International

Higher Natural Gas Prices, Winter Storm Give Oomph to U.S. Coal Generation, Says IEA

Higher Natural Gas Prices, Winter Storm Give Oomph to U.S. Coal Generation, Says IEA

The world’s thirst for electricity this year has led to an uptick in coal consumption and cut into U.S. natural gas consumption, according to the International Energy Agency (IEA). The global energy watchdog earlier this month said the world is getting back  to business following the depths of the pandemic, with energy demand rising quickly.…

July 20, 2021
Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

Canadian Heavyweights Launch CCUS, Financial Efforts as Carbon Tax Increase Looms

A rising Canadian carbon tax, scheduled to jump more than four-fold by 2030, has triggered a campaign by fossil fuel industry heavyweights to turn the greenhouse gas (GHG) emissions penalty into commercial opportunities. The efforts so far include TC Energy Corp., Pembina Pipeline Corp., Shell Canada Ltd., Canadian Imperial Bank of Commerce (CIBC), Sproule Associates,…

July 20, 2021
Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

Natural Gas Export Market Searching for Stability in the ‘Wild West’ of Carbon-Neutral Trading — LNG Spotlight

The nascent carbon-neutral liquefied natural gas (LNG) market is set to gain momentum this year as global buyers are increasingly concerned about their emissions footprints. The market is on track to quadruple this year, according to a recent report from FTI Consulting. The firm has tracked six carbon-neutral cargoes through April, compared to only five…

July 15, 2021
Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

Europe Boosts Targets for Renewables, Lower Carbon Fuels in GHG Reduction Plan

The European Commission has increased a proposed target for renewable energy development to help achieve a goal of cutting greenhouse gas (GHG) emissions in 2030 by 55% over 1990 levels. The commission’s proposal calls for renewables to make up 40% of the European Union (EU) energy mix by 2030, compared to a previous target of…

July 14, 2021
Chevron, Shell, Total Partner with GHGSat in Tackling Methane Leaks

Chevron, Shell, Total Partner with GHGSat in Tackling Methane Leaks

Chevron Corp., Royal Dutch Shell plc, and TotalEnergies SE are taking to the skies with Canada’s GHGSat as part of a year-long research project to detect offshore methane (CH4) leaks by satellite. The three supermajors are supporting the project by allowing six of their offshore facilities to be observed, including ones in the North Sea…

July 14, 2021
August Natural Gas Futures, Cash Prices Retreat Along With Weather, LNG Data

August Natural Gas Futures, Cash Prices Retreat Along With Weather, LNG Data

Natural gas futures on Tuesday slid lower, following forecasts for a pullback in weather-driven demand and lower liquefied natural gas (LNG) levels in the wake of maintenance work.   At A Glance: Forecasts call for lighter demand Maintenance work slows LNG exports Wildfires create another wrinkle in West Natural gas futures bounced back on Thursday, bolstered…

July 13, 2021
GNL Quebec Lining Up Supply for Eastern Canada’s Proposed Energie Saguenay LNG Project

GNL Quebec Lining Up Supply for Eastern Canada’s Proposed Energie Saguenay LNG Project

The pandemic delayed but failed to kill the $10.6 billion plan for Atlantic seaboard liquefied natural gas (LNG) exports from French Canada, according to project sponsor GNL Quebec Inc. Still, public health precautions that slowed preparations and regulatory review have postponed the target date for starting shipments by two years until late 2026, President Tony…

July 13, 2021
Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Global natural gas prices have turned volatile after a stretch of gains as traders watch variables in key markets from the United States to Asia.  In the United States, the Henry Hub prompt contract finally retreated early last week after a nine-day winning streak. However, it spiked again by nearly 10 cents last Thursday (July…

July 13, 2021
LNG Trading Continued to Drive Gas-on-Gas Competition Last Year, IGU Says

LNG Trading Continued to Drive Gas-on-Gas Competition Last Year, IGU Says

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF) increased last year, again taking share from deals linked to oil-indexed contracts, according to the International Gas Union (IGU).  Gas-on-gas (GOG) competition’s share of the global market last year reached 49.3%,…

July 8, 2021
Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

Alberta Taking Half-Stake in Oilsands Refinery to Reduce Tolling Costs

The Alberta government on Monday announced a C$825 million ($660 million) takeover of a 50% ownership share in Canada’s newest oilsands refinery near the provincial capital in Edmonton. North West Refining Inc. is to be paid C$425 million ($340 million) for its half-equity in the 79,000 b/d refinery north of Edmonton. North West also agreed…

July 6, 2021