On October 13th a project to export liquefied natural gas from British Columbia’s west coast to markets in Asia received approval from Canadian regulators. KM LNG, a joint venture between Apache Corp. (APA), Encana Inc. (ECA) and EOG Resources Inc. (EOG), received the license from Canada’s National Energy Board to export from a deepwater port in Kitimat, BC.
The license is a step forward for the project, initially estimated to cost CAD 5.6 billion, which is still undergoing a feasibility study by the partners. If they decide to build it, the terminal could begin shipping natural gas to markets in Asia by late 2015, eventually shipping up to 1.4 billion cu/ft of natural gas a day.
The license is a step forward for the project, initially estimated to cost CAD 5.6 billion, which is still undergoing a feasibility study by the partners. If they decide to build it, the terminal could begin shipping natural gas to markets in Asia by late 2015, eventually shipping up to 1.4 billion cu/ft of natural gas a day.