Tuesday: April 2nd 2025 Qatar is planning an expansion of its LNG export capacity; an increase that could see an 85% increase of its 77mtpa (2024) to 142 mtpa by 2030. By some estimates, Qatar could produce enough to account for 25% of the worlds LNG supply by the end of the decade. Analysts project Qatar can produce its LNG for $0.3/mmbtu, vs $3-5/mmbtu globally, which are a function of: 1) associated liquids production in the country pays for most of the LNG construction costs, and 2) access to cheap labor from southeast Asia keeps costs low and on schedule. Asian spot markets of LNG are at their lowest levels in 6 months due to higher reserve levels from a mild winter...
Monday: March 31st 2025 LNG Canada is getting ever closer to completion. A shipment of LNG is coming to the port, not for export but for import. Apparently, it will be used to help fill the storage tanks and get them down to the super cooled temperature of minus 169 degrees Celsius needed to liquify natural gas. This process is expected to take 3 to 4 weeks, and once complete, the terminal will be ready to go into production. The start-up is not yet set, but LNG Canada is expected to be shipping out cargoes roughly every 2 days, with each shipment valued in the $150-$220 million range. B.C. is expected to begin reaping a revenue windfall from the onset...
Thursday: February 27th 2025 Who knows what is going through ole Donald's minds here. obviously there's some cat-and-mouse going on with Canada and Mexico. So far, we have been playing ball, but the leash has yet to be removed. Trump posted on Truth Social today that the 25% tariffs on Canada and Mexico are set to resume on March 4th. I think those are likely to be pushed back again. At least for Canada's end, we have abided by his conditions, namely: declared Cartels a terrorist orgs, increase border patrols and appointed Kevin Brosseau as Canada's Fentanyl Czar. Canada is not out of the woods yet so to speak. Trump also stated in his post that the second round of tariffs,...
Friday: January 31st 2025 I get the indication that Trump is playing a chess match, while we are playing checkers. What I mean by this is: he holds all the cards. I don't think he has an explicit plan for these tariffs because, if he did, there would have been a clear date from the get-go about tariffs on an explicit list of goods they would apply to. No, I think he is out on the street jingling the change in his pocket to see who offers him the best deal. How is Canada playing Checkers? We are expending most of our efforts thinking up ways of how to satisfy his demands, bolstering the border, and, if the Oval Office...
