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LNG Canada Terminal Owners Explore Expansion as First Tanker Departs
LNG Canada’s Shell-led ownership group is exploring an expansion of the massive terminal now that a tanker has departed from the $5.8-billion facility with the initial cargo bound for Asia.
The site in Kitimat, B.C., has capacity for two more processing units, or trains, in which natural gas is cooled and converted to LNG.
“We continue to explore pathways with our partners for a potential Phase 2,” Chris Cooper, LNG Canada’s CEO, told The Globe and Mail. “There are no guarantees at the minute.”
The recent tanker sailing capped the completion of the project that took approximately seven years to build.
Determining factors will include whether an expanded facility can deal with potential future federal and provincial greenhouse-gas emission limits.
That [final-investment decision] really needs all of those things to come together on competitiveness, affordability, GHG policy,” he told his interviewer.
Shell owns a majority (40%) stake in LNG Canada, while Malaysia’s Petronas holds a 25% stake, PetroChina and Japan’s Mitsubishi each have 15% and South Korea’s Kogas has 5%.
Pictured: Tanker at LNG Canada dock in Kitimat, B.C. with first cargo bound for Asia.
Photo: LNG Canada
- ◦Development
