Fortis Signs Agreement to Supply LNG to Hawaii Electric
Posted on May 19, 2016 in LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Fortis Signs Agreement to Supply LNG to Hawaii Electric
Fortis Inc. announced today that its subsidiary, Fortis Hawaii Energy Inc., entered into an agreement to supply Hawaiian Electric Company, Inc. with 800,000 metric tons/year of LNG over 20-years from FortisBC’s Tilbury LNG facility in Delta, British Columbia, starting in 2021. According to the press release, to accommodate the agreement, a further expansion at FortisBC’s Tilbury LNG facility will be required. The deal is contingent upon government and regulatory approvals in both British Columbia and Hawaii and the approval of the merger of Hawaiian Electric and NextEra Energy Resources.