Latest news with #LNGCanada
Yahoo
12 hours ago
- Business
- Yahoo
Petronas to deliver its first LNG Canada cargo to Japan's Toho Gas in July
TOKYO (Reuters) -An executive from Malaysian state energy firm Petroliam Nasional said on Friday that the first cargo from its portion of supply from the LNG Canada project will be delivered to its customer, Japanese city gas provider Toho Gas, in July. Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas' vice president of LNG marketing and trading, also said that the company's third floating LNG project is set to commence production in 2027.
Reuters
12 hours ago
- Business
- Reuters
Petronas to deliver its first LNG Canada cargo to Japan's Toho Gas in July
TOKYO, June 20 (Reuters) - An executive from Malaysian state energy firm Petroliam Nasional said on Friday that the first cargo from its portion of supply from the LNG Canada project will be delivered to its customer, Japanese city gas provider Toho Gas, in July. Speaking at an energy conference in Tokyo, Shamsairi Ibrahim, Petronas' vice president of LNG marketing and trading, also said that the company's third floating LNG project is set to commence production in 2027.
Calgary Herald
12 hours ago
- Business
- Calgary Herald
Varcoe: On eve of new era for Canadian energy exports, Keyera CEO welcomes Ottawa's push to fast-track major projects
Article content 'Bill C-5 is a necessary condition to jump-start the investment in our country, but it's not going to be sufficient to change the investment climate overall,' Premier Danielle Smith told reporters Wednesday in Lloydminster. Article content 'If I understand where the prime minister is attempting to go, if he very soon is able to announce a project list that has 20 or more substantial projects on it . . . that would send a pretty big message to the world about the direction that we're going.' Article content Alberta wants to double oil and gas production over time, but new energy infrastructure, such as LNG terminals or pipelines to transport oil and gas to tidewater for export, will be required and significant investment will be needed. Article content The Trans Mountain expansion (TMX) project, which moves more Alberta oil to the British Columbia Coast, was purchased by the federal government to get it completed, and ran massively over budget. Article content Article content Yet, TMX began commercial operations last year, securing new customers for Canadian crude oil in Asia. With the imminent startup of the colossal LNG Canada development, the country is on the precipice of a shift, exporting oil and gas to countries other than the United States. Article content 'It is really, truly momentum,' Tristan Goodman, president of the Explorers and Producers Association of Canada, said Thursday. Article content The LNG Canada development is expected to ramp up in the coming weeks — a Reuters report on Wednesday suggested it could produce LNG as soon as this weekend — although project officials said it remains on track to load first cargoes by the middle of the year. Article content Article content TC Energy CEO François Poirier said Bill C-5 isn't perfect, but represents a step forward to 'get back into the business of big nation-building projects,' and it will enhance energy security. Article content Article content 'If Canada is to become an energy superpower, there must be action now,' he said in a statement earlier this week. Article content The bill will give the federal government the ability to proceed quickly on major projects, but Ottawa will determine which ones are of national importance, noted Goodman. Article content 'It means government will be picking winners and losers on projects, which is never a great place to be,' he said. Article content 'But out of the options available, we're initially, reasonably positive.'
Reuters
2 days ago
- Business
- Reuters
Canada could produce first LNG by this weekend, sources say
HOUSTON, June 18 (Reuters) - Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful of Canadian LNG projects to begin production, will be the first LNG 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. "We began cooling down Train 1 on Monday and as long as there is no unforeseen difficulty we expect to produce LNG six days from Monday. So I would say between Saturday and Sunday we can expect first LNG," one of the people familiar with the startup told Reuters. Cooldown of Train 1 is expected to continue until Thursday June 19 and extensive flaring is expected, LNG Canada told staff in a memo last Friday. First LNG will be produced from Train 1, with first LNG cargoes by the middle of this year, LNG Canada told Reuters on Tuesday. Only a portion of the processing plant will be operating this weekend, according the two sources. Train 1 which has a capacity of 6.5 mtpa, or half of the total output of LNG Canada, has had difficulties with one of its lines and it will only produce at half its capacity until it is able to solve the problem, one of the two sources told Reuters. LNG Canada did not comment on the production challenges. LNG tanker Gaslog Glasgow is on its way to 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 people said. It is now seven years since the partners, Shell Plc (SHEL.L), opens new tab, Petronas ( opens new tab, ( opens new tab, PetroChina ( opens new tab, Mitsubishi Corporation ( gave the project a financial go ahead. Once LNG Canada 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 and will sell more to other countries. For now, the U.S. is the only outlet for Canadian gas. Canada exported about 8.6 billion cubic feet per day (bcfd) 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.
Yahoo
2 days ago
- Business
- Yahoo
Canada could produce first LNG by this weekend, sources say
By Curtis Williams HOUSTON (Reuters) -Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday. The facility, the first of a handful of Canadian LNG projects to begin production, will be the first LNG 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. "We began cooling down Train 1 on Monday and as long as there is no unforeseen difficulty we expect to produce LNG six days from Monday. So I would say between Saturday and Sunday we can expect first LNG," one of the people familiar with the startup told Reuters. Cooldown of Train 1 is expected to continue until Thursday June 19 and extensive flaring is expected, LNG Canada told staff in a memo last Friday. First LNG will be produced from Train 1, with first LNG cargoes by the middle of this year, LNG Canada told Reuters on Tuesday. Only a portion of the processing plant will be operating this weekend, according the two sources. Train 1 which has a capacity of 6.5 mtpa, or half of the total output of LNG Canada, has had difficulties with one of its lines and it will only produce at half its capacity until it is able to solve the problem, one of the two sources told Reuters. LNG Canada did not comment on the production challenges. LNG tanker Gaslog Glasgow is on its way to 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 people said. It is now seven years since the partners, Shell Plc, Petronas, PetroChina, Mitsubishi Corporation gave the project a financial go ahead. Once LNG Canada 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 and will sell more to other countries. For now, the U.S. is the only outlet for Canadian gas. Canada exported about 8.6 billion cubic feet per day (bcfd) 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.
