Natural Gas Export Licence Granted for Kitimat Terminal
From The Province
The National Energy Board has granted an export licence to LNG Canada Development Inc., a liquefied natural gas terminal proposed by Shell Canada Ltd. and three Asian partners in Kitimat.
Over a 25-year period, LNG Canada is allowed to export 670 million tonnes of natural gas, which will have been chilled into a liquid state, enabling it to be transported around the world via tanker.
Annually, LNG Canada will be able to export 24 million tonnes of gas.
The federal energy regulator says it’s satisfied that the amount of gas to be exported doesn’t exceed what will be needed within Canada.
The LNG Canada partnership includes Shell, South Korea’s Kogas, Japan’s Mitsubishi Corp. and China’s PetroChina Company Ltd.
They have picked Calgary-based TransCanada Corp. to build a 700-kilometre pipeline connecting prolific shale gas fields in northeastern B.C. to the port of Kitimat.
There are several projects in the works planned for both Kitimat and Prince Rupert to export natural gas to lucrative Asian markets.
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