RBN estimates that combined natural gas production of the equity partners in LNG Canada rose 0.12 Bcf/d in July 2023 to 1.67 Bcf/d, less than 0.1 Bcf/d below record production reached in April 2023 (combined height of the colored bars in top chart below). The increase was led solely by an increase in production reported by Petronas (orange bar), and likely a result of post-wildfire recovery efforts after being negatively impacted, like many other producers, during May and June. After factoring in the 0.15 Bcf/d commitment from ARC Resources, July production available to LNG Canada was estimated to be 1.82 Bcf/d.
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- Analyst Insight
LNG Canada Partners’ August Gas Production Little Changed Versus July
Combined August 2023 natural gas production for the equity partners in LNG Canada fell slightly versus July. Overall production remains short of of the 2.1 Bcf/d commitment by about 360 MMcf/d, but there remains plenty of time for the partners to further grow production prior to initial start up of test flows of gas to LNG Canada, which we estimate will begin in mid-2024.
- Analyst Insight
LNG Canada Partners’ October Gas Production Pushes to Record High
Natural gas production for the equity partners in LNG Canada reached a record high in October. Production appears to be on track for the partnership to achieve its 2.1 Bcf/d supply commitment to LNG Canada by early 2024.
- Analyst Insight
Almost Gametime - LNG Canada Partners' Gas Production Holds Steady Ahead of Testing Phase
Gas production from the LNG Canada partners held above 2 Bcf/d in April and looking to be ready to send gas to the liquefaction plant this month or next.
Comments
Since LNG Canada will be open for commercial operations in the coming months, this article seems to assert the equity ownership group in LNG Canada (Petronas, Mitsubishi, Shell, PetroChina and KOGAS) plus the 150mcf/d commitment from Arc Resources will likely fill their Phase 1 export capacity of 1.84bcf.
What about Coastal Gas Link's 2.1 bcf/day line capacity? Is there any indication that this (at least in the initial steps out of the gate) will be filled by the names listed above? Or will other market participants be able to access LNG Canada for their gas production?
These are just some questions I have floating around!