Indigenous-led project would export some of the world’s cleanest natural gas The Haisla Nation and Pembina Pipeline Corporation are primed to hear by the end of this year whether they can build one of the largest Indigenous-owned infrastructure projects in Canada’s history. Supplied by the Coastal GasLink pipeline, the $3 billion Cedar LNG project near…
New IEA scenarios show that oil and gas will remain critical long into the future The latest outlook for energy demand to 2050 underscores Canada’s opportunity to supply responsibly produced oil and gas as the world works to reduce emissions. In all three scenarios published on Oct. 27 by the International Energy Agency (IEA), oil…
'He does not think beyond the pipeline. He does not think beyond the cause of the day'
American actor Mark Ruffalo took another uninformed swipe at the Coastal GasLink pipeline this week, claiming via Twitter that “the cleanest river in North America is about to be sacrificed to the oil and gas industry” because of project construction. Earlier this year, Ruffalo joined other celebrities to demand that RBC cease funding Coastal GasLink,…
Canada can become a major supplier of natural gas to allies and trading partners in Asia and Europe
You could call Canadian natural gas the global energy security solution that’s waiting to happen. It’s entirely within Canada’s grasp to elevate natural gas production and export, assist our allies and trading partners, and help stabilize global energy markets – all without compromising emissions reduction goals. Until recently, a constrained North American energy market with…
But building LNG infrastructure like long-haul pipelines in Canada is "challenging"
Canada’s potential to supply natural gas to Europe as liquefied natural gas (LNG) has gone from an afterthought to a critical part of the discussion on how to replace gas from Russia, according to analysts with Norway-based Rystad Energy. European countries are facing emergency measures to reduce energy use to ensure enough natural gas is…
Biden wanted more crude, Mohammed bin Salman needed recognition. The visit served both purposes
What did United States President Joe Biden gain from a trip that took him to Saudi Arabia, the state he once promised to make into the pariah he said it deserved to be? What did Biden get from meeting with Saudi Crown Prince Mohammed bin Salman, whom he has avoided until now? In response to…
U.S. transport of LNG to Europe is surging in the wake of Russia’s invasion of Ukraine
Canadian natural gas is finding its way to global customers desperate for more LNG, but it’s not because of any export project on Canada’s coasts. Instead, the supply is taking off on ocean tankers as part of the mix from liquefied natural gas (LNG) terminals in the United States, according to Deloitte Canada. “It appears…
The driver of this bearish sentiment is an overly hawkish response by the Federal Reserve
Last week, the crude oil markets saw one of the most significant single-day price declines in history. Have the bulls retreated – perhaps for good? Tuesday’s oil price collapse could go down as one of the most memorable moments of the oil market’s tumultuous year, said Josh Owens in his piece for Oilprice.com. Although oil…
Maybe it is time to revive the forgotten concept of reduce, reuse, recycle
It’s not even Calgary Stampede time yet – it looks like it will be a good old-fashioned free-for-all – and I’ve already encountered a fascinating drunken goofball at the top of his game. Nothing unusual there, I suppose, except that this encounter actually had an interesting and thoughtful punchline. It happened on the train to…
Analysts warn that prices could reach $380/barrel if existing penalties prompt Russia to make cuts
The crude oil world is in deep flux. Ongoing attempts by the G7 to put a price cap on Russian crude exports – almost an admission of its failure to curb the flow of petro-dollars to Moscow – also meant it needed to do more. But moving ahead with the proposal could result in global…