Canadian LNG update from Norway's Rystad Energy AS:
As of November 2013, there were no approved liquified natural gas export terminals in Canada.
There are three proposed projects: Kitimat – Apache, Douglas Island, and Kitimat – LNG Canada, all located in British Columbia with a cumulative capacity of 4.18 Bcf/d. Additional potential export sites in British Columbia would have, if approved, a cumulative capacity of 11.07 Bcf/d.
In the best-case scenario (assuming approval of all the projects), the combined capacity of 15.25 Bcf/d would make it possible to export the entire gas production from the largest gas producing projects in western Canada – Montney Play, Horn River Shale, Duvernay, Liard Shale, Corodova Shale etc. The estimated gas production in Western Canada as of 2030 is ~18 Bcf/d – all projects combined.
As of November 2013, the LNG landed prices in Korea and Japan reached $15.65/MMbtu. This is 17% above November 2012 ($13.02/MMbtu) and 7% below the November 2011 levels ($16.68/MMbtu), based on US Federal Energy Regulatory Commission (FERC) data.
Subscribe
