canadian natural gas

TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Energy Corp. management said it could exceed its goal of more than $2 billion in asset sales in 2024 to focus on natural gas and related segments. “For 2024, there should be no surprise that our strategic priorities will look very similar to 2023,” CEO François Poirier said on a conference call to discuss…

February 21, 2024
Stout Pacific Storage, Steady Canadian Imports Restrain Western Natural Gas Prices

Stout Pacific Storage, Steady Canadian Imports Restrain Western Natural Gas Prices

Mostly benign winter weather, robust U.S. production and ample imports of Canadian supply put Pacific region natural gas storage levels far above historical norms early in 2024, keeping prices in check. The U.S. Energy Information Administration (EIA) most recently printed a national storage withdrawal of 75 Bcf for the week ended Feb. 2. It paled…

February 13, 2024
Arc Resources Cuts Deal with Cheniere to Sell Natural Gas at Prices Linked to TTF

Arc Resources Cuts Deal with Cheniere to Sell Natural Gas at Prices Linked to TTF

Arc Resources Ltd., one of Canada’s largest natural gas producers, said Wednesday it would send more volumes to Cheniere Energy Inc. for liquefaction and delivery to Europe. Under a gas supply agreement (GSA) signed with Cheniere, Calgary-based Arc said it would send 140,000 MMBtu/d to the Sabine Pass Liquefaction Stage 5 project in Louisiana for…

November 29, 2023
Energy Contractors Forecasting Growth for Canadian Oil and Natural Gas Drilling in 2024

Energy Contractors Forecasting Growth for Canadian Oil and Natural Gas Drilling in 2024

The Canadian oil and natural gas well count – chiefly in Alberta, British Columbia and Saskatchewan – will rise to 6,229 in 2024 from 5,748 this year, according to an annual fall forecast by the Canadian Association of Energy Contractors (CAOEC). “A continuation of capital discipline within energy producers will create a ceiling on potential…

November 28, 2023
First Nation Tribes Seek to Tame Montney Natural Gas Projects in New Lawsuits

First Nation Tribes Seek to Tame Montney Natural Gas Projects in New Lawsuits

Rival territorial claims have erupted into two new lawsuits that seek to limit or prevent project approvals in a Canadian hot spot for natural gas supplies, the Montney Shale in northern British Columbia (BC). Halfway River First Nation and Doig River First Nation filed the legal actions in Victoria and Vancouver trial courts. Both seek…

November 15, 2023
Natural Gas Pipelines Serving Montney Shale Prepare to Expand in Advance of LNG Exports

Natural Gas Pipelines Serving Montney Shale Prepare to Expand in Advance of LNG Exports

Increased development in the natural gas-rich Montney Shale continues to foster northern British Columbia (BC) pipeline projects as production increases, including preparations for LNG exports to begin from the Pacific coast by 2025. After recommending final approval in October of NEBC Connector’s NorthRiver Midstream to transport natural gas liquids, the Canada Energy Regulator (CER) has…

November 8, 2023
Whitecap Hiking Capex in Montney, Duvernay Natural Gas as LNG Canada Nears Completion

Whitecap Hiking Capex in Montney, Duvernay Natural Gas as LNG Canada Nears Completion

Natural gas development in Western Canada’s Montney and Duvernay formations is set to increase by double-digits in 2024 for Calgary’s Whitecap Resources Inc., as LNG opportunities begin to emerge. The independent, which reports in Canadian dollars (C$1.00/US75 cents), has set a preliminary 2024 capital expenditure (capex) budget that is 26% higher year/year. The high end…

October 31, 2023
Canada Producers Tout Lower Emissions from Conventional Natural Gas, Liquids Production

Canada Producers Tout Lower Emissions from Conventional Natural Gas, Liquids Production

Greenhouse gas (GHG) emissions shrank while Canadian natural gas and liquids byproduct output grew during the 2012-2021 period, according to government records compiled by the Canadian Association of Petroleum Producers (CAPP). Annual GHG discharges from gas, condensate and lighter fluids production dropped by 22% to 50 million tons in 2021 from 64 million tons in…

September 6, 2023
Enbridge Testing Support for 1 Bcf of Peak Natural Gas Storage Service at Dawn Hub

Enbridge Testing Support for 1 Bcf of Peak Natural Gas Storage Service at Dawn Hub

Enbridge Inc.’s utility subsidiary has launched an open season for up to 1 Bcf of peak natural gas storage capacity at its Dawn Hub in southwestern Ontario. Enbridge is seeking a three-year commitment from shippers for the storage services, which could begin in April 2024. The expansion would give “shippers unparalleled flexibility to meet their…

August 9, 2023
Montney Gas Volumes Said Growing Even in Net-Zero Emissions Scenario

Montney Gas Volumes Said Growing Even in Net-Zero Emissions Scenario

Montney Shale drilling in northeastern British Columbia (BC) would keep flowing liquid byproducts of natural gas even if the Canadian Liberal government hits its net-zero emissions targets, according to the developer of a C$350 million ($262 million) pipeline project. “Canada’s natural gas production is expected to be increasingly weighted towards the B.C. Montney,” says a…

July 5, 2023
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