In Canada, Oilprice dot com reports LNG Canada may begin producing liquefied natural gas for export as early as this weekend, with cooldown operations on the facility’s first processing train scheduled to finish between June 16 and 19, according to industry sources cited by Reuters. The $40 billion project would become Canada’s first operational LNG export terminal and the only one on North America’s Pacific coast.
Initial output will begin at partial capacity, with the first shipment expected in mid-July aboard the Gaslog Glasgow. Backed by Shell, Petronas, PetroChina, Mitsubishi, and Kogas, the terminal is designed to reach 14 million tonnes per annum once fully operational. Its location offers a transit time of less than two weeks to key Asian markets.
Shell CEO Wael Sawan cited pricing advantages as critical to the project’s competitiveness. “The AECO gas benchmark is at $0.71 per MMBtu, versus $3.75 at Henry Hub,” he said.
The project signals a shift in Canadian gas strategy, redirecting volumes historically bound for the U.S. toward global markets. Its emergence follows stalled LNG permitting in the U.S. and rising investment in Mexico, positioning Canada as a new Pacific supplier in the global gas trade.
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Category: Sustainable Marine Fuels
