The Ksi Lisims LNG export project backed by natives and proposed for Canada’s northern Pacific coast has cleared its second regulatory hurdle by qualifying for a British Columbia (BC) government approval process. The BC Environmental Assessment Office (BCEAO) said last week it would review the plan by the Nisga’a Nation, Rockies LNG LP and Western…
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Qilak LNG Still Sees Quicker Path to Alaska LNG Exports With Smaller, $5B Project
Qilak LNG is pushing ahead with a plan to invest $5 billion to develop a liquefied natural gas export terminal offshore Alaska that management believes can better compete for Asian demand with PAO Novatek’s Yamal facility in Russia. As offtakers in the Far East are looking to diversify supplies, Qilak plans to differentiate itself from…
U.S. Natural Gas Demand Outpaced Supply in 2022, Says FERC
U.S. LNG exports rose by 8.6% year/year to average 10.6 Bcf/d in 2022, with demand growth driven by European markets seeking a substitute for Russian supply, according to FERC. Coincidentally, the figure for net exports of natural gas overall – including liquefied natural gas and pipeline exports – also was 10.6 Bcf/d, up slightly from…
Decarbonizing Transportation Via Natural Gas-Derived Ammonia Set to Disrupt Maritime Sector
Amogy, a Brooklyn-based startup company, has found a way to use ammonia to power the world’s first zero-emissions tugboat. This announcement comes after the company successfully powered a semi-truck. In an interview with NGI, CEO Seonghoon Woo talked about how using ammonia could decarbonize transportation. “Beyond its incredible energy density and liquid phase at an…
Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap
Global natural gas prices continued falling Monday, picking up where they left off last week amid warmer weather, ample supplies and turmoil in the banking sector that has weighed on commodities. In Europe, the May Title Transfer Facility (TTF) contract fell 13% last week. It gave up another 8% on Monday and closed at its…
Dunkerque LNG Restarts, but Strikes Continue at Other French LNG Import Terminals
Operations restarted at the Dunkerque LNG import terminal in Western France on Friday more than a week after labor strikes brought flows from the facility to a minimum. Workers at the terminal on Thursday decided to end a strike at the plant that started March 7, a Fluxys spokesperson told NGI. The Brussels-based company operates…
North American Natural Gas Prices Hover Around $2.50 Amid Financial System Wobbles – Mexico Spotlight
North American natural gas futures ended a two-day losing streak on Thursday. The April New York Mercantile Exchange natural gas futures contract gained 7.5 cents day/day and settled at $2.514/MMBtu. May advanced 8.0 cents on the day to $2.626. NatGasWeather analysts said, “It’s been difficult to pinpoint the primary drivers of prices this week with…
Natural Gas Buyers – at Home and Abroad – Looking to Compete with Certified Supply, Says MiQ CEO
More U.S. upstream operators are working to verify the methane emissions of their natural gas, and business is expected to strengthen as choosy buyers, particularly in Europe, choose independently certified gas. Methane, the primary component of natural gas, accounts for about 20% of the global anthropogenic greenhouse gas emissions. The natural gas sector emits a…
Shell CEO Says Natural Gas and Oil Key to Future, with Demand Rising
Shell plc is not going to determine how quickly the energy transition happens, but there is a role going forward for natural gas and oil, the CEO said last week. CEO Wael Sawan, who took the helm in January from long-time chief Ben van Beurden, spoke at CERAWeek by S&P Global in Houston. Asked if…
U.S. Crude Production Steady But Off 2023 Peak; Russia Pulls Back
American exploration and production firms’ (E&P) continued to drive oil output at strong levels over the last two weeks, though activity slipped from the highs of the year. E&Ps generated 12.2 million b/d for the week ended March 10, even with the prior week, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status…