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Canadian LNG in Final Stages Before Starting Shipments to Asia: Platts

LNG
Energy BulletsCommoditiesCanada Bank of Canada Market News

The first Canadian LNG shipment is set to sail early 2025 from Kitmat in British Columbia on the Pacific Coast, offering a competitive edge when targeting APAC buyers, Platts said.

  • Voyages from Prince Rupert port in British Columbia, Canada, to Tokyo will take around 8-9 days, compared to double that for a USGC-Japan voyage.
  • Canadian LNG is also 40% less carbon intensive that USGC cargoes, a further attraction for Japanese and South Korean buyers.
  • The Shell-led 14m mtpa LNG Canada first phase is preparing to inject gas and start warming the gas liquefaction plants this summer, with a full start-up later this year.
  • Asia is the main target for the project’s output, with the region’s energy demand expected to rise by 30% in the next 10 years.
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The first Canadian LNG shipment is set to sail early 2025 from Kitmat in British Columbia on the Pacific Coast, offering a competitive edge when targeting APAC buyers, Platts said.

  • Voyages from Prince Rupert port in British Columbia, Canada, to Tokyo will take around 8-9 days, compared to double that for a USGC-Japan voyage.
  • Canadian LNG is also 40% less carbon intensive that USGC cargoes, a further attraction for Japanese and South Korean buyers.
  • The Shell-led 14m mtpa LNG Canada first phase is preparing to inject gas and start warming the gas liquefaction plants this summer, with a full start-up later this year.
  • Asia is the main target for the project’s output, with the region’s energy demand expected to rise by 30% in the next 10 years.