Category: Business

For the record: LNG Canada Phase 2 positive FID news releases pro and con

(Editor's note: I suspended coverage on Northwest Coast Energy News in July as I recovered from a leg injury. Healing is going well. At this time I am resuming limited coverage. So for the record, here are today’s news releases on the announcement of LNG Canada Phase 2.)         On Tuesday, September […]

BC, Ottawa agree to “enhanced investment co-operation” for LNG Canada Phase 2

A news release from Premier David Eby says that “the Government of Canada, the Government of British Columbia and LNG Canada reached agreement on enhanced investment co-operation and actions to collectively progress closure of final items to support a potential 2026 Final Investment Decision (FID) of LNG Canada's proposed Phase 2 expansion, a key national […]

Giant funds making billion dollar bids for stake in LNG Canada: reports

Three of the world’s biggest asset management funds are making multibillion dollar bids for a stake in LNG Canada, Reuters is reporting. The companies are Apollo Global Management, Blackstone  and ​KKR, Reuters said, quoting anonymous sources. Shell and the three companies would not comment to Reuters on the report. If the deal goes through it […]

Shell agrees to buy ARC Montney gas field for C$22 billion to feed LNG Canada

Shell says it has entered into a definitive agreement to acquire ARC Resources Ltd, a Calgary based energy company focused on the Montney shale basin in British Columbia and Alberta. The deal is worth $22 billion Canadian, ($13.6 billion US in cash and shares) and includes taking over ARC’s debts. Financial analysts report that offer […]

War damage to Gulf LNG and aluminum plants disrupts markets, stalls long term planning

Iran’s missile strikes damaged 17 per cent  of Qatar’s LNG capacity, forcing a complete shutdown at Ras Laffan, the world’s largest LNG facility, Saad al-Kaabi, the CEO of QatarEnergy CEO says. That accounts for 12.8 million metric tons of LNG that is no longer available to Qatar’s mostly Asian customers. “I never in my wildest […]

Jeffery Epstein’s bank tipped him and others about future LNG development in Kitimat, Justice Dept. files reveal

In 2011, J. P. Morgan Chase, Jeffery Epstein’s bank, tipped him and others about future LNG development in Kitimat,  US Justice Dept files reveal. The Justice Department’s wide ranging release of files on convicted sex predator Jeffrey Epstein has yielded a surprising footnote, the first hints of liquefied natural gas development in Kitimat. Epstein was […]

First large aluminum smelter in US since 1980 planned for the Oklahoma

Two companies plan to construct the first primary aluminum plant to be built in the United States in almost 50 years, the companies said on Monday, adding once complete, the smelter in Inola, Oklahoma will be the largest ever primary aluminum production plant in the U.S. When the smelter in Oklahoma is completed by 2030, […]