By OGJ editors
HOUSTON, June 15 -- WestPac LNG Corp. has begun regulatory review for its proposed $350 million LNG terminal on Ridley Island near Prince Rupert, BC.
WestPac, Calgary, has filed a project description with the Prince Rupert Port Authority. If approved, the Prince Rupert LNG terminal could be operational in 2011.
The project would have a total receiving capacity of 1 bcfd gas equivalent of LNG, a liquids extraction facility, and storage.
Regasification facilities would have a capacity of 130 MMcfd and connections to existing pipelines.
The port authority has signed a memorandum of understanding with WestPac for a 30-year lease with a provision for three 10-year extensions.
