Group cancels Douglas Channel LNG project

Work has ceased on the Douglas Channel LNG project near Kitimat, BC.

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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