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Eight ships so far this month are set to leave Canada’s first liquefied natural gas export terminal in Kitimat, B.C., for Asia, which is double the number for all of December, according to data from analytics firm Kpler. LNG Canada, which took things slowly after launching exports last June 30, is on track to reach 85 per cent of capacity by early spring. (The Globe and Mail)
Talking point: The war against Iran has virtually stopped marine traffic through the Strait of Hormuz—a transitway for about one-fifth of the global supply of both oil and LNG. Qatar, the second-largest LNG exporter, stopped production after Iran attacked its facilities. The LNG Canada route from Kitimat bypasses this choke point. Meanwhile, Trans Mountain plans to add chemicals to let crude oil run faster through its pipeline from Alberta to B.C. by 2027, increasing its capacity by 90,000 barrels per day.
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