On March 11, ARC Resources, one of the largest natural gas producers in Western Canada, announced that it had entered into a long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific, an affiliate of ExxonMobil, for the supply of 1.5 MMtpa (million tonnes per annum) of LNG from the Cedar LNG project currently under construction outside of Kitimat, BC (rendition below). The SPA will come into effect once Cedar LNG enters commercial operations, currently anticipated by late 2028. The LNG will be sold at international LNG prices, though specific details were not released.
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- Blog
Keep This Party Going - An Update on Canada's West Coast LNG Export Projects
Developers have been kicking around plans for LNG exports from British Columbia (BC), Canada’s westernmost province, for more than a decade, with more than 20 projects on the drawing board at one point. That long list has been whittled down to just three that have reached the point of final investment decision (FID) — a hard plan to proceed to construction and startup. One of those projects, LNG Canada, should be sending out LNG as soon as the end of this year, placing Canada firmly on the map of LNG-exporting nations. In today’s RBN blog, we take a closer look at the three projects and hint at plans by a handful of contenders vying to join the LNG export party.
- Analyst Insight
Canada’s Cedar LNG Export Project Several Steps Closer to FID
Cedar LNG, an LNG export project proposed for the coastline of British Columbia has made important strides toward making a final investment decision to proceed by mid-2024.
- Blog
Keep This Party Going - More LNG Export Projects Vying for Startup on Canada's West Coast
Shipping large volumes of LNG from Canada’s West Coast across the Pacific Ocean to gas-hungry markets in Asia has been a dream nearly two decades in the making. After a great deal of work and patience, three projects have moved into the construction phase, with the most advanced — LNG Canada — on the cusp of accepting its first test-gas volumes, with exports possible by the end of the year. Even with all this progress, three additional projects are vying for the opportunity to join Canada’s LNG export party, as we discuss in today’s RBN blog.
