From Coal To Gas And Back: How Europe Is Easing Its Energy Crisis

From Coal To Gas And Back: How Europe Is Easing Its Energy Crisis

Last year in November, the UK, together with key partner Italy, hosted the COP26 climate summitan event many believed to be the world’s best last chance to get runaway climate change under control. A key outcome of the summit was that dozens of nations pledged to end deforestation, curb CO2 and methane emissions and also … Read more

Global Thirst For Natural Gas Triggers Middle East Spending Spree

Global Thirst For Natural Gas Triggers Middle East Spending Spree

The world’s top oil exporting region, the Middle East, is looking to boost natural gas production and exports as global and local gas demand is set to grow in the coming years. Qatar, one of the world’s largest exporters of liquefied natural gas (LNG), has been the gas leader in the Middle East for years, … Read more

How China Could Send LNG Prices Into The Stratosphere

How China Could Send LNG Prices Into The Stratosphere

China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change … Read more

Enbridge to acquire 30 per cent stake in Woodfibre LNG in BC

Enbridge to acquire 30 per cent stake in Woodfibre LNG in BC

Enbridge Inc. logo on display at the company’s annual meeting in Calgary, Thursday, May 12, 2016. THE CANADIAN PRESS/Jeff McIntoshJeff McIntosh/The Canadian Press Enbridge Inc. ENB-T is investing US$1.5-billion for a 30-per-cent stake in the Woodfibre LNG terminal in British Columbia, hoping to bolster the long-delayed project that needed a deep-pocketed investor to help export … Read more

Cost estimate for Coastal GasLink pipeline soars 70 per cent to $11.2-billion

Cost estimate for Coastal GasLink pipeline soars 70 per cent to .2-billion

The estimated cost of the Coastal GasLink natural gas pipeline in northern British Columbia has soared 70 per cent to $11.2-billion, but operator TC Energy Corp. says it’s optimistic about completing construction on the project by the end of 2023. The project previously carried a price tag of $6.6-billion for the 670-kilometre pipeline, which is … Read more

The Companies Taking Advantage Of America’s LNG Boom

The Companies Taking Advantage Of America’s LNG Boom

Over the past few years, dozens of US midstream companies have set their sights on natural gas pipelines and export terminals as the US natural gas and LNG explode markets while crude oil pipeline capacity continues to exceed production. Natural gas projects are expected to be the fastest growing pipeline sector as production rises and … Read more

Long Term LNG Contracts Are The Future For Natural Gas Markets

Long Term LNG Contracts Are The Future For Natural Gas Markets

Several years ago, the leaders of the European Union sat back contentedly and watched the spot market for the natural gas they had put so much effort into working like a well-oiled machine. Gas was cheap and there was plenty of it to go around. Then, all of a sudden, things changed dramatically. The spot … Read more

Soaring US Production Can’t Keep LNG Prices In Check

Soaring US Production Can’t Keep LNG Prices In Check

Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday’s session, good for a nearly 70% climb in the year-to-date. The natural gas rally has come mainly thanks to Russia’s war on Ukraine, which has supercharged the American LNG boom. Europe has displaced Asia as the top destination for US LNG, and now … Read more

Energy Security Trumps Climate As EU Agrees To Pipeline Expansion

Energy Security Trumps Climate As EU Agrees To Pipeline Expansion

The European Commission and the Azeri government have sealed a preliminary deal for expanding the Trans-Adriatic Pipeline that brings Azeri gas into Europe as part of the EU’s efforts to reduce its dependence on Russian gas. “The Sides aspire to support bilateral trade of natural gas, including through exports to the European Union, via the … Read more