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Researched by Industrial Info Resources (Sugar Land, Texas)--LNG Canada (Kitimat, British Columbia), which is owned mostly by Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), has received a new investor for its liquefied natural gas (LNG) project in Kitimat. Malaysia's Petroliam Nasional Berhad (Petronas) (Kuala Lumpur) has agreed to become a 25% investor in the project, which was first announced in 2012, but like other Canadian LNG projects has been consistently delayed. Industrial Info is tracking more than $121 billion in potential Canadian LNG projects.
Petronas, which has natural gas assets in British Columbia's North Montney Shale, cancelled plans last year to construct an LNG plant of its own in British Columbia. The company cancelled its plans because of a glut of LNG on the market and depressed prices at the time. For more information, see July 26, 2017, article - Developers Cancel Pacific NorthWest LNG Project, Future of Related Pipeline in Question. The depressed LNG market in recent years has been one of the main reasons planned Canadian LNG plants have not moved forward. However, prices are increasing and many experts are expecting a much tighter market in the coming years.
Industrial Info first reported on the LNG Canada project in 2012. The project will have two 6.5 million-metric-ton-per-year production trains and two 225,000-cubic-meter full containment storage tanks. Canada's National Energy Board has approved permits and export permission for the project. A joint venture of Fluor Corporation (NYSE:FLR) (Irving, Texas) and JGC American Incorporated (Houston, Texas) is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $25 billion. With Petronas' investment, Shell's ownership in the project will drop from 50% to 40%. Other owners of the project include PetroChina Company Limited (Beijing, China), Mitsubishi Corporation (Tokyo, Japan) and Korea Gas Corporation (Daegu, South Korea). Petronas' investment could be the impetus to get the project started as early as next year. Once started, construction would take an estimated three years to complete. For more information, see Industrial Info's project report.
Time will tell about other Canadian LNG projects as well. Among these is Steelhead LNG Corporation's (Vancouver, British Columbia) planned LNG terminal near Port Alberni, British Columbian. The plant would have two 6 million-ton-per-year trains. WorleyParsons (North Sydney, Australia) is performing design engineering on the project, which has an estimated TIV of $15 billion. An additional Phase II expansion is on the planning table, but Industrial Info has classified this as having a low probability of moving forward. For more information, see Industrial Info's project reports on Phase I and Phase II of the project.
Also in Kitimat, Kitimat LNG Incorporated (Kitimat) is planning to construct a single-train, 5 million-ton-per-year LNG production plant. A consortium of Fluor and JGC America is performing EPC on the project, which has an estimated TIV of $3 billion. The facility would include marine facilities with a dock to accommodate 266,000-cubic-meter LNG carriers. For more information, see Industrial Info's project report.
While most Canada LNG projects are planned for British Columbia in the western part of the country, a few are taking aim at the European market by being planned in Nova Scotia, on the Atlantic Ocean. Among these is Magnolia LNG LLC's (Houston, Texas) planned LNG liquefaction and export facility near Port Hawkesbury. The facility would be constructed on a partly completed LNG import and regasification facility owned by Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas). The facility would have two 4 million-ton-per-year liquefaction trains. Some of the gas would be sourced from the Marcellus Shale in the U.S. Construction would take an estimated four years to complete once started. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
Petronas, which has natural gas assets in British Columbia's North Montney Shale, cancelled plans last year to construct an LNG plant of its own in British Columbia. The company cancelled its plans because of a glut of LNG on the market and depressed prices at the time. For more information, see July 26, 2017, article - Developers Cancel Pacific NorthWest LNG Project, Future of Related Pipeline in Question. The depressed LNG market in recent years has been one of the main reasons planned Canadian LNG plants have not moved forward. However, prices are increasing and many experts are expecting a much tighter market in the coming years.
Industrial Info first reported on the LNG Canada project in 2012. The project will have two 6.5 million-metric-ton-per-year production trains and two 225,000-cubic-meter full containment storage tanks. Canada's National Energy Board has approved permits and export permission for the project. A joint venture of Fluor Corporation (NYSE:FLR) (Irving, Texas) and JGC American Incorporated (Houston, Texas) is performing engineering, procurement and construction (EPC) on the project, which has an estimated total investment value (TIV) of $25 billion. With Petronas' investment, Shell's ownership in the project will drop from 50% to 40%. Other owners of the project include PetroChina Company Limited (Beijing, China), Mitsubishi Corporation (Tokyo, Japan) and Korea Gas Corporation (Daegu, South Korea). Petronas' investment could be the impetus to get the project started as early as next year. Once started, construction would take an estimated three years to complete. For more information, see Industrial Info's project report.
Time will tell about other Canadian LNG projects as well. Among these is Steelhead LNG Corporation's (Vancouver, British Columbia) planned LNG terminal near Port Alberni, British Columbian. The plant would have two 6 million-ton-per-year trains. WorleyParsons (North Sydney, Australia) is performing design engineering on the project, which has an estimated TIV of $15 billion. An additional Phase II expansion is on the planning table, but Industrial Info has classified this as having a low probability of moving forward. For more information, see Industrial Info's project reports on Phase I and Phase II of the project.
Also in Kitimat, Kitimat LNG Incorporated (Kitimat) is planning to construct a single-train, 5 million-ton-per-year LNG production plant. A consortium of Fluor and JGC America is performing EPC on the project, which has an estimated TIV of $3 billion. The facility would include marine facilities with a dock to accommodate 266,000-cubic-meter LNG carriers. For more information, see Industrial Info's project report.
While most Canada LNG projects are planned for British Columbia in the western part of the country, a few are taking aim at the European market by being planned in Nova Scotia, on the Atlantic Ocean. Among these is Magnolia LNG LLC's (Houston, Texas) planned LNG liquefaction and export facility near Port Hawkesbury. The facility would be constructed on a partly completed LNG import and regasification facility owned by Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas). The facility would have two 4 million-ton-per-year liquefaction trains. Some of the gas would be sourced from the Marcellus Shale in the U.S. Construction would take an estimated four years to complete once started. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
