There finally seems to be some momentum building for additional LNG export projects on Canada’s West Coast. Major pipeline and midstream operator Enbridge announced in late July that it was making an investment in Woodfibre LNG, a smaller-scale export project that has already come a long way in terms of approvals, pipeline connections, locking up gas supplies, and initial financing. With the Enbridge announcement — and the financial and technical clout the company brings to the table — it is now looking assured that the project will commence construction next year and be exporting LNG by 2027. In today’s blog, we take a detailed look at Woodfibre LNG.
Global LNG markets continue to be roiled by the European energy crisis. The continent looks to be in for what could be a very tough heating season (see Beyond the Sea) as Russia has cut its pipeline gas supplies to a mere trickle and might reduce them to zero in the near future. Gas-use restrictions and other measures are being bandied about daily in Europe as a way to ensure there is enough gas to get through the coming heating season, which is now only weeks away.
Canadian crude output is rising, requiring new export routes. As traditional pathways face constraints, the U.S. Rockies—especially the Guernsey, WY hub—are emerging as key corridors for moving Canadian heavy crude to downstream markets, including the Gulf Coast.
Aside from demand-side measures, natural gas and LNG suppliers — other than Russia — are pulling out all the stops in the short term to get enough pipelined gas from other countries such as Norway, or more LNG from various countries to keep European homes warm this winter. Increasing supplies in any form remains a challenge given the extensive lead times and large sums of money to develop new gas and LNG exporting projects. With an additional push by the EU and advice from the International Energy Agency (IEA) to reduce Europe’s reliance on Russian gas by the end of this year and eliminate it by 2030, the continent’s natural gas crisis will not be going away anytime soon, and could last for many years.
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About the song
“You’ve Got a Friend in Me” was written by Randy Newman and appears as the first song on the Toy Story (Original Motion Picture Soundtrack) album released in November 1995, along with the animated film of the same name. The song has also appeared in all of the sequels: “Toy Story 2,” (1999); “Toy Story 3,” (2010); and “Toy Story 4,” (2019). It was released as a promotional single in April 1996. Originally recorded by Randy Newman and Lyle Lovett, the song has been covered by many artists, including Robert Goulet, George Jones with Kathy Mattea, and the Gipsy Kings. Personnel on the record were: Randy Newman (vocals, piano) and various orchestra studio musicians (orchestrations).
The album, Toy Story (Original Motion Picture Soundtrack), was recorded at Sony Pictures Studio, Conway Studios, and Ocean Way Recording in Los Angeles, with Chris Montan, Frank Wolf, Don Davis, Jim Flamberg and Randy Newman producing. Randy Newman wrote all of the songs in the movie. Released in November 1995, it went to number #94 on the Billboard 200 Albums chart.
Randy Newman is an American singer-songwriter, composer, arranger and pianist known for his Southern-accented satirical Americana songs and his various film and musical theater scores. Newman began his professional career at 17, writing songs for The Fleetwoods, Cilla Back, and Gene Pitney in the early 1960s. He made his debut as a solo artist in 1968 with the release of his first album on Warner Bros. Records, Randy Newman. He has released 11 studio albums, two live albums, five compilation albums, 23 soundtrack albums, and 12 singles. He has won two Academy Awards, three Emmys, and seven Grammy Awards. He is a member of the Rock and Roll Hall of Fame, the Songwriters Hall of Fame, and has a star on the Hollywood Walk of Fame (he loves LA!). Newman continues to write songs and compose film scores.
