is a shareholder.
Dutch storage and LNG company Vopak and Canadian partner AltaGas proceed with Ridley Island project
Royal Vopak of the Netherlands has reached a positive final investment decision with Canada’s AltaGas to proceed with a large-scale energy and bulk liquids terminal at Ridley Island in the Canadian Pacific province of British Columbia.
TC Energy reports advances in LNG projects in British Columbia and surge in natural gas supplies in US
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.
