BG Group pressing pause button on Prince Rupert LNG, citing market conditions

A liquid natural gas tanker in Australia.

By Lauren Krugel, Canadian Press/Vancouver Sun, Oct 29, 2014

CALGARY – British energy firm BG Group is hitting the pause button on its proposed liquefied natural gas project near Prince Rupert, B.C., as it takes stock of shifting market conditions.

“All we’re doing at this point in time is pausing on Prince Rupert. We’re not abandoning Prince Rupert,” interim executive chairman Andrew Gould told analysts Tuesday on a conference call to discuss BG’s third-quarter results.

“We will continue to work on the project, but not at the same rhythm that perhaps we were working in 2014.”

Estimated LNG volumes from the United States are looking to be higher than previously expected at 90 million tonnes a year, versus 60 million tonnes, Gould said.

Nisga’a reach out for LNG development, offer land in exchange for jobs

Jeff Lewis, Financial Post, February 11, 2014

CALGARY – Generations of Nisga’a people have fished for salmon, eulachon and trout that flourish in the Nass River on British Columbia’s northern coast. These days, H. Mitchell Stevens is angling for a more lucrative catch.