Group cancels Douglas Channel LNG project | Oil & Gas Journal

Work has ceased on the Douglas Channel LNG project near Kitimat, BC (OGJ Online, Jan. 29, 2015).

Exmar NV, EDF Trading, and AIJVLP, a joint venture of AltaGas Ltd. and Idemitsu Kosan Co. Ltd., planned a 550,000-tonne/year, barge-mounted floating facility based on natural gas moved from western Canada via the Pacific Northern Gas Ltd. system.

“The worsening global energy price levels and a challenging market environment have caused the consortium to withdraw from the project,” the group said.

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