Douglas Channel LNG Project Postponed

The Financial Post reports that the proposed small-scale Douglas Channel LNG liquefaction plant and export terminal in British Columbia has been postponed due to the inability of its sponsors “to secure meaningful off-take agreements for the project” and “due to adverse economic conditions and worsening global energy price levels.”  The sponsors of the project are AltaGas, Idemitsu Canada Corp., EDF Trading Ltd. and Exmar NV.



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