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Outlook 2026: LNG markets and the overhang
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: The geopolitical weaponisation of LNG
Global gas markets are being reshaped by politics as much as by gas prices and fundamentals. From Washington to Doha, Brussels and Beijing, LNG has become a strategic weapon as much as a commodity
Outlook 2026: LNG’s Pacific FID race heats up – Ramp-ups, rejuvenations and restarts
The US Gulf dominated investment decisions this year, but Asian importers’ concerns over supplier diversity mean the focus is shifting
Canada’s Asian pivot faces hurdles
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
Explainer: What do Russia’s oil giants own overseas?
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
Tax policy will shape Russia’s oil future
The consensus among market observers is that the country’s oil output will fall in the long term. Yet few recognise how Moscow’s shifting tax regime is designed to keep the next barrel commercially viable
The curious case of oil-on-water
The market is facing being drowned in excess crude, but one caveat is that a large chunk is due to buyers reluctant to snap up sanctioned barrels
Gas should fare better than oil under Canada’s new regime
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
Lukoil loses its growth prospects
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
The Arctic navigation window has increased but is still not year-round
LNG Shipping Russia Canada
Simon Ferrie
8 April 2021
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Winter LNG transit highlights Arctic’s growing role

Russia is leading the charge to normalise Arctic shipping as the region warms

Arctic waters are becoming increasingly navigable as a result of climate change, and Russia is leading the way in attempting to normalise shipping in high latitude regions. To the west, Canada and the US are already in disagreement over the status of the Northwest Passage. But shipping in the Arctic still poses significant challenges and is likely to remain mostly confined to Russian LNG shipments for now. The Northern Sea Route (NSR) along Russia’s Arctic coast cuts the voyage from Europe to Asia “by more than a third”, according to Russian deputy prime minister Yury Trutnev. A total of 33mn t of cargo, including 18mn t of LNG, was transported via the route in 2020, a fivefold increase in f

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