LNG Canada chief executive says it will move ‘immediately’ into construction
Construction is going ahead on a massive, $40-billion liquefied natural gas project in northern B.C., hours after five primary investors from five different countries granted their approval for the joint venture.
The LNG Canada project will see a pipeline carrying natural gas from Dawson Creek in northeastern B.C. to a new processing plant on the coast in Kitimat. There, the gas would be liquefied for overseas export. Read the rest of this entry
by Derrick Penner, Vancouver Sun, December 10, 2016
The consortium proposing a $40 billion liquefied natural gas development at Kitimat is calling for bids to find a new lead construction contractor looking to shore up costs while the project is under an indefinite delay. Read the rest of this entry
Consortium says liquefied natural gas facility in Kitimat, B.C., still ‘a promising opportunity’
The Canadian Press, July 12, 2016
Instability in global energy markets has caused the international partners in a proposed liquefied natural gas project in Kitimat, B.C., to delay their final decision on the venture indefinitely.
LNG Canada CEO Andy Calitz said in a conference call Monday that a drop in natural gas prices around the world, particularly in Asia, has made the project too expensive for now. Read the rest of this entry
Joint venture is made up of Shell Canada, affiliates of PetroChina, Korea Gas and Mistubishi
By Laura Kane, The Canadian Press, Jan 6, 2016
A joint venture company led by Shell has obtained the first permit to build a liquefied natural gas export facility in northern British Columbia, but the company has yet to make a final commitment to go ahead with the project. Read the rest of this entry