Pipelines

[Kirkhill]

And further "decarbonization" of hydrocarbons

‘Landmark order’: Union Maritime adds large-scale wind propulsion to tanker newbuildings

Two more LR2 tanker newbuildings will be fitted with fuel-saving WindWings

www.tradewindsnews.com

 

[Kirkhill]

As Carney hunts for nation-building projects, don't expect the Mackenzie Valley pipeline to be revived: experts - iPolitics

While the territorial and federal governments haven't ruled out a new line in the Mackenzie River valley, Andrew Leach, an energy economist, said changes in the natural gas market give a new northern pipeline "zero chance" of being economically viable.

www.ipolitics.ca

Andrew Leach, an energy and environmental economist at the University of Alberta, said changes in the natural gas market give a new northern pipeline “zero chance” of being economically viable moving forward.

“It’s all gas markets,” he said in an interview. “If you go back to when the project was proposed, we were expecting to be an LNG (liquefied natural gas) importer. In 2006 or 2007, we had natural gas prices that were double digits, and people were expecting that we would be the highest-priced gas market in the world.”

“So, at that point, you’re hunting for anything that would allow for cheaper natural gas. I read that if you had $9 natural gas in Alberta, you could make that project work. Right now, we’re at $3 or $4 natural gas in Alberta, and at some points last year we had $2 gas, so I just don’t think it makes that list.”

The Mackenzie Valley pipeline was predicated on getting Beaufort Sea Gas to Alberta for furtherance to the US.

Worth Zero dollars in the Beaufort it could be sold for 9 to 10 dollars in the Alberta market.
Now the Alberta Market is only worth 2 to 4 dollars.

But

The price in Japan is 10 to 12 dollars.

Maybe the pipeline needs to built to move product from Alberta to Tuktoyaktuk instead of the other way round.

 

[Czech_pivo]

As Carney hunts for nation-building projects, don't expect the Mackenzie Valley pipeline to be revived: experts - iPolitics

While the territorial and federal governments haven't ruled out a new line in the Mackenzie River valley, Andrew Leach, an energy economist, said changes in the natural gas market give a new northern pipeline "zero chance" of being economically viable.

www.ipolitics.ca

The Mackenzie Valley pipeline was predicated on getting Beaufort Sea Gas to Alberta for furtherance to the US.

Worth Zero dollars in the Beaufort it could be sold for 9 to 10 dollars in the Alberta market.
Now the Alberta Market is only worth 2 to 4 dollars.

But

The price in Japan is 10 to 12 dollars.

Maybe the pipeline needs to built to move product from Alberta to Tuktoyaktuk instead of the other way round.

Price in Europe has been even higher.

And with the EU stating that they are committing themselves to be off Russian Nat Gas, that market is ours to lose.....

 

[Kirkhill]

Those two Algoma oil tankers cost Irvinegand Algoma jointly 127 MCAD for the pair. Built in S Korea by Hyundai and chartered to Irving.

Two new eco-friendly ice-class tankers ordered by Algoma

green-marine.org

Algoma takes delivery of 37,000DWT product tanker

Canadian shipping company Algoma Central Corporation has taken delivery of the first vessel in a new series of two product tankers.Algoma East Coast will servic

www.bairdmaritime.com

Algoma Central Corporation and Irving Oil Welcome New Tanker Vessels to Fuel Energy Deliveries

Detailed price information for Algoma Central (ALC-T) from The Globe and Mail including charting and trades.

www.theglobeandmail.com

LNG tankers, with all their pressure vessels, refrigeration systems and insulation are much more expensive.

Ice strengthening doesn't seem to add prohibitively to the cost of a vessel.

 

[Kirkhill]

Market?

US LNG producers soar as EU agrees to $250 billion in annual purchases | BOE Report

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped...

boereport.com

I wonder how much of that is going to be Alberta gas.

 

[daftandbarmy]

Market?

US LNG producers soar as EU agrees to $250 billion in annual purchases | BOE Report

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped...

boereport.com

I wonder how much of that is going to be Alberta gas.

 

[Kirkhill]

At least 11 of them.

 

[Kirkhill]

Egypt looking for LNG

https://www.bloomberg.com/news/articles/2025-07-29/egypt-plans-more-lng-deals-driving-global-competition-for-fuel?embedded-checkout=true

Indonesia looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/040925-indonesia-explores-start-of-lng-imports-from-q3-or-q4-2025-skk-migas-head

S Korea looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/060425-south-koreas-lng-demand-set-to-rise-as-new-president-prioritizes-renewables

Japan looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/060425-south-koreas-lng-demand-set-to-rise-as-new-president-prioritizes-renewables

EU looking for LNG

U.S. LNG producers soar as EU agrees to US$250 billion in annual purchases

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase US$750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact.

www.ctvnews.ca

....

Australian supply tightening

East coast gas supply outlook worsens July to September 2025, but forward longer-term prices ease

The ACCC is predicting gas supply in the east coast gas market could fall short by 9 petajoules (PJ) in the period July to September 2025, if LNG producers export all their uncontracted gas, according to its updated assessment.

www.accc.gov.au

 

[Rifleman62]

I wonder how much of that is going to be Alberta gas.

That is the plan. Buy cheap and export at a higher price.

 

[Colin Parkinson]

That is the plan. Buy cheap and export at a higher price.

The US depends on that supply of cheap Canadian NG. Once we start exporting ourselves, then they must either extract more themselves or reduce exports.

 

[daftandbarmy]

Despite the hype, currently, there is comparatively little LNG (from Alberta or elsewhere) being produced by Canada.

