Friday, July 26, 2013

Woodfibre applies to export LNG from former B.C. pulp mill - Financial Post

Posted - July 7, 2013 - Jeff Lewis -  Financial Post

CALGARY – A company headed by an Indonesian billionaire has applied to Canadian regulators to export liquefied natural gas from a former pulp mill north of downtown Vancouver, in British Columbia’s Lower Mainland.
Woodfibre LNG Export Pte. Ltd. is seeking permission from Canada’s National Energy Board to export 2.1 million tonnes of liquid fuel per year, about 280 million cubic feet a day, for 25 years from a 212-acre site located at the head of Howe Sound southwest of Squamish, B.C. First shipments are targeted between 2017 and 2021, pending regulatory approvals and a final investment decision, the company said.
The proposal is tiny compared to the much larger export applications filed by ExxonMobil Corp., the U.K.’s BG Group Plc and Malaysia’s Petronas. It joins small-scale LNG schemes proposed by Houston-based LNG Partners LLC and by AltaGas Ltd. and Japan’s Idemitsu Kosan Co. Ltd. in seeking to export Canadian gas to Asian markets.

Post to be found at:
http://business.financialpost.com/2013/07/25/woodfibre-applies-to-export-lng-from-former-b-c-pulp-mill/?__lsa=2bbd-6079

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