Increasing global LNG supplies has become of paramount importance given Europe’s decision to move away from pipelined imports of Russian natural gas. As such, any and all LNG export projects — from the expansion of existing sites to proposals for greenfield terminals — are getting a fresh look. As always, though, only the projects that make the most economic sense are likely to advance to a final investment decision (FID), construction and operation. Which raises the question, where do things stand with the handful of LNG export terminals proposed for Eastern Canada, which offers the shortest, most direct access to Europe? In today’s RBN blog, we conclude our series on Canada’s LNG export potential by assessing several greenfield export sites on its East Coast.
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.
With Europe’s winter heating season now thankfully over, the immediate need for large quantities of natural gas has lessened, but the urgency to move away from imported Russian gas has not. The elevation of gas-supply security to the top of the continent’s agenda as a result of the war in Ukraine has set many European nations on a course to increase LNG imports whenever and wherever might be possible. The catch, of course, is that with Russia supplying as much as 40% of the continent’s gas needs, very large quantities of additional LNG are going to be required, now and in the future. That means maximizing, as much as possible, the utilization of existing LNG import terminals, expanding them, and building new ones.
This step change in LNG demand — possibly as much as 15 Bcf/d equivalent if Europe were to wean itself completely off Russian gas — has meant that global LNG suppliers are feeling the pressure to provide more of the supercooled gas from existing terminals and quickly consider possibilities for expansion and the construction of new facilities. The U.S. is already well on its way in this direction with new liquefaction capacity awaiting the green light for construction, especially for terminals along the Gulf Coast. However, even if that new capacity were available in short order, it would still fall well short of the additional LNG that will be needed in Europe (and the rest of the world), even after considering capacity expansions from suppliers outside of North America.
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About the song
“You Still Believe in Me” was written by Brian Wilson and Tony Asher and appears as the second song on side one of The Beach Boys’ 11th studio album, Pet Sounds. It was the first song that Brian Wilson and Tony Asher collaborated on. The pair of Wilson and Asher were also responsible for the bobby-pin-plucked piano string intro to “You Still Believe in Me.” The song was recorded between October 1965 and February 1966 at Western Studios in Hollywood, CA. Personnel on the record were: Brian Wilson (lead vocals), Brian Wilson, Marilyn Wilson, Carl Wilson, Dennis Wilson, Mike Love, Al Jardine, Bruce Johnston (backing vocals), Hal Blaine (bicycle horn, finger cymbals, percussion), Carol Kaye (electric bass), Lyle Ritz (acoustic bass), Glen Campbell (electric 12 string guitar), Barney Kessel (electric mando guitar), Al de Lory (harpsichord), Steve Douglas (acoustic grand piano), Bill Green, Jay Migliori, Jim Horn, Plas Johnson (clarinet), and Julius Wechter (bicycle bell, Timpani).
Pet Sounds was recorded between July 1965 and April 1966 at Western Studios, Gold Star, Columbia, and Sunset Sound in Hollywood. Released in May 1966, the album went to #10 on the Billboard 200 Albums chart and has been certified Platinum by the Recording Industry Association of America. It has made every list of the greatest albums of all time. The LP was produced by Brian Wilson a year after he quit touring with The Beach Boys. His goal with Pet Sounds was to create “the greatest rock album ever made,” a cohesive work with no filler material. It was a revolutionary album in the field of record production, with Wilson elevating the role of artist/producer within the music industry. Three singles were released from the LP.
The Beach Boys are an American rock band formed in Hawthorne, CA, in 1961 by brothers Brian, Carl, and Dennis Wilson, cousin Mike Love, and friend Al Jardine. They have released 29 studio albums, eight live albums, 55 compilation albums, 23 EPs, and 71 singles, and have sold over 100 million records worldwide. The Beach Boys are members of the Rock and Roll Hall of Fame and the Vocal Group Hall of Fame. The Pet Sounds album is in the Grammy Hall of Fame and preserved in the Recording Registry of the Library of Congress. Dennis Wilson died in 1983. Carl Wilson died in 1998. Brian Wilson still tours as a solo artist, and Mike Love, accompanied by touring musicians, still tours under The Beach Boys name.
