Energy Summary for Aug. 16, 2022
2022-08-16 20:54 ET - Market Summary
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by Stockwatch Business Reporter
West Texas Intermediate crude for September delivery lost $2.88 to $86.53 on the New York Merc, while Brent for October lost $2.76 to $92.34 (all figures in this para U.S.). Western Canadian Select traded at a discount of $19.66 to WTI, unchanged. Natural gas for September added 60 cents to $9.33. The TSX energy index lost 2.83 points to close at 226.84.
Canadian LNG (liquefied natural gas) projects got a fresh set of champions today. Ahead of a planned visit to Canada next week by German government officials, a group of German and Canadian business groups released a joint statement this morning calling for their governments to "strengthen economic and political co-operation and defend our shared values," including on energy matters. They specifically urged co-operation in "speeding up the deployment of Canadian LNG export facilities, [so that] Canada can help keep European industry running and households warm."
The statement -- signed by the Business Council of Canada, the Canadian Chamber of Commerce, the Canadian German Chamber of Industry and Commerce, and the Transatlantic Business Initiative -- also addressed trade and investment, mineral resources, hydrogen, semiconductors, and more. Yet energy played a prominent role, given Europe's pressing need to wean itself off Russian gas. "[Europe must] increase its imports of energy products, especially LNG, from other suppliers," emphasized the groups. They proclaimed themselves "ready to do their part in helping to overcome these challenges."
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tilbury in bc, is LNG export facility owned by pubco fortis= the ships are unique, they come in at nite and leave at nite, and 5 million people never see them...fortis hid the disclosure...woodfibre in squamish
if they want it, I got a spot with pipeline at port in BC, but germans want free LNG, no one wants to pay, no pay=freeze
Posted by LNG at 2022-08-17 07:04
Posted by research hard at 2022-08-17 07:50
why not fly the LNG out in greater than hindenburg sized dirigibles? whats the storage capacity in the pipelines? they always talk barrels per day, but thats at both ends, over the 2000 kilometers at 24 inches whats the volume constantly in the pipeline?
Posted by and at 2022-08-17 08:31