British Columbia's nascent liquefied natural gas (LNG)
industry has moved closer to reality in recent weeks. On July 8,
2013, Pacific NorthWest LNG submitted its export application with
Canada's National Energy Board (NEB), seeking permission to
export 19.68 million tonnes of LNG annually for 25 years.
Including this recent NEB filing, a total of six LNG project
proposals in BC have received, or have submitted an application
for, an export licence. According to a BC government press release, these projects
Douglas Channel Energy Project –
Proponents are LNG Partners and Haisla Nation. Located in Kitimat
(floating facility). Received a 20-year export licence in February
2012, authoring the export of 1.8 million tonnes of LNG a
Kitimat LNG – Proponents are
Apache Canada Ltd. and Chevron Canada Limited. Located in Kitimat.
Received a 20-year export licence in October 2011, authoring the
export of 10 million tonnes of LNG a year.
Canada – Proponents are Shell Canada Ltd., Korea
Gas Corporation (KOGAS), Mitsubishi Corporation and PetroChina
Company Limited. Located in Kitimat. Received a 25-year export
licence in February 2013, authoring the export of 24 million tonnes
of LNG a year.
Pacific NorthWest LNG –
Proponents are PETRONAS, Progress Energy Canada Ltd. and Japan
Petroleum Exploration Co. Located in Prince Rupert. Submitted an
application to the NEB on July 5, 2013, to export 19.68 million
tonnes of LNG annually for 25 years.
Prince Rupert LNG – Proponent is
BG Group plc. Located in Prince Rupert. Submitted an application to
the NEB in June 2013, to export 21.6 million tonnes of LNG annually
for 25 years.
WCC LNG Ltd. project –
Proponents are Imperial Oil Resources Limited and ExxonMobil Canada
Ltd. Will be located in the vicinity of Kitimat or Prince Rupert.
Submitted an application to the NEB in June 2013, to export 30
million tonnes of LNG annually for 25 years.
Although final investment decisions have not been made, the
continued advancement of project permitting and regulatory matters
bodes well for BC's emerging LNG export industry. The BC
government is counting on LNG exports becoming a reality, given its
projections that this sector could boost the provincial economy,
provide thousands of jobs and create a BC Prosperity Fund worth
over $100 billion.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).