LNG exports on the cards from Canadian shale gas: Reports

378-cordovamap.jpg(Map by Mitsubishi)

LNG Unlimited

LNG exports on the cards from Canadian shale gas

A consortium of five Japanese energy outfits are set to consider LNG exports from a planned shale gas project in northeastern British Columbia, Canada.

Japan Oil, Gas and Metals National Corporation, Chubu Electric Power, Tokyo Gas and Osaka Gas will collaborate with Mitsubishi on the Cordova Embayment Project, which will mark the first shale gas project executed by Japanese utilities and gas companies…

Half of the production will be for the Canadian market.

Natural Gas for America

 Japanese Utilities Joins Cordova Shale Project

A group of Japanese utilities will join Mitsubishi Corp. in a shale gas project led by Penn West Exploration.

Tokyo Gas Co., Osaka Gas Co., Chubu Electric Power Co. and Japan Oil, Gas and Metals National Corp. have each agreed to take a 7.5% stake in Cordoba Gas Resources, a subsidiary of Mitsubishi.

Through the formation of the consortium, all the companies expect to obtain beneficial knowledge about shale gas developments. The consortium plans to discuss studying the possibility of exporting the shale gas to Japan as LNG which will contribute to diversify energy import and to secure stable energy supply to Japan, Mitsubishi Corp. said in a statement.

Mitsubishi news release

Editor’s note:
Mitsubishi’s interest in the Cordova project was under negotiation last year, long before the earthquake which knocked out much of Japan’s energy generating capacity, especially the hard hit Fukishima nuclear reactor complex. Now, with Japanese companies and the government looking to replace nuclear with natural gas, this is likely the first of a number of deals that will be announced in the coming months. That natural gas has to get to Japan somehow, and that likely means more announcements regarding the port of Kitimat.

CNBC interview with Pat Daniels: Enbridge Pipe Dreams?

CNBC VIdeo
 
Enbridge Pipe Dreams?

CNBC  Mad Money host  Jim Cramer377-cnbc2.jpg  interviews Enbridge’s Pat Daniels

Cramer: Enbridge is a Canadian company with a juicy 3.3% yield and a consistent track record of raising that payout. average of 11% over the last decade. They’ve given us a 15% boost this year. Enbridge is the kind ofconsistent dividend-raiser you can count on in good times and bad. they are so money!Why are you highlightinga pipeline company when oil has been getting slammed? the important thing is a company like enbridge is not hostage to oil. they’re related by long-term assets or regulated contracts.Enbridge has never once had to cut the dividend, not once. they’re more regular than metamucil…”

Daniels:  “The gateway pipeline project to the west coast would employ another 1,200 people on apermanent basis. and there would be about 63,000 man years of labor that would go into the construction of the pipeline. We call on crews from all across North America, capped, the U.S.and also from pipe suppliers right across North America. It has a huge positive impact on the economy and huge employment opportunities associated with both the construction and theoperation in our business.

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Energy sector needs to diversify its market

Calgary Herald


Energy sector needs to diversify its market

More on Enbridge Liquid Pipelines president Steve Wuori’s speech in Calgary:

Enbridge has proposed its Northern Gateway project between Edmonton and Kitimat — a $5.5 billion, two parallel pipeline project of 1,900 kilometres — which would diversify the market to include Asia and the Pacific Rim markets.

Wuori said the project would be a “game-changer” for Canada because of the unlocking of various new markets — leading to a $2-3 barrel increase in oil, a $270-billion increase in national GDP over 30 years, 63,000 person years of employment during construction, $4.3 billion in labour-related costs and income for people, and about 1,150 long-term jobs once Northern Gateway is in operation.

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NEB hearings on KM LNG confirmed for Kitimat, June 7, 2011

Northwest Coast Energy News

By Robin Rowland

The National Energy Board has confirmed  on its website
that  the export licence hearings for the KM  LNG will go ahead in
Kitimat at the Riverlodge Community Centre on June 7, 2011, beginning at
9 a.m.

372-NEB.March6jpg.jpg
National Energy Board officials brief residents of Kitimat on the ground rules for the hearings on the KM LNG export licence, March 6, 2011. (Robin Rowland/Northwest Coast Energy News)

After an information meeting held  by NEB staff on March 6, 2011, there had been fears in the Kitimat community that since NEB policy calls for a hearing to be held where it is most convenient for stake holders and because the deadline for filing for intervenor status or information letters was just one week after the meeting, that the hearings might actually take place in Alberta.

Link to NEB documents  B01 – Application to export LNG for a period of 20 years (GH-1-2011)

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Apache Executive: Kitimat LNG Export Terminal Project Under Way: Dow Jones

From Dow Jones via Automated Trader

Apache Executive: Kitimat LNG Export Terminal Project Under Way

The head of Apache Corp.’s (APA) Canadian business said Tuesday that work has begun on the company’s planned Kitimat liquefied natural gas export facility and that the first super-chilled natural gas could be shipped from there by late 2015.

Timothy Wall, Apache’s regional vice president for Canada, said during the Houston company’s annual investor meeting that he expects the project will receive gas export permits “by the end of the year.”

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Shale Gas, LNG & the Coming Impact of Wet Shale: Energy Tribune

Energy Tribune

Shale Gas, LNG & the Coming Impact of Wet Shale

The first hint that the paradigm was not shifting so much as shattering was in 2009 when the planned Kitimat terminal in British Columbia was reborn as an export terminal. The gas would come from western Canada’s Horn River and Montney shales. Pre-2009, the theory was that gas imported to Kitimat would compete for Asian markets with gas from Australia and Peru. Post 2014, when the terminal will be completed, BC gas will compete in Asian markets against Australian, Peruvian and many more LNG exporters who had seen one leg of the three-legged world gas stool of North America, Europe and Asian markets sawn off.

This year we are seeing talk of LNG exports from another terminal near
Kitimat and possibly even from Oregon. But the big game changer occurred
in May 2010 when Cheniere Energy, operator of the Sabine Pass LNG
terminal on the Gulf of Mexico announced plans to export US gas from
2014 – a plan quickly added to by other operators in Cameron LA and
Galveston.