Exporting

In March MDN brought you information from the Toronto Financial Post that said the Ukrainian crisis has put two East Coast Canada LNG export facilities “back on the map” (see Ukraine Crisis Injects New Life into East Coast Canada LNG Exports). There are actually five proposed LNG export facilities announced for the Canadian East Coast. In April we brought you details for all five (see Of Canada’s 5 East Coast LNG Export Projects, Will Any Get Built?). Earlier this week, German Chancellor Olaf Scholz spoke to Canadian Prime Minister Justin Trudeau about Germany buying LNG from Canada. One of the five East Coast projects, in particular, seemed to be the focus of their discussion.
Read More “One of Five Canadian East Coast LNG Export Projects Leads the Pack”

The Group of Seven (G-7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. G-7 countries are the world’s largest democratic (freely elected) economies, representing roughly half of the world’s wealth (but only 10% of the world’s population). President Biden and the leaders of the other G-7 countries had a confab yesterday in Germany and issued a joint communique (copy below) that says, in part, it’s OK to invest in natural gas and LNG infrastructure.
Read More “G-7 Nations Issue Statement Supporting Investments in LNG, NatGas”

President Biden began a five-day “swing” through Europe on Sunday. Yesterday he met with European Commission President Ursula von der Leyen to discuss energy security in light of Putin’s invasion of Ukraine. European countries are in various stages of reducing the import of Russian natural gas and oil, which is leading to upheaval in the world market. Biden and von der Leyen issued a joint statement following their meeting (pre-written, of course). What does the statement say about energy and LNG in particular?
Read More “Biden Promises More, and Cleaner, U.S. LNG for Europe”

Two weeks ago the second-largest LNG export terminal in the U.S., Freeport LNG located near Galveston, Texas, experienced an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). Initially, Freeport officials said the plant and its 2 Bcf/d of LNG production would be offline for “at least” three weeks. Last week we got the bad news that Freeport will be offline until September, at which time it may partially return to service. Full service at Freeport is not expected until the end of the year (see NYMEX NatGas Down 20% in Single Day on Freeport LNG Bad News). Until now we thought the explosion was just an accident or random equipment failure. However, credible sources are suggesting the explosion may have been caused by Russian hackers.
Read More “Did Russian Cyberattack Cause Freeport LNG Explosion & Fire?”

In years gone by arrogant Europeans turned their noses up to American “fracked” LNG (see France Blocks $7 Billion U.S. LNG Deal as “Too Dirty”). When Vladimir Putin launched his unprovoked war against Ukraine in February of this year, snobby European attitudes changed overnight (see US LNG Heading to Europe Spikes from 30% to 70% Last 2 Months). Now Europe can’t get enough of our “fracked” natural gas. Europe is a pretty big place. Which countries are we talking about? Who imports our LNG, and how does it get to them–especially if they are landlocked?
Read More “Snapshot of LNG in Europe – Who Imports, Where, Pipes that Flow It”

We spotted news that the country of Ukraine, under attack by Russia, has cut a deal (a memorandum of understanding) with Canada’s Symbio Infrastructure to import LNG and green hydrogen. Symbio is building a 10.5 million mt/year LNG export facility in Quebec and will export the LNG and H2 from there. Wait just a minute…Quebec (the province) recently passed a new law outlawing all oil and natural gas production throughout the province (see Quebec Pulls Trigger & Commits Energy Suicide – Bans All O&G Prod.). So where, exactly, will Symbio get the gas it needs to liquefy and then float on ships out the St. Lawrence River to the Atlantic Ocean and over to Europe?
Read More “Ukraine Deal to Import LNG from Quebec – Which Banned All O&G Wells”