Articles tagged Lng Canada

TC Energy Corp. is moving forward with the Cedar Link lateral from the Coastal GasLink (CGL) natural gas pipeline to supply the Cedar LNG Partners LP export project on Canada’s west coast.

The commercial start up of Western Canada’s first natural gas export project, LNG Canada, is going to lead to an uptick in Montney Shale drilling in 2025, according to Calgary-based Precision Drilling Corp.

Production soared to record levels in Canada and intersected with a relatively mild winter earlier this year. This left the country with robust supply and weak natural gas prices. It also resulted in elevated levels of exports to the Lower 48, where buyers capitalized on relatively low-cost gas.

Global natural gas prices fell on Monday amid broader panic across global financial markets over concerns the U.S. economy is slowing.

Pacific inventories of underground natural gas remain elevated relative to historical norms – but far less so than any other region.

Denver-based Ovintiv Inc., whose portfolio extends from Western Canada to the Permian Basin, is boosting its natural gas and oil production guidance to the end of the year after all four operating areas outperformed during the second quarter.

Shell plc, the world’s No. 1 LNG trader, extended its prowess during the second quarter by making some big deals to secure more natural gas as demand continues to increase.

In the largest transaction of its kind, TC Energy Corp. has agreed to sell equity interest in two of its Canadian natural gas pipelines to an Indigenous-owned investment partnership.

Canada’s fledgling LNG export industry could be reaching a milestone as one major project nears start-up and another receives critical support.

Working natural gas in storage is on the cusp of topping out in Alberta, the Canadian province with the largest capacity.