ARC ENERGY IDEAS

• Unlocking Canadian LNG: Mark Fitzgerald on Bringing Montney Gas to the World

  This week, our guest is Mark Fitzgerald, President and CEO of PETRONAS Canada, which owns a 25% stake in LNG Canada. LNG Canada will be Canada’s first major LNG export terminal and is expected to start shipping Canadian natural gas to global markets from Kitimat, British Columbia, later this year. PETRONAS is one of the largest LNG operators in the world and has a key position in the Montney, Canada’s leading and world-class shale gas play.Here are some of the questions Jackie and Peter asked Mark: What is the economic impact of LNG Canada Phase 1? How does the Montney compare to other natural gas plays globally? Can Canadian LNG compete with other global suppliers to Asia? How does the carbon emissions intensity of Canadian LNG compare to other suppliers? How would you describe the risk of investing in a Canadian LNG export terminal, compared with other countries where PETRONAS invests? Investment in Canadian LNG has been less than expected compared to a decade ago; what needs to change for Canada to attract new capital for building LNG export facilities? In your view, did BC Premier David Eby's announcement to fast-track 18 projects help address any barriers to investment? Does BC still require LNG facilities to be net zero greenhouse gas emissions by 2030, and does any other country require this? Are there any updates on the potential for a final investment decision (FID) on LNG Canada Phase 2?Content referenced in this podcast:338Canada  – Canadian Federal Election PollingPlease review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Made in Canada: Changes Needed for Fortune and Opportunity

  This week on the podcast, we discuss Peter’s recent articles in The Hub: “There's a fortune to be made in Canada -  if only we’d seize the opportunity,” and “It's going to take more than diplomacy and defense spending to secure Canada’s sovereignty.” The podcast begins with a bit of history, looking back at a 1950s article on the potential to make a fortune in Canada. While the country is still endowed with vast natural resources, investing in Canadian resources has become more complex over the past few decades. The challenge is evidenced by an estimated $150+ billion in projects canceled, withdrawn, or denied and the $50 billion in foreign exits from the Canadian oil and gas industry over the past decade. Another example is the surge of LNG export capacity growth in the US, while in comparison Canada has had tepid investment.Peter and Jackie then discuss some ideas for attracting investors based on conversations over the past month, sparked by President Trump’s threat of tariffs and annexation. These include ideas for fast-tracking Canadian trade-enabling infrastructure, including expediting projects that project proponents are already advancing.Content referenced in this podcast:IPSOS poll showing Liberals have a lead (Feb 25, 2025)Politico article, the viciousness of Trump’s climate attacks stuns even his critics (Feb 22, 2025)S&P study on the economic impact of US LNGMacdonald-Laurier Institute (MLI) article on Germany’s LNG acceleration law by Heather Exner-Pirot (January 15, 2024)Financial Post article Northern Leg to Trans Mountain pipeline attracts interest amid brewing trade war (Feb 21, 2025)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• The Permian Basin: True or False? Fact-Checking "Landman"

  This week, our guest is Dan Hoffarth, Chief Executive Officer of Citadel Drilling, a Canadian-based drilling contractor operating in the Permian Basin. Citadel Drilling provides high-performance, automated drilling rigs designed for efficiency and safety.Jackie and Peter ask Dan to fact-check the popular show "Landman” currently streaming on Paramount+. The series is set in the Permian Basin, featuring Billy Bob Thornton as Tommy Norris, a landman who also serves as the VP of Operations.The discussion also provides an update on the Permian Basin, which has surpassed all of Western Canada in oil and gas production and stands as the world's largest producing basin. The rapid production growth in the Permian Basin has cemented the United States' position as the largest producer of oil and gas globally, by a significant margin. They also discuss Donald Trump’s plan to “drill baby drill” and what that could mean for the future of US oil and gas production.Content referenced in this podcast:Jackie and Peter’s podcast from April 2019 about Jackie’s trip to the Permian BasinJackie’s blog on the Permian Basin from 2019 - Updated to include the rattlesnake picture referenced in this podcastAaron Foyer’s post on GHG emissions savings from wind turbines Enverus blog on methane flaring in the Permian Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Mind the Energy Security Gap: How Dependent is Canada on the US?

  This week, Peter and Jackie discuss Canada's energy security weaknesses for crude oil, natural gas, refined petroleum products, and electricity.First, they cover recent news, including the latest on US tariffs, the Canadian Prime Minister’s Canada-US Economic Summit held on February 7th, Mark Carney’s Climate Plan, interprovincial trade barriers, and the need to attract private capital to invest in expanding Canada’s energy infrastructure, such as ports, pipelines, rail, and transmission lines.Next, Peter and Jackie consider Ontario and Quebec's heavy reliance on crude oil and natural gas transiting through the United States. They also discuss Canada’s imports of refined petroleum products and cross-border electricity trade. Content referenced in this podcast:Mark Carney Climate Plan CAPP Data Centre “Canadian Imports of US Crude Oil, Natural Gas and Refined Products”Peter Tertzakian’s story “The Long Way Around” also on Apple Podcasts Financial Post, July 2020: “Cenovus first to announce it’s shipping Western oil to Eastern refineries through the Panama Canal.”EIA blog that Canada and US trade in electricity is close to balanced (November 2024)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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• Anne Applebaum on Autocracy Inc., Trump, and US-Canada Tensions

  This week, our guest is Anne Applebaum, a Pulitzer Prize-winning journalist, historian, and New York Times bestselling author. Her latest book, Autocracy Inc.: The Dictators Who Want to Run the World, explores the global rise of authoritarianism.On February 6th, 2025, Anne spoke at the University of Calgary's Haskayne School of Business annual PETRONAS International Energy Speaker Series. This episode was recorded live at the event.Jackie Forrest moderated the discussion with Anne Applebaum, which covered a wide range of topics, including the timing of her new book, the Trump administration’s early actions and executive orders, and the recent deterioration of Canadian-US relations.Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

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