Free Trial

LNG Canada Plant 85% Finished, Aims for Start Up Activity Within Next Year

LNG

LNG Canada will begin some start-up activity within the next year, with the first cargoes scheduled for the middle of the decade according to Jason Klein, chief executive officer of the global consortium behind the project.

  • The 14m metric ton a year liquefaction plant in Kitimat on Canada’s West Coast is 85% finished with the last of the major liquefaction modules scheduled to arrive by month end.
  • A planned second phase for the project is still under evaluation by the partners, which include Shell, Petroliam Nasional Bhd, PetroChina Company Ltd., Mitsubishi Corp. and Korea Gas Corp. The project is aiming for an all-electric second phase to cut emissions but could start using gas turbines until more power can be supplied.
  • LNG Canada is estimated to cost C$40 billion ($30 billion) including the cost of the liquefaction plant, pipeline and gas drilling.
  • The project could focus on Asia buyers with benefits from a shorter shipping distance and ample gas supply such as the Montney and Duvernay basins in British Columbia and Alberta.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.