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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery lost $2.36 to $73.55 on the New York Merc, while Brent for October lost $1.14 to $78.80 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.10 to WTI, down from a discount of $11.40. Natural gas for October stayed unchanged at $2.13. The TSX energy index added 2.55 points to close at 287.50.

Oil prices notched a daily loss, a weekly loss and their second consecutive monthly loss, making for a dismal trading session in most energy stocks. Yet gas bulls enjoyed some good news heading into the long weekend: LNG Canada, the Shell-led joint venture building an $18-billion LNG (liquefied natural gas) export facility in Kitimat, B.C., is about to start accepting gas. "This week, LNG Canada expects to introduce natural gas to its Kitimat facility for the first time," said the company in a statement on its website. Months of safety testing and system checks will follow. "[These] activities mark a pivotal step in LNG Canada's safe start-up program," said the company, "as we prepare to ship our first cargoes of made-in-B.C. LNG by the middle of 2025."

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