By OGJ editors
HOUSTON, Aug. 6 -- Privately held Irving Oil Ltd., St. John, NB, has received approval to develop a $750 million (Can.) LNG receiving terminal at the company's existing Irving Canaport, an ice-free deepwater marine terminal near St. John (OGJ Online, Mar. 31, 2004).
The LNG terminal, scheduled to be operational in 2007, will have a throughput capacity of 1 bcfd of natural gas. In 2003, Irving increased both the capacity and cost of this project, which was $500 million (Can.) in 2001 when the project was first announced.
Current plans call for construction of three 160,000 cu m LNG storage tanks, regasification facilities, and a 350 m offloading jetty with mooring facilities for 200,000 cu m capacity LNG carriers.
Irving Canaport is closer than the US Gulf Coast to ports in Venezuela, Brazil, the North Sea, and West Africa. It is linked by pipelines to Irving's 250,000 b/d export refinery and the Bayside and Coleson Cove power plants, which have a total nameplate capacity of 1,325 Mw. The refinery accounted for 50% of Canada's total petroleum product exports to the US in 2003.
The approvals, following a 3 year permitting process, were issued by the New Brunswick Department of Environment and Local Government, Environment Canada, and Fisheries and Oceans Canada, in accordance with the provincial environmental assessment regulations and the federal Canadian Environmental Assessment Act.
