Four companies submit proposals for new LNG terminal near Prince Rupert

An additional four companies are looking to locate an LNG terminal near Prince Rupert, the B.C. Ministry of Energy announced on Wednesday.

According to the Ministry, the government released an Expression of Interest for development on Crown land at Grassy Point near the entrance to Work Channel. Those interested had to show the financial capacity to develop a terminal, experience in the development of LNG facilities and ownership of a source of LNG. The province also asked for the companies to include a project description, a plan for First Nations and community consultation and potential partnerships.

The result was four companies from around the globe submitting proposals.

Australian energy giant Nexen was joined by the largest producer of oil and gas in China and a Japanese petroleum company, in their proposals. Australia's largest independent oil and gas company, Woodside Petroleum Ltd., expressed their interest, as did SK E&S, a Korean-based gas and electricity company. There was only one Canadian firm expressing interest, which was a partnering of Imperial Oil and ExxonMobile Canada.

The EOI process was initiated in late February, following conversations with First Nations. The EOI was officially closed on March 18, 2013.

Look for more on this story in the April 17 issue of the Prince Rupert Northern View.

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Please read this Vancouver Sun (front page story) .This is a Major game changer for our HBK-V "Swamp Point North" aggregate deposit .This "Third LNG Site Grassy Point site" is at the end of the Portland Canal which makes it under 40 miles from us! Obviously this bodes very well for our companies construction aggregate for quite some time!

"Multinational companies including Nexen, Imperial Oil/ExxonMobil, Woodside Petroleum of Australia and Korea’s SK E&S are the latest LNG proponents on a list that already includes Shell, PetroChina, Chevron Canada, BG Group and Petronas."

Read more: http://www.vancouversun.com/Four+more+export+projects+proposed/8224911/story.html#ixzz2QBEnWvF0