Overseas

The second-biggest Canadian contender to break into the overseas trade in liquefied natural gas (LNG) has picked a site for its entry in the long lineup of proposals to build export terminals on the Pacific Coast of British Columbia.

If ExxonMobil Corp. has its way, it could be exporting natural gas from the United States and Canada to overseas markets, after the supermajor on Wednesday filed for permission to export 30 million metric tons a year (mmty) of liquefied natural gas (LNG) from the west coast of British Columbia (BC).

Contact Exploration Inc. and Pieridae Energy Ltd. have created Pieridae Production LP (PPLP) to focus on natural gas exploration and production in support of Pieridae’s proposed Goldboro LNG Terminal in Guysborough, Nova Scotia. PPLP, which, at least initially, will rely on shale gas in the Frederick Brook Shale.

North American shale gas, particularly in the United States, has proven an energy cost-saving miracle for consumers who otherwise would be staring at prices three or four times higher, according to reports released Thursday by Toronto-based TD Group, the holding company for TD Bank.

EFL Overseas Inc. (EFLO) has acquired from Nahanni Energy Inc. additional rights and interests in the Liard Basin natural gas field and facilities in the Kotaneelee area of the Yukon Territory, the Houston-based company said.

U.S. shale gas supplies and pipeline exports have been drafted into playing backup for Canadian energy merchants’ plans to expand into overseas markets.

U.S. shale gas supplies and pipeline exports have been drafted into playing backup for Canadian energy merchants’ plans to expand into overseas markets.

China’s CNOOC Ltd. plans to buy Canada’s Nexen Inc. for US$27.50/share (about $15.1 billion) in cash in a deal to expand CNOOC’s overseas businesses and resource base and increase the capital available for development of Nexen assets, the companies said Monday.

Exporting U.S. energy supplies overseas to support growth in natural gas transportation in places like China and Korea makes no sense and hopefully will not happen, said Richard Kolodziej, president of NGVAmerica, the Washington, DC-based trade organization advocating vehicles powered by compressed natural gas (CNG) and liquefied natural gas (LNG).