Oregon’s political season officially got underway Monday, Jan. 14, with the inauguration of Gov. Kate Brown, who is serving her first-yet-last full term as Oregon’s governor, and a joint session of the 80th Legislative Assembly in the House Chamber of the State Capitol. In attendance were former Oregon governors Barbara Roberts and Ted Kulongoski, as well as environmental protesters speaking out against a liquefied natural gas (LNG) pipeline and export facility. While addressing a packed House Chamber prior to the governor’s inaugural address, Senate President Peter Courtney quoted his son on several occasions, saying Oregon Legislature needs to do “some good.” These solemn remarks provided a reminder that although Oregon Democrats can effect change in Oregon with supermajorities in the Legislature and control of the governor’s chair, the dire situation nationally is largely out of the hands of Oregonians. Early in her address, Brown noted that … [Read more...] about Legislative Priorities and LNG Protesters
Pacific northwest lng
Companies, countries jockey to fill mid-2020s LNG demand
A lot has changed between 2013, when Russian gas producer Novatek and its French and Chinese partners decided to go ahead with the $27 billion Yamal LNG venture, and this month when a Shell-led consortium made the same decision for its $31 billion LNG Canada project in Kitimat, British Columbia. Global LNG trade grew 30 percent over the five years; a dozen more countries are importing the fuel; and more LNG is being sold under spot and short-term deals as buyers take advantage of the highly competitive and changing marketplace. The Canadian project could be the first of several in the next year or so as suppliers look to fill an anticipated supply gap in the 2020s and beyond. The world’s No. 1 LNG producer, Qatar, is expected to decide next year to go ahead with a 40 percent boost in its output capacity to 110 million tonnes a year. “If you look at the demand curve and the supply coming on stream, there are simply not enough projects being sanctioned or under development to … [Read more...] about Companies, countries jockey to fill mid-2020s LNG demand
Gas pipeline opponents finding success halting projects
Though oil pipelines have attracted bigger protests — Keystone XL from Canada’s oil sands into the United States and Dakota Access to move Bakken crude to the Midwest — opposition to natural gas pipelines is growing. While many of the challenges are focused against hydraulic fracturing for shale gas and in support of renewable energy, others are specific to local land and water issues, Much of the opposition is in the mid-Atlantic states, where the boom in shale gas drilling in Appalachia’s Marcellus Basin has elevated the visibility — and controversy — of pipelines in an area generally unaccustomed to the oil and gas industry. Opponents have held rallies, pushed local politicians for support, gone to court — even illegally camped out in trees to block pipeline construction. “It’s definitely not getting easier to build a new pipeline,” Stan Chapman, TransCanada’s president of U.S. gas pipelines, told Reuters during … [Read more...] about Gas pipeline opponents finding success halting projects
TransCanada Reports Strong Second Quarter 2018 Financial Results
High Quality, Diversified Asset Portfolio Expected to Drive Record Performance in 2018 CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017. Comparable earnings for second quarter 2018 were $768 million or $0.86 per share compared to $659 million or $0.76 per share for the same period in 2017. TransCanada's Board of Directors also declared a quarterly dividend of $0.69 per common share for the quarter ending September 30, 2018, equivalent to $2.76 per common share on an annualized basis. /EIN News/ -- "During the second quarter of 2018 our diversified portfolio of critical energy infrastructure assets continued to perform very well," said Russ Girling, TransCanada's president and chief executive officer. … [Read more...] about TransCanada Reports Strong Second Quarter 2018 Financial Results
Shell ramps up in Kitimat, raising Canada’s $30 billion LNG hopes
Natalie Obiko Pearson, Bloomberg Published 11:33 am PDT, Monday, July 9, 2018 Photo: Bloomberg Photo By Ben Nelms. Image 1of/1 CaptionClose Image 1 of 1 The Kitimat LNG site in 2015. The Kitimat LNG site in 2015. Photo: Bloomberg Photo By Ben Nelms. Shell ramps up in Kitimat, raising Canada's $30 billion LNG hopes 1 / 1 Back to Gallery A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell and its partners are ready to go ahead with the nation's largest infrastructure project: a C$40 billion ($30 billion) liquefied natural gas terminal that could at last unlock energy exports to Asia. The action is unmistakable in Kitimat, British Columbia, the Pacific coast city hugging a deep inlet that would be the closest launch point on the continent for LNG cargoes to Asia. The lights … [Read more...] about Shell ramps up in Kitimat, raising Canada’s $30 billion LNG hopes