Custom Search
Top Stories
Go to Site Index See "Top Stories" main page
REPORTING · 15th May 2012
Shell Canada
Global energy firms announce LNG Canada, consultation begins with First Nations and local communities

Shell Canada Limited, Korea Gas Corporation (KOGAS), Mitsubishi Corporation, and PetroChina Company Limited today announced they are jointly developing a proposed liquefied natural gas (LNG) export facility near Kitimat, British Columbia. The LNG Canada project (www.LNGCanada.ca - opens in new window) brings together the four companies’ extensive development experience, technical depth, financial strength and access to markets required to be the leading LNG developer in Canada. LNG Canada would connect the abundant supply of Canadian natural gas to growing markets around the world. This also begins the formal consultation process with First Nations and local community residents regarding the project.

Shell holds a 40-percent working interest, with KOGAS, Mitsubishi and PetroChina each holding a 20-percent working interest. “Our combined expertise, and our focus on technological innovation in delivering safe and environmentally sound LNG projects around the globe, ensures that our LNG Canada project would be well-suited to deliver long-term value for British Columbia and increase access to new export markets for Canada,” says Jose-Alberto Lima, Shell’s Vice President LNG Americas, Shell Energy Resources Company.

The proposed LNG Canada project would include the design, construction and operation of a gas liquefaction plant, and facilities for the storage and export of liquefied natural gas (LNG), including marine off-loading facilities and shipping. LNG Canada would create significant economic benefit for the province, First Nations, local communities and the region. Such a project can create thousands of jobs during construction and hundreds of full-time, permanent jobs during operations.

Such a significant energy project can also bring indirect economic development opportunities to the region.

A decision to move this project into development would be taken after conducting necessary engineering, environmental and stakeholder engagement work with start up around the end of the decade, pending regulatory approvals and investment decisions.

“As the world’s largest operator of LNG import terminals, we recognize the potential value of the LNG Canada project for our company and for British Columbia, and look forward to conducting business in B.C. with respect for all local residents and their traditions,” said Mr. Young Sik Kwon, Vice President of Korea Gas Corporation.

LNG Canada will initially consist of two LNG processing units referred to as “trains”, each with the capacity to produce six million tonnes of LNG annually, with an option to expand the project in the future.

“We have a history of working with our joint-venture partners, as well as conducting business in Canada,” said Junichi Iseda, Senior Vice President, Mitsubishi Corporation. “We look forward to continuing to invest in Canada through this project, creating economic growth and new, important trade links between our two nations.”

The demand for natural gas, the cleanest burning fossil fuel, remains high in Asia and other markets. LNG Canada would deliver a project that offers a new source of LNG to global markets, while providing benefits to Canada, British Columbia and its coastal region.

“This project will contribute to a further strengthening of trade relationships between China and Canada and will help China use clean burning natural gas to fuel its economic growth,” said Bo Qiliang, Vice President, PetroChina Company Limited.
What is stupid?
Comment by Apocalypse Now on 27th May 2012
Well if you ask me building an LNG plant so close to the town. You have the equivalent of a nuclear bomb being built in city limits. At least Apache and Kitimat lng are built a little ways behind some shelter. Does anybody care or are we all blinded by the greed. Every one wants $ 400k for their houses now so it seems every one is willing to over look the serious consequences of building these plants so close to town. On another note ,the gas to supply these plants comes from the highly destructive method of fracking ,which is at the headwaters of the Skeena. They have been protesting there against shell for years. So don't count on any of these projects getting off the ground soon.
RE: Chinese People
Comment by LINDA HALYK on 26th May 2012
It is not the Chinese that are stupid it is Canadian's that are stupid, we keep allowing the government and private big corp's to rip us off. With all the oil and gas we have in this country we should be paying next to nothing for it but NO, we pay some of the highest prices in the world. Then we give tax breaks and sell below Canadian consumer prices to ship it to the world.
Did I miss something in the article?
Comment by Apocalypse Now on 17th May 2012
What money should the Municipality have to kick in?