Tag: Business

Jeffery Epstein’s bank tipped him and others about future LNG development in Kitimat, Justice Dept. files reveal

In 2011, J. P. Morgan Chase, Jeffery Epstein’s bank, tipped him and others about future LNG development in Kitimat,  US Justice Dept files reveal. The Justice Department’s wide ranging release of files on convicted sex predator Jeffrey Epstein has yielded a surprising footnote, the first hints of liquefied natural gas development in Kitimat. Epstein was […]

Shell, Mitsubishi seeking buyers for stake in LNG Canada: Energy media reports

The energy media, including Reuters  and Upstream Online  are reporting that both Shell and Mitsubishi are looking to possibly sell off significant portions of their stake in LNG Canada. Petronas, another of the partners in LNG Canada, has already sold off 20 per cent of its stake in the project to a liquified natural gas […]

Can Kitimat's historic CN railway station be saved from demolition?

Analysis    (Long Read) A crowd gathers at the Kitimat CN Station sometime in 1955. This picture may be of the station opening since the windows and trim are unpainted. (Walter Turkenburg/Kitimat Museum & Archives. ) See Note 1. UPDATE:  There  will be a public meeting to discuss the future of the station in Kitimat on […]

Kitimat welcomes new BC NDP government LNG policy

UPDATED with District of Kitimat news release The District of Kitimat is very pleased with the decision that the BC government issued today removing some of the barriers associated with the establishment of an LNG industry in BC. This will promote access for natural gas from BC to be exported as LNG to international markets. […]

Northern Gateway announces it will not appeal Appeal Court decision that stopped project approval, will continue "consultations"

  Northern Gateway pipelines says the company will not appeal the Federal Court of Appeal decision that blocked the approval certificate by the Joint Review Panel and the National Energy Board because there had been insufficient consultation with First Nations. UPDATE  Vancouver Sun reports Federal government will also not appeal decision OTTAWA — The federal […]

Don’t expect a Final Investment Decision on LNG until (or if) Brexit is resolved

Analysis Monday's decision by LNG Canada to postpone the all-important Final Investment Decision for the Kitimat liguified natural gas project came as a momentary shock—but no real surprise. After the Brexit vote, you could see the hold button blinking from across the Atlantic. Andy Calitz CEO of LNG Canada and a long time, experienced, executive […]

LNG Canada postpones Final Investment Decision

LNG Canada has postponed the Final Investment Decision on the Kitimat project citing the "impact of global industry challenges."  The latest estimates said that the project would cost $40 billion. The news release says that despite strong community support and regulatory approval,  what LNG Canada called "the context of global industry challenges, including capital constraints" […]

LNG Canada Kitimat project receives BC facility permit

The Shell-led LNG Canada project in Kitimat has received a facility permit from the B.C. Oil and Gas Commission (OGC), the company said Tuesday. A news release from LNG Canada says the permit is  one of the key permits required for the construction and operation of the proposed LNG Canada project. LNG Canada is the […]