It will take about 10 years to get 'up and running' in a way that can compete with other countries who've been producing it for decades.

These guys say 'big wins by 2028', but alot of the media hype is targeting the investment community. The usual political realities are the big unknown quantity here, especially in BC...

North American LNG production to double by 2028: report

BC. LNG projects to account for 22 per cent of new North American production

www.biv.com

 

[Kirkhill]

Revitalized investor interest in Canadian energy? Tightening US inventory?

U.S. companies, investors 'kicking tires' and quietly shopping in Canada's oilpatch

Interest spikes 'dramatically' as top-tier drilling prospects south of the border become harder to find

ca.finance.yahoo.com

 

[Kirkhill]

Despite the hype, currently, there is comparatively little LNG (from Alberta or elsewhere) being produced by Canada.

It will take about 10 years to get 'up and running' in a way that can compete with other countries who've been producing it for decades.

These guys say 'big wins by 2028', but alot of the media hype is targeting the investment community. The usual political realities are the big unknown quantity here, especially in BC...

North American LNG production to double by 2028: report

BC. LNG projects to account for 22 per cent of new North American production

www.biv.com

The big issue is that there is already tidewater access for Canadian natural gas. Unfortunately it is all through the US. The fastest way to make more money is to sell more gas into that system at higher prices...and encourage growth of our domestic network to multiple ports for conversion to both LNG and CNG.

That could require a combination of carrots and sticks... better regulations and better dealmaking. First is a sense that Canada wants to develop its resources and profit from them. That has been absent for 10 years.

If we want higher prices from the Americans we can offer more future opportunity.

 

[Kirkhill]

https://www.mining.com/finland-reclaims-mining-crown-as-canada-loses-ground/

Related?

 

[Czech_pivo]

Egypt looking for LNG

https://www.bloomberg.com/news/articles/2025-07-29/egypt-plans-more-lng-deals-driving-global-competition-for-fuel?embedded-checkout=true

Indonesia looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/040925-indonesia-explores-start-of-lng-imports-from-q3-or-q4-2025-skk-migas-head

S Korea looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/060425-south-koreas-lng-demand-set-to-rise-as-new-president-prioritizes-renewables

Japan looking for LNG

https://www.spglobal.com/commodity-insights/en/news-research/latest-news/lng/060425-south-koreas-lng-demand-set-to-rise-as-new-president-prioritizes-renewables

EU looking for LNG

U.S. LNG producers soar as EU agrees to US$250 billion in annual purchases

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase US$750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact.

www.ctvnews.ca

....

Australian supply tightening

East coast gas supply outlook worsens July to September 2025, but forward longer-term prices ease

The ACCC is predicting gas supply in the east coast gas market could fall short by 9 petajoules (PJ) in the period July to September 2025, if LNG producers export all their uncontracted gas, according to its updated assessment.

www.accc.gov.au

The EU holds the best outcome - population of 450m who are our friends and want to be rid of Russia.
The reality is that Canada has the worlds largest confirmed NG supplies and we need to get off our asses and start to make some serious coin off of this.
The Norwegians have made hand over fist buckets of oil money and they are a ‘green’ country. We can have our cake and eat it to.

 

[QV]

The EU holds the best outcome - population of 450m who are our friends and want to be rid of Russia.
The reality is that Canada has the worlds largest confirmed NG supplies and we need to get off our asses and start to make some serious coin off of this.
The Norwegians have made hand over fist buckets of oil money and they are a ‘green’ country. We can have our cake and eat it to.

Canada could indeed. But Canadian voters need to elect a government that will actually do this and not the opposite. I don't only blame the voters, there is a strong corrupt media force that influences electoral outcomes. Who wins the information war is who wins in the end.

 

[YZT580]

Canada could indeed. But Canadian voters need to elect a government that will actually do this and not the opposite. I don't only blame the voters, there is a strong corrupt media force that influences electoral outcomes. Who wins the information war is who wins in the end.

Too true! The EPA has changed their endangerment finding re: CO2 which serves to negate all the constraints on fossil fuels in the states. You might think that this was newsworthy. The original ruling certainly was yet there is nary a word mentioned on Global although climate change shows up at least a dozen times in the last couple of days: all warnings of catastrophe by the way.

 

[QV]

Too true! The EPA has changed their endangerment finding re: CO2 which serves to negate all the constraints on fossil fuels in the states. You might think that this was newsworthy. The original ruling certainly was yet there is nary a word mentioned on Global although climate change shows up at least a dozen times in the last couple of days: all warnings of catastrophe by the way.

This is how you know it's not about "climate change" but rather some other interest... probably money.

 

[Kirkhill]

Floating LNG

Floating LNG Becomes Superstar in Global Gas Markets | OilPrice.com

Once dismissed as costly and unreliable, FLNG is now one of the fastest-growing segments in the gas industry

oilprice.com

New build in 2.85 years. 1000 USD per tonne, 500 USD per tonne if starting with a repurposed LNG carrier.

 

[Kirkhill]

Too true! The EPA has changed their endangerment finding re: CO2 which serves to negate all the constraints on fossil fuels in the states. You might think that this was newsworthy. The original ruling certainly was yet there is nary a word mentioned on Global although climate change shows up at least a dozen times in the last couple of days: all warnings of catastrophe by the way.

Missed that one entirely. Excellent catch.

EPA Releases Proposal to Rescind Obama-Era Endangerment Finding, Regulations that Paved the Way for Electric Vehicle Mandates | US EPA

The U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin released the agency’s proposal to rescind the 2009 Endangerment Finding, which has been used to justify over $1 trillion in regulations.

www.epa.gov