LNG Canada produces first liquefied natural gas for export, sources say
HOUSTON, June 22 (Reuters) - The Shell-led (SHEL.L), opens new tab LNG Canada project has produced the first liquefied natural gas for export from its facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Sunday.
"At 4 a.m. local time LNG Canada started producing its first LNG," one of the sources told Reuters.
The facility is the first large-scale Canadian LNG project to begin production and also the first major facility in North America with direct access to the Pacific coast, significantly reducing sail time to Asian markets.
When fully operational it will have a capacity to export 14 million metric tonnes per annum (mtpa), according to company statements.
LNG Canada did not immediately respond to a request for comment.
The super-chilled gas is being produced from the facility's Train 1, which has capacity of 5.6 mtpa, and the first LNG cargo is expected to be shipped by the beginning of July, the two sources said.
Only a portion of the processing plant is operating, according to the two people. Train 1 has had difficulties with one of its lines and will only produce at half its capacity until the problem is solved, one of the sources said.
LNG tanker Gaslog Glasgow is approaching LNG Canada's Kitimat port, according to LSEG ship tracking data. The vessel is expected to arrive on June 29 and will be loaded with LNG, the sources said.
The LNG Canada project is a joint venture between Shell Plc (SHEL.L), opens new tab, Petronas (PGAS.KL), opens new tab, PetroChina (601857.SS), opens new tab, Mitsubishi Corporation (8058.T), opens new tab and Kogas (KVGG.LJ), opens new tab.
Once the facility enters service, Canadian gas exports to the U.S. will likely decline, traders said, as Canadian energy firms will have another outlet for their fuel. For now, the U.S. is the only outlet for Canadian gas.
Canada exported about 8.6 billion cubic feet per day of gas via pipelines to the U.S. in 2024, up from 8.0 bcfd in 2023 and an average of 7.5 bcfd over the prior five years (2018-2022), according to data from the U.S. Energy Information Administration. That compares with a record 10.4 bcfd in 2002.
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US 'Cheerios' 2000 Sacagawea Dollar - £22,070 10 In 2000, "Sacagawea" dollar coins were struck and put into circulation as part of a marketing promotion with cereal company General Mills. The pieces were added to boxes of Cheerios cereal. However, in 2005 it was discovered that around 5,500 of the coins were early strikes with "experimental" tail feathers on one side, different to those ultimately issued for general circulation. One of the coins has been known to sell for $30,000 (£22,175) previously. 1943 Copper Cent - £275,182 Branded the "Holy Grail" of rare circulated coins, the 1943 "Wheat Cent" is worth a small fortune. The coin was originally designed to be made out of steel, but around 40 were struck on copper blanks for the Federal Mints in Philadelphia, San Francisco and Denver. Since their release, some have turned up in cafeterias and bubblegum machines. 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However, these pieces never actually surfaced with mintage records believed to be wrong. It is thought only one of this type of coin has ever surfaced making it worth a hefty amount. The last time this unique coin sold was for more than AU$10,000 (£4,819). How to sell a rare coin You've got three main options: in auction, on eBay or on Facebook Marketplace. The safest way to sell a rare coin is more than likely at auction. If you are selling on eBay, make sure you list the coin's price accurately. You can do this by checking how much other sellers have sold the same piece for. Finally, you can sell on Facebook Marketplace, but be wary of scammers trying to get you to transfer money to dodgy accounts. It can be easier to meet buyers in person and get cash for your coin, but only in daylight and in a public place. In any case, if you're selling on eBay or Facebook, decent pictures will help the coin sell for the best price.
