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Released September 29, 2016 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's federal government has approved the Pacific NorthWest LNG (Liquefied Natural Gas) project in British Columbia, with 190 legally binding conditions, according to CBC News. Environment Minister Catherine McKenna said the project is worth an estimated $11 billion and would be one of Canada's largest resource development projects. Industrial Info is tracking $184.8 billion in active LNG projects in Canada, including $13.05 billion in projects related to Pacific NorthWest LNG.
McKenna said the approval decision was taken following "extensive studies" on the project's environmental impact, including consultations with First Nations. In a press release, the Canadian Environmental Assessment Agency said that indigenous peoples were "meaningfully consulted" and that the project will be subject to a "rigorous compliance and enforcement regime."
The proposed site for the project is Lelu Island, which is two miles south of Port Edward, British Columbia. The major component is the $10 billion LNG liquefaction plant, will consist of two trains, each with a capacity of 6 million tonnes of LNG per year; two LNG storage tanks, each with a capacity of 180,000 cubic meters; and boat-loading facilities to export the product to Asian markets. The natural gas feedstock is to be sourced from the North Montney Shale. For more information, including management and contractor contact information, see Industrial Info's project report.
Industrial Info also is tracking a proposed, $3 billion third train, which also would have a capacity of 6 million tonnes per year, a 180,000-cubic-meter storage tank and a $50 million pretreatment unit that would process 2 billion cubic feet per day of natural gas from the North Montney. Construction of the third train would not begin until the first two are completed. For more information, see Industrial Info's project reports on the proposed third train and the pretreatment unit.
Pacific NorthWest LNG already has set up tolling agreements with Petroliam Nasional Berhad (Petronas) (Kuala Lampur, Malaysia), Japan Petroleum Exploration Company (Tokyo) (JAPEX), Petroleum Brunei Petrochemical Company (Bandar Seri Begawan, Brunei), Indian Oil Corporation Limited (New Delhi) and Sinopec Group (Beijing, China).
For as long as the project has been proposed, environmental activists and First Nations have expresses deep concerns about carbon emissions and detrimental effects on local wildlife, particularly fish. According to CBC News, the 190 regulations are stringent and "cover everything from wetland management, the quality of freshwater fish and fish habitat, marine fish and mammals, migratory birds, human health, concerns over cultural heritage sites and long-term environmental monitoring."
"The Pacific NorthWest LNG Project is a major opportunity to grow the economy," the Canadian Environmental Assessment Agency said in its press release. "The project represents one of Canada's largest resource development projects with a total capital investment of up to $36 billion when accounting for upstream natural gas development. During construction, the project will create an estimated 4500 jobs and an additional 630 direct and indirect jobs during the operation of the facility. As well as benefiting from job creation throughout the region, local First Nations communities will also benefit significantly through agreements reached with the proponent."
For more information on the numerous hurdles before Canada's Oil & Gas Industry, see May 13, 2016, article - Outside Alberta, Canada's Oil & Gas Industry Still Faces Numerous Challenges.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
McKenna said the approval decision was taken following "extensive studies" on the project's environmental impact, including consultations with First Nations. In a press release, the Canadian Environmental Assessment Agency said that indigenous peoples were "meaningfully consulted" and that the project will be subject to a "rigorous compliance and enforcement regime."
The proposed site for the project is Lelu Island, which is two miles south of Port Edward, British Columbia. The major component is the $10 billion LNG liquefaction plant, will consist of two trains, each with a capacity of 6 million tonnes of LNG per year; two LNG storage tanks, each with a capacity of 180,000 cubic meters; and boat-loading facilities to export the product to Asian markets. The natural gas feedstock is to be sourced from the North Montney Shale. For more information, including management and contractor contact information, see Industrial Info's project report.
Industrial Info also is tracking a proposed, $3 billion third train, which also would have a capacity of 6 million tonnes per year, a 180,000-cubic-meter storage tank and a $50 million pretreatment unit that would process 2 billion cubic feet per day of natural gas from the North Montney. Construction of the third train would not begin until the first two are completed. For more information, see Industrial Info's project reports on the proposed third train and the pretreatment unit.
Pacific NorthWest LNG already has set up tolling agreements with Petroliam Nasional Berhad (Petronas) (Kuala Lampur, Malaysia), Japan Petroleum Exploration Company (Tokyo) (JAPEX), Petroleum Brunei Petrochemical Company (Bandar Seri Begawan, Brunei), Indian Oil Corporation Limited (New Delhi) and Sinopec Group (Beijing, China).
For as long as the project has been proposed, environmental activists and First Nations have expresses deep concerns about carbon emissions and detrimental effects on local wildlife, particularly fish. According to CBC News, the 190 regulations are stringent and "cover everything from wetland management, the quality of freshwater fish and fish habitat, marine fish and mammals, migratory birds, human health, concerns over cultural heritage sites and long-term environmental monitoring."
"The Pacific NorthWest LNG Project is a major opportunity to grow the economy," the Canadian Environmental Assessment Agency said in its press release. "The project represents one of Canada's largest resource development projects with a total capital investment of up to $36 billion when accounting for upstream natural gas development. During construction, the project will create an estimated 4500 jobs and an additional 630 direct and indirect jobs during the operation of the facility. As well as benefiting from job creation throughout the region, local First Nations communities will also benefit significantly through agreements reached with the proponent."
For more information on the numerous hurdles before Canada's Oil & Gas Industry, see May 13, 2016, article - Outside Alberta, Canada's Oil & Gas Industry Still Faces Numerous Challenges.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
