Gas

At an energy conference in Vancouver, industry leaders agonised over the slow progress in building Canadian LNG export terminals.

At an energy conference in Vancouver, a Woodfibre LNG official said construction has advanced on the controversial gas project in British Columbia.

A major buildout of LNG export terminals on Canada’s Pacific Coast rests on assumptions of long-term demand growth in Asia. But those forecasts are highly uncertain, two different reports warn.

Analysts say that potential investments from Saudi Aramco and ADNOC in U.S. LNG could propel projects forward. Meanwhile, in Houston, gas executives voiced confidence in the trajectory of their industry at CERAWeek.

Researchers recorded nearly 1 million measurements across major U.S. oil and gas production sites, and found methane emissions far higher than U.S. EPA data suggests.

U.S. gas prices plunged below $2/MMBtu this winter, largely because of warm weather. Gas companies unable to turn a profit are slashing drilling plans.

Top leaders in the global gas industry gathered at Gastech described renewables as unreliable, and said that gas production and consumption would grow for several decades. But there were also some warnings from insiders that the industry’s confidence may be misplaced.

Gas Outlook will be reporting from Gastech, one of the largest global gatherings of the oil and gas industry, in Houston next week, at a time when the fate of the U.S. LNG sector is unclear.

Venture Global’s CP2 project, an enormous LNG project in southwest Louisiana, obtained a construction authorisation from federal regulators. But it will remain sidelined until Biden’s LNG “pause” is completed.

Gas detection remains central to the energy industry’s future, not a relic of its past, says Jodi Downing, a director at R.C. Systems.