LNG Canada Submits Kitimat Terminal Proposal for Environmental Review

The British Columbia B.C. Environmental Assessment Office (EAO) has accepted LNG Canada’s application for an environmental assessment certificate for its proposed LNG export terminal at Kitimat, B.C.  According to the press release, the application now begins a 180-day application review phase, after which the EAO will refer its report and recommendations to the Minister of Environment and the Minister of Natural Gas Development, who will decide whether or not to approve the project, or request further information.  The project is estimated to cost between $25 billion and $40 billion according to a Financial Post article.  A final investment decision for the project has not yet been made.  LNG Canada is a joint venture company comprised of Shell Canada Energy (50%), an affiliate of Royal Dutch Shell plc, and affiliates of PetroChina (20%), Korea Gas Corporation (15%) and Mitsubishi Corporation (15%).

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