LNG Canada Nears Commissioning Phase for First Train, Fluor Says
Canada’s fledgling LNG export industry could be reaching a milestone as one major project nears start-up and another receives critical support.
Canada’s fledgling LNG export industry could be reaching a milestone as one major project nears start-up and another receives critical support.
Natural gas futures hovered close to unchanged early Wednesday as the market waited for LNG exports to bounce back and the hottest weather of the summer to arrive this weekend.
Western Canada-focused Pembina Gas Infrastructure Inc. (PGI) is aiming to expand its natural gas infrastructure in the Montney and Duvernay formations after securing a half-stake in Whitecap Resources Inc.’s 15-07 Kaybob Complex.
As U.S. and Middle East LNG exporters appear poised to be the dominant long-term players in the global market, competition for Asian buyers willing to pay for the next wave of supply could be heating up.
A federal court has ruled the Department of Energy (DOE) should resume considerations for new worldwide LNG export permits while it reviews the impact of natural gas trade on the U.S. economy and climate.
More than half a year after the Department of Energy (DOE) halted non-free trade (FTA) agreement permits for new U.S. LNG projects, the length of the pause and the potential impacts to the export supply outlook are still pending.
Energy executives working in the most prolific natural gas and oil region of the United States are forecasting Henry Hub prices will average $3.01/MMBtu at year’s end, according to the Federal Reserve Bank of Dallas.
In a long awaited announcement Tuesday, the Haisla Nation and Pembina Pipeline Corp. agreed to move forward with Cedar LNG Partners LP’s 3.3 million metric ton/year (mmty) export project on Canada’s west coast.
A 90% interest in Commonwealth LNG, which is developing a proposed 9.3 million metric ton/year (mmty) natural gas export project in Louisiana, has been acquired by a unit of Kimmeridge Energy Management Co.
A wave of new LNG supply that’s expected to push global natural gas prices lower later this decade is likely to spur additional investments in floating storage and regasification units (FSRU) that could ultimately help to balance any glut.