ARC Resources Ltd., one of Canada’s largest natural gas producers, reported its third quarter earnings on November 7, highlighting further developments for its Montney focused portfolio as well as providing an additional corporate update on its future LNG supply/pricing exposure and connection to LNG Canada.
- Although the company’s 150 MMcf/d supply agreement to LNG Canada via a contractual arrangement with Shell Canada, the operator of LNG Canada, has been known since early 2024, ARC’s latest corporate update provided clear confirmation that its Sunrise gas plant is now hard connected to the Coastal GasLink Pipeline that ships gas to LNG Canada (green and purple dashed lines in company slide below). The company has not yet made any mention as to whether gas has been flowing or not.
