Petronas Buys 25% Share of LNG Canada Project
Posted on May 31, 2018 in Canada & Mexico, Financing, Liquefaction, LNG Exports | Comments Off on Petronas Buys 25% Share of LNG Canada Project
LNG Canada has announced that Malaysia’s state-owned oil and gas company Petronas, through its wholly-owned entity, the North Montney LNG Limited Partnership, is buying a 25% share in LNG Canada’s proposed LNG export project at Kitimat, British Columbia. Once the deal is completed, LNG Canada’s ownership interests will be Shell at 40%, Petronas at 25%, PetroChina at 15%, Diamond LNG...
Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales
Posted on May 9, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales
Pieridae Energy Limited has announced that it has entered into a term sheet to negotiate a binding LNG sale and purchase agreement (SPA) to supply LNG to Europe from the second train of the proposed Goldboro liquefaction facility in Nova Scotia. Under the SPA term sheet with Pieridae, the unnamed offtaker will purchase up to 1 million tonnes per annum of LNG over a 10-year period...
LNG Canada Chooses Contractor
Posted on Apr 27, 2018 in Canada & Mexico, Liquefaction, LNG Exports | Comments Off on LNG Canada Chooses Contractor
Reuters reports that LNG Canada, a joint venture led by Royal Dutch Shell Plc, with partners PetroChina Co. Ltd., Korea Gas Corp. and Mitsubishi Corp., has chosen a joint venture between JGC Corp. and Fluor Corp. to do the final engineering, procurement and construction for the proposed LNG Canada terminal at Kitimat, British Columbia. A final investment decision on project is expected...
Canada’s First LNG Export Shipment Arrives in China
Posted on Dec 15, 2017 in Canada & Mexico, LNG Exports | Comments Off on Canada’s First LNG Export Shipment Arrives in China
FortisBC announced that its single ISO container shipment of LNG, the first LNG to be exported from Canada to China, arrived in China on Thursday. The LNG was produced at FortisBC’s Tilbury plant near Vancouver, British Columbia. According to the press release, since the LNG was shipped via container ship, bypassing receiving LNG terminals and regasification facilities, cost and...
Canada Makes First LNG Export to China
Posted on Nov 27, 2017 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Canada Makes First LNG Export to China
Reuters reports that Fortis BC has shipped a cargo of LNG to China, making it the first LNG cargo exported from Canada to China. According to the report, the relatively small cargo of approximately 17 tonnes of LNG was produced at FortisBC’s Tilbury plant near Vancouver, British Columbia, and shipped to China via containers loaded onto ships. The article notes that shipment by...
CNOOC Unit Cancels Proposed B.C. LNG Terminal
Posted on Sep 14, 2017 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on CNOOC Unit Cancels Proposed B.C. LNG Terminal
The Globe and Mail reports that Nexen Energy, partially owned by Chinese energy company CNOOC Ltd., has cancelled its proposed Aurora LNG export terminal project on Digby Island, British Columbia (B.C.) due to low LNG prices in Asian markets. The other owners of Aurora LNG are Japanese companies Inpex Corp., JGC Corp. and JOGMEC. According to the article, of the more than 20 LNG...