Tag Archives: BCLNG

Douglas Channel Energy signs preliminary deal for two LNG tankers

LNG Partners LLC, of Houston, one of the backers of Douglas Channel Energy,  the BC LNG Douglas Channel Project, a partnership between LNG firms and the Haisla Nation, has signed a preliminary deal with Golar LNG for two tankers. Golar LNG, which describes itself on its website as “one of the world’s largest independent owners and operators of LNG carriers” said in its interim results report to shareholders on November 28:   On October 10, Golar entered into a 90 day Vessel Charter Option Agreement…

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Spectra Energy, BG Group propose natural gas pipeline to Prince Rupert, creating fourth NW BC LNG project

Spectra Energy Corp of Houston, Texas, today announced that the company has signed a Project Development Agreement with BG Group PLC, based in the United Kingdom, to jointly develop plans for a natural gas transportation system from northeast B.C. to serve BG Group’s potential liquefied natural gas (LNG) export facility in Prince Rupert. The BG group signed an agreement last February with the Prince Rupert Port Authority  for a feasibility study to develop an LNG terminal at the port.     A release from Spectra…

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A window of opportunity opens in Japan for Canadian LNG: Alberta Oil

Energy Alberta Oil magazine says in A window of opportunity opens in Japan for Canadian LNG Nuclear outages in Japan continue to stoke demand for delivering Canadian gas to the Far East. Look for oil- and natural gas-fired generation to offset a precipitous drop in atomic capacity as maintenance work at plants, combined with public safety pressures, keeps a fleet of 54 reactors from running at full capacity, the International Energy Agency (IEA) says. Japan’s nuclear reactors normally account for 27 per cent of the…

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Links: World hunger for LNG on the rise

Energy Links Alberta OilThe clock is ticking on West Coast LNG shipments Nuclear outages in Japan stoke Canadian export plans The uptick in LNG consumption is potentially good news for a suite of liquefaction plants taking shape on the northwest coast of British Columbia. Japan is one of several potential sales targets for the Apache Canada Ltd.-led Kitimat LNG project, which is currently awaiting approval from the National Energy Board to begin shipping five million tonnes of the stuff annually from a new facility at…

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How Kitimat harbour will look if both Northern Gateway and KM LNG go ahead

Detail of a map filed by Enbridge Northern Gateway with the Joint Review Panel showing the foot print of the proposed bitumen terminal and the LNG terminal.  The proposed BC LNG terminal would add a third terminal at North Cove (green text on this map) A recent filing by the Enbridge Northern Gateway project with the Joint Review Panel shows just what Kitimat harbour and the service area will look like if the liquified natural gas projects go ahead and so does the Northern Gateway.…

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“Front End Engineering” begins for BC LNG

Energy The Hart Energy  E&P (exploration and production) newsletter is reporting that an Overland,  Kansas based company, Black & Veatch,  a multi-billion dollar, employee-owned engineering firm founded in 1915,  is beginning front end engineering (FEED) for the second proposed Kitimat liquified natural gas facility, BC LNG. Although no information appears on the Black & Veatch website, the newsletter quotes Tom Tatham, the managing director of  Douglas Channel Gas Services Ltd, the company which will contract with energy firms wanting to export through the BC LNG…

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NEB gets ready for BC LNG hearings, first step for second Kitimat project

Energy The National Energy Board has announced it will hold hearings on the second proposed liquified natural gas project, saying, the hearings will “consider an application submitted by BC LNG Export Co-operative LLC (BC LNG) for a 20-year licence to export liquefied natural gas (LNG) from Canada to Pacific Rim markets.” Once again under the NEB’s rules of procedure, the hearings will be limited to granting the export licence, with or without conditions and will follow the so-called “market-based procedure” set up for the NEB after deregulation…

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PNG ratings give hint what of financial markets think of Kitimat

The outlook for Pacific Northern Gas issued by Canada’s Dominion Bond Rating Service on Friday not only gives an indication of the financial health of the company, it also gives a window into what the financial markets think of the prospects for Kitimat and the region, DBRS gave Pacific Northern Gas “Secured Debentures and Cumulative Redeemable Preferred Share ratings… BBB (low) and Pfd-3 (low), respectively, both with Stable trends,” DBRS said a news release dated June 10, 2011. DBRS says that like all utilities, PNG…

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