A roundup of news and commentary from NGI’s LNG Insight
- The first phase of the Shell plc-led 14 million metric tons/year (mmty) LNG Canada export project in Kitimat, British Columbia, is more than 85% complete, CEO Jason Klein said in a year-end update. The project is on track to start shipping LNG abroad in 2025.
- The project is now preparing for “safe start-up activities” to begin in 2024, Klein said. “That’s when our equipment is tested and fine-tuned, and we begin the process of producing LNG,” he added. “Our safe start-up program will take more than a year to complete.”
- Indonesia’s PT Pertamina has canceled a contract to buy 1 mmty from the Mozambique LNG project in Africa because of ongoing delays. Work on the TotalEnergies SE-led Mozambique project was suspended in 2021 because of violence in the region. Tentative plans are to restart work next year on the 12.9 mmty project.
- China’s first cold blast of the season has settled in over the northern part of the country, testing energy supplies and the country’s power grid. Frigid cold and heavy snowstorms have shut schools and stopped flights this week. Inclement weather is expected to continue in the coming days. The country has so far seen mild winter weather, along with other parts of North Asia, which have cut into LNG spot buying.