Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Enbridge in talks with natural gas producers about Canadian LNG conduit

10.02.2013  | 

Royal Dutch Shell, Chevron, BG Group and Cnooc are among international energy companies proposing or considering liquefied natural gas export projects in Western Canada, including pipelines across British Columbia’s mountains to link gas supplies in shale formations to Pacific Coast facilities.

Keywords:

By JEREMY van LOON
Bloomberg

Enbridge, Canada’s largest oil transporter, is talking with natural gas producers in British Columbia about building a pipeline to carry supplies to the coast where they will be exported to Asia.

"We’re pretty bullish on the whole area of natural gas,” CEO Al Monaco said in a briefing with journalists today from Toronto. “What you find is a big disconnect between North American pricing and global pricing.”

Royal Dutch Shell, Chevron, BG Group and Cnooc are among international energy companies proposing or considering liquefied natural gas export projects in Western Canada, including pipelines across British Columbia’s mountains to link gas supplies in shale formations to Pacific Coast facilities.

ExxonMobil, the world’s largest energy company by market value, asked Canada in June for permission to export 30 million tpy of LNG from the nation’s westernmost province of British Columbia.

Monaco didn’t provide details on the talks or the names of producers.

Japan paid an average price of $15.74/MMBtu for LNG in July, according to data from LNG Japan. That compares with an average of about $3.64/MMBtu for US natural gas futures traded in New York.

Calgary-based Enbridge has C$36 billion ($35 billion) worth of projects through 2017, Monaco said today at an investor meeting in Toronto. The company sees natural gas and power projects making up a larger share of Enbridge’s business, he said.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT



Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


70%

30%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.