Lng Canada

Western Canada’s 1 Bcf/d Yellowhead Natural Gas Pipe to Move Supply to Dow Cracker – and Beyond

Western Canada’s 1 Bcf/d Yellowhead Natural Gas Pipe to Move Supply to Dow Cracker – and Beyond

A 124-mile-long Western Canadian natural gas pipeline system that would deliver about 1 Bcf/d from west-central Alberta to northeastern Edmonton is in the works by a unit of Atco Ltd. The Yellowhead Mainline project, announced by Calgary-based Canadian Utilities Ltd., would cost more than C$2 billion (C$1.00/US 73 cents), according to preliminary estimates. The system…

May 15, 2024
Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Alberta’s Canadian Natural Resources Ltd. is taking a glass-half-full view of the current natural gas price slump, according to CEO Scott Stauth. Stauth hosted a conference call to discuss first quarter earnings for Calgary-based Canadian Natural, one of the country’s largest independent natural gas producers. The company’s gas-focused operations target the Montney Shale and Alberta…

May 14, 2024
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…

May 9, 2024
Canada E&P Outlook for Natural Gas ‘Surprisingly Strong,’ Despite Weak AECO Pricing, Says Precision CEO

Canada E&P Outlook for Natural Gas ‘Surprisingly Strong,’ Despite Weak AECO Pricing, Says Precision CEO

The imminent startup of Canada’s Trans Mountain oil pipeline, with LNG Canada set to ramp late this year, should provide “significant tidewater access” to boost near-term activity, according to the CEO of Calgary-based Precision Drilling Corp.  CEO Kevin Neveu laid out the near-term forecast for the international contract drilling expert during the recent quarterly conference…

May 1, 2024
Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness

Canadian Natural Gas Production Holds Strong, on Track for Record Year Despite Price Weakness

Natural gas production held near all-time highs through the first quarter in Canada, even as prices slumped following a mild winter that left supplies in storage at robust levels. That’s because producers are looking beyond near-term weakness and toward an anticipated jump in export demand, according to analysts. LNG Canada is slated to begin operations…

April 17, 2024
Canadian Natural Gas Supply Glut Hampers Prices – Yet Production Cuts Uncertain

Canadian Natural Gas Supply Glut Hampers Prices – Yet Production Cuts Uncertain

Canadian natural gas production and storage are both elevated heading toward shoulder season – much like in the United States – and bearish pressure on prices persists. There are hints that exploration and production (E&P) companies may pull back, following the lead of their Lower 48 brethren and creating the potential for supply/demand balance this…

March 11, 2024
Canada Officials See American LNG Export Freeze as ‘An Opportunity for Us’ 

Canada Officials See American LNG Export Freeze as ‘An Opportunity for Us’ 

The Biden administration’s pause on LNG export licenses may have opened the door for competing projects in Canada to gain ground after years of lagging behind. Canadian officials this month have been playing up their lower emission bonafides in the wake of their southern neighbor’s pause on licenses, in a bid to push for Canada’s…

February 28, 2024
Canada Natural Gas Activity Strengthening Ahead of LNG, Pipe Start-Ups, Says Precision CEO

Canada Natural Gas Activity Strengthening Ahead of LNG, Pipe Start-Ups, Says Precision CEO

Canadian energy market fundamentals are improving enough to support a “sustained period of elevated natural gas drilling,” particularly in the Western Canadian Sedimentary Basin, Precision Drilling Corp.’s chief said. While Lower 48 demand for drilling services by exploration and production (E&P) customers remains muddled, the picture is much clearer in Canada for the Calgary-based oilfield…

February 12, 2024
Canadian Natural Gas Market Mirrors United States – Plump Production, Stout Storage and Low Prices

Canadian Natural Gas Market Mirrors United States – Plump Production, Stout Storage and Low Prices

The state of Canada’s natural gas market largely reflects that of the United States: robust production, elevated storage levels and suppressed prices. To be sure, the Arctic blast in mid-January that briefly bolstered heating demand and caused wellhead freeze-offs that slowed production in the Lower 48 also gave the Canadian market a boost. Cash prices,…

February 6, 2024

LNG Canada On Track to Start Testing Facility in 2024 – The Offtake 

The first phase of the Shell plc-led 14 million metric tons/year (mmty) LNG Canada export project in Kitimat, British Columbia, is more than 85% complete, CEO Jason Klein said in a year-end update. The project is on track to start shipping LNG abroad in 2025.

December 14, 2023
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