VANCOUVER, July 5, 2013 /CNW/ - Today Pacific NorthWest LNG applied to
the National Energy Board (NEB) for a license to export liquefied
natural gas (LNG) from its proposed LNG export facility in Port Edward,
Pacific NorthWest LNG has applied for a license to export up to 19.68
million tonnes of LNG per year for 25 years beginning in 2019.
"Today's filing for an NEB export license is another important step to
bring this tremendous opportunity to reality. We believe the successful
completion of our project will create long-term, multi-generational
benefits for First Nations, northwest BC, the province and the country
as a whole," said Greg Kist, President of Pacific NorthWest LNG. "While
we continue our work to reach a final investment decision in late 2014,
we believe that our project has all of the key components of a
successful, world-class LNG development."
The proposed facility represents an investment of $9 billion to $11
billion, and will create up to 3,500 direct jobs during construction.
Once operational, the LNG facility will create 200 to 300 permanent,
"Pacific NorthWest LNG's export application is more welcome news, which
will help us achieve our goal to be a leader in clean energy supply and
export," said Premier Christy Clark. "Our ability to reach new markets
will enable British Columbia's natural gas to create new jobs,
strengthen our economy, and lead to a debt-free future."
Pacific NorthWest LNG will be supplied with natural gas sourced
primarily from Progress Energy Canada's assets in northeast British
Columbia. The export project is ultimately owned, through various
subsidiaries, by PETRONAS with a 90 per cent interest in the project
and JAPEX with the remaining 10 per cent interest.
The project submitted its Project Description to the Canadian
Environmental Assessment Agency (CEAA) in February, 2013. CEAA has
issued Environmental Impact Statement guidelines that will act as terms
of reference for the project's environmental assessment. Pacific
NorthWest LNG intends to submit its Environmental Assessment to CEAA in
About Pacific NorthWest LNG
Pacific NorthWest LNG is planning to build a world-class LNG export
facility on Canada's west coast on Lