Indian Oil Corp. Acquires 10% Share of Pacific NorthWest LNG Terminal
Posted on Mar 7, 2014 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Indian Oil Corp. Acquires 10% Share of Pacific NorthWest LNG Terminal
Today, Progress Energy Canada Ltd. (Progress Energy) announced that it has entered into agreements with Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (Petronas) whereby Indian Oil Corporation Ltd. (Indian Oil), through its affiliates, will acquire a 10% interest in Progress Energy’s LNG-destined natural gas reserves in northeast British Columbia (B.C.) and in...
Goldboro LNG Export Terminal Receives Environmental Approval
Posted on Mar 7, 2014 in Canada & Mexico, Environmental, LNG Exports | Comments Off on Goldboro LNG Export Terminal Receives Environmental Approval
The Nova Scotia Environmental Assessment Review Panel issued a report recommending that the Nova Scotia Environment Minister approve, subject to the terms and conditions recommended by the panel, Pieridae Energy (Canada) Ltd.’s proposed Goldboro LNG export terminal in Guysborough County. The report states that “the panel believes that the risk that the project poses to the environment...
Canada Stewart Energy Group Files for National Energy Board LNG Export License
Posted on Mar 6, 2014 in Canada & Mexico, LNG Exports | Comments Off on Canada Stewart Energy Group Files for National Energy Board LNG Export License
Yesterday, Canada Stewart Energy Group (Stewart) filed an application with the Canadian National Energy Board to export 1475 Bcf/year of LNG over 25 years from a proposed land and floating liquefaction facility near Stewart, British Columbia. The Project will be capable of producing 4.04 Bcf/day of LNG and will be supplied by a proposed 800 km pipeline connecting Stewart’s Western...
Pacific Northwest LNG Submits EIS to B.C. and Canadian Regulators
Posted on Mar 4, 2014 in Canada & Mexico, LNG Exports | Comments Off on Pacific Northwest LNG Submits EIS to B.C. and Canadian Regulators
On Friday, Pacific Northwest LNG, a consortium comprised of Petronas, Japex and Petroleum Brunei, submitted an environmental impact statement (EIS) to both the Canadian Environmental Assessment Agency and the British Columbia (B.C.) Environmental Assessment Office for its proposed LNG export terminal on Lelu Island in Port Edward, near Prince Rupert, B.C. Read more in the press...
Apache Seeking Buyers for Share of Proposed Kitimat LNG Project
Posted on Feb 26, 2014 in Canada & Mexico, LNG Exports | Comments Off on Apache Seeking Buyers for Share of Proposed Kitimat LNG Project
Bloomberg reports that Apache Corporation is seeking to sell a share of its 50% interest in the proposed Kitimat LNG export terminal project in British Columbia. Chevron Canada owns the remaining 50% of the project. The article states that Apache has had serious discussions for the sale with buyers in Asian...
Petronas to Sell 25% Stake in Proposed B.C. LNG Terminal
Posted on Feb 25, 2014 in Canada & Mexico, LNG Exports | Comments Off on Petronas to Sell 25% Stake in Proposed B.C. LNG Terminal
Reuters reported that Malaysian oil company Petronas has agreed to sell an additional 25% share in its affiliate Progress Energy Resources’ Canadian shale gas assets and proposed LNG project. An Economic Times report states that Indian Oil Corporation will purchase a 10% share for $900 million, and the remaining 15% may be purchased by an undisclosed Chinese company. Petronas...