NEB grants export licenses for two LNG projects

Canada’s National Energy Board has approved applications for 25-year natural gas export licenses for two proposed LNG export projects.

Aurora Liquefied Natural Gas Ltd. received approval to export a maximum of 24 million tonnes/year of LNG from its proposed site near Prince Rupert, BC. Oregon LNG Marketing Co. LLC received approval to export a maximum of about 10.5 million tpy from its site near Kingsgate and Huntingdon, BC.

Aurora LNG is a joint venture of Nexen (a division of CNOOC), Inpex Corp., and JGC Corp. In November last year, it acquired exclusive rights to almost 1,900 acres of BC government land and deepwater access at Grassy Point, 18 miles north of Prince Rupert, for an LNG export plant (OGJ, Apr. 7, 2014, p. 108). CNOOC acquired Nexen in 2012 to improve its access to Western Canadian shale gas.

Nexen’s web site claims that third-party evaluators have estimated that the natural gas assets Nexen and its joint venture partners share in the Horn River and Cordova basins hold as much as 15 tcf of recoverable resources, while the Liard lands may contain as much as 23 tcf of “prospective resource.”

Oregon LNG Marketing is majority owned by Leucadia National Corp.

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