11152018Thu
Last updateThu, 15 Nov 2018 4pm

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$14B LNG Project in Canada Approved

After years of delay, Shell has taken a final investment decision (FID) on LNG Canada, a major $14 billion liquified natural gas (LNG) project in Kitimat, British Columbia, Canada, in which Shell has a 40% working interest. With LNG Canada’s joint venture participants also having taken FID, construction will start immediately with first LNG expected before the middle of the next decade.

The project will initially export an estimated 14 million tons per year of LNG from two processing units in Kitimat and has the potential to expand to four trains in the future. 


Net Natural Gas Exports More Than Double in First Half

From January through June of 2018, net natural gas exports from the U.S. averaged 0.87 billion cubic feet per day (Bcf/d), more than double the average daily net exports during all of 2017 (0.34 Bcf/d). The U.S., which became a net natural gas exporter on an annual basis in 2017 for the first time in almost 60 years, has continued to export more natural gas than it imports for five of the first six months in 2018.

U.S. natural gas exports have increased primarily with the addition of new liquefied natural gas (LNG) export facilities in the lower 48 states. U.S. exports of LNG through the first half of 2018 rose 58% compared with the same period in 2017, averaging 2.72 Bcf/d. 

Permian Basin Has Power Supply Problem

“The Permian basin, which produces almost 4 million barrels per day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up,” Bloomberg is reporting.

“The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That’s enough to power about 280,000 U.S. homes. And providers say the draw is likely to triple again by 2022.” 

Interior Dept. Relaxes Offshore Regulations

The Bureau of Safety and Environmental Enforcement (BSEE) is rolling back offshore regulations put in place after the Deepwater Horizon disaster in 2010.

The amended rule “eliminates or changes some safety standards for when a well is producing oil or gas, such as requiring that independent third parties certify devices. Other changes involve when operators have to notify the government about beginning oil and gas production and what they have to report about equipment failures,” Reuters reports. 

New MA Plant Continues Solar Plus Storage Trend

ENGIE North America and Holyoke Gas & Electric (HG&E) have unveiled Massachusetts’ largest utility-scale energy storage system. ENGIE Storage Services (formerly Green Charge) will operate the three-megawatt GridSynergy system, which will be fully integrated into the largest community solar farm in the state at a location adjacent to the former Mt. Tom Power Station. The former coal and oil-fired generation facility, 90 miles west of Boston, operated for more than 50 years and ceased operation in 2014. 

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