Article Discusses Economic Issues Facing Canadian LNG Terminal Developers
Posted on Mar 26, 2013 in Canada & Mexico, LNG Exports, Markets and Competition | Comments Off on Article Discusses Economic Issues Facing Canadian LNG Terminal Developers
An article in the Calgary Herald discusses recent reports by Ernst & Young and FirstEnergy Capital on the global LNG market, and states that even though Canada’s political stability is attractive to LNG export terminal developers, economics may favor development of such terminals in the United States since converting a U.S. brownfield LNG import terminal to an LNG export...
Ottawa Declines to Classify LNG Export Facilities as Manufacturing and Processing
Posted on Mar 22, 2013 in Canada & Mexico, LNG Exports | Comments Off on Ottawa Declines to Classify LNG Export Facilities as Manufacturing and Processing
The Financial Post reports that Canada’s Budget 2013 does not include a classification of LNG export facilities as manufacturing and processing for tax purposes, as advocated by the Canadian Association of Petroleum Producers (CAPP). CAPP had pushed for the designation to accelerate depreciation on Canadian LNG export facilities which, according to CAPP, are at a disadvantage to...
Shell JV Receives Canadian Federal Approval for BC LNG Export Terminal
Posted on Feb 26, 2013 in Canada & Mexico, Federal Regulation, LNG Exports | Comments Off on Shell JV Receives Canadian Federal Approval for BC LNG Export Terminal
The Vancouver Sun reports that Canada’s Natural Resources Minister Joe Oliver announced federal approval of a 25-year export license to LNG Canada Development Inc., a joint venture among Shell Canada Ltd., Korea Gas Corp., Mitsubishi Corp. and PetroChina Co. Ltd. The export license is for up to 24 million tons per year from a proposed LNG terminal near Kitimat, British Columbia....
Public Comments Sought on Environmental Review of Progress Energy Canada’s Proposed LNG Export Terminal
Posted on Feb 19, 2013 in Canada & Mexico, Environmental, Federal Regulation, LNG Exports | Comments Off on Public Comments Sought on Environmental Review of Progress Energy Canada’s Proposed LNG Export Terminal
The Canadian Environmental Assessment Agency (CEAA) issued a notice today seeking public comments on whether a federal environmental assessment is required for Progress Energy Canada Ltd.’s proposed Pacific Northwest LNG Project in British Columbia. The project would consist of liquefaction, LNG storage facilities and a marine terminal near Prince Rupert, on Lelu Island. Public...
British Columbia Plans LNG Tax
Posted on Feb 14, 2013 in Canada & Mexico, LNG Exports | Comments Off on British Columbia Plans LNG Tax
The Canadian Press reports that the British Columbia government announced on Tuesday that it plans to impose a tax on LNG production that would contribute to a “Prosperity Fund” that would be used to reduce provincial debt. Details of the plan were not revealed. Read more in the Vancouver Sun...
Apache and Chevron Close Deal to Develop Kitimat LNG Project
Posted on Feb 12, 2013 in Canada & Mexico, LNG Exports | Comments Off on Apache and Chevron Close Deal to Develop Kitimat LNG Project
Apache Corporation announced yesterday that its subsidiary, Apache Canada Ltd., has completed a transaction with Chevron Corporation subsidiary Chevron Canada Limited to build and operate the Kitimat LNG project and develop gas resources at the Liard and Horn River basins in British Columbia, Canada. Chevron Canada and Apache Canada will each have a 50% ownership share of the Kitimat...