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The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that provide reliable baseload power to industries and homes. That explains why Germany is buying LNG from Canada. It’s to ensure long-term energy security, reduce reliance on volatile global supplies, and diversify away from Middle Eastern and Russian energy markets. At the end of May, the Canadian government brokered a deal between the Ksi…

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Alberta Eyes General Corridor for New Pacific Oil Pipeline

Alberta is more likely to propose a “general corridor” rather than a specific route for the new 1 million-barrels-per-day oil pipeline to the British Columbia coast that’s expected to receive federal government approval as a project of national interest. Canada’s oil heartland, Alberta, has been seeking to advance the new pipeline for months, but it doesn’t have a firm route hashed out yet, because it needs talks and consultations with indigenous communities and British Columbia’s provincial authorities. Alberta…

South Korea Locks In Canadian Crude, LNG in Sweeping Supply Overhaul

South Korea will triple its crude imports from Canada this year and boost LNG purchases from Canadian export projects in the coming years as the Asian economy looks to diversify energy supply amid the massive oil and gas supply shock in the Middle East. Canada and South Korea on Tuesday agreed to expand their commercial relationship in energy and natural resources during a meeting in Ottawa between Canada’s Minister of Energy and Natural Resources, Tim Hodgson, and Kang Hoon-Sik, the Republic of Korea’s Chief of Staff to the President…

Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase

Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to the western Canadian coast, Bloomberg has reported, seeking takers for 72,000 barrels daily in additional capacity. The company operating the pipeline will boost its capacity by another 90,000 barrels daily soon by using drag reduction agents, its chief executive Mark Maki said, as quoted by the publication. The first open season for the pipeline is taking place right now. It launched in early April, and Maki said it would boost the portion…

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Europe Turns to Canadian LNG as Gulf and Russian Gas Risks Deepen

A number of European energy utilities have expressed interest in buying the future output of the Ksi Lisims LNG project, which will be Canada’s second export facility for liquefied gas. The Ksi Lisims LNG facility already has offtake agreements for 5 million tons in annual production, but the companies behind the project want to secure commitments for another 3 to 4 million tons, the chief executive of Western LNG, the project leader, told Reuters in an interview. The Ksi Lisims plant will have a total annual capacity of 12 million tons of…

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