Woodfibre

BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024

BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024

BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.  Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in…

May 8, 2024

Egypt Boosts LNG Import Capacity with FSRU Charter – The Offtake

A roundup of news and commentary from the global gas market Egypt has secured a floating storage and regasification unit from Höegh LNG Holdings Ltd. to secure more natural gas imports to the energy-hungry country as the outlook for its exports to the global market dims. Egyptian Natural Gas Holding Co. has brokered a deal…

May 2, 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
BP Claims All Natural Gas Offtake from Canada’s Woodfibre LNG in Latest Agreement

BP Claims All Natural Gas Offtake from Canada’s Woodfibre LNG in Latest Agreement

Pacific Energy Corp. Ltd.’s Woodfibre LNG project in Western Canada is fully subscribed after the latest agreement with BP plc, according to the company. BP has inked a third sales and purchase agreement for 15 years of offtake on a free-on-board basis from the export project in British Columbia, covering a combined 1.95 million metric…

September 5, 2023
BC Regulators Ease Construction Restrictions at Woodfibre LNG Project Site

BC Regulators Ease Construction Restrictions at Woodfibre LNG Project Site

Famously curious seals and sea lions will be able to inspect construction of the Woodfibre LNG export terminal under construction in British Columbia (BC) without forcing work to stop as a result of a regulation change. The BC Environmental Assessment Office (BCEAO) has relaxed a noise restriction on the plant site near Vancouver that was…

August 15, 2023
Alberta, BC Pursuing GHG Reduction Credits for Canadian LNG Exports

Alberta, BC Pursuing GHG Reduction Credits for Canadian LNG Exports

The Alberta and British Columbia (BC) governments have set out to gain formal, international greenhouse gas (GHG) reduction credits for exporting LNG as a replacement for coal and oil in other countries. Alberta Premier Danielle Smith last week told attendees of the International Gas Union’s LNG2023 conference in Vancouver that she has begun talks with…

July 18, 2023
Enbridge Expanding Natural Gas Storage, Pipeline Empire as North American Exports Grow

Enbridge Expanding Natural Gas Storage, Pipeline Empire as North American Exports Grow

Enbridge Inc. is advancing multiple expansion projects on its vast North American natural gas network ahead of expected growth in LNG and pipeline exports from the continent. During a call to discuss first quarter earnings, CEO Greg Ebel highlighted the recently announced acquisition of a 93.8% controlling interest in the Aitken Creek natural gas storage…

May 10, 2023
Pushed by Global Energy Crisis, Canadian LNG Projects Inch Forward

Pushed by Global Energy Crisis, Canadian LNG Projects Inch Forward

After more than a decade-long surge in activity, Canada has fallen behind in the North American LNG export race despite a bevy of proposed projects, but with the winds of a global energy crisis at their backs, some facilities are now moving forward or even nearing completion. Since 2011, 24 liquefied natural gas export and…

May 9, 2023
Enbridge to Expand Westcoast Natural Gas System as Montney Output, LNG Prospects Grow

Enbridge to Expand Westcoast Natural Gas System as Montney Output, LNG Prospects Grow

Natural gas transportation from the Montney Shale is topping Enbridge Inc.’s pipeline agenda in northern British Columbia (BC) where a slate of projects on the Westcoast Energy system could add capacity for 800 MMcf/d  After shippers over-subscribed an open season for transport service, Enbridge plans to proceed on a 300 MMcf/d addition to the southern…

November 7, 2022
Enbridge Grabs Stake in Canada’s Woodfibre, Progresses LNG Exposure Strategy

Enbridge Grabs Stake in Canada’s Woodfibre, Progresses LNG Exposure Strategy

As the role of LNG exports looms larger, Enbridge Inc. agreed to invest in a potential Canadian project and continue to pair its extensive natural gas networks with terminal projects. Calgary-based Enbridge increased its market share of natural gas transportation to cover 20% of the volumes exported from North America. CEO Al Monaco said the…

August 1, 2022
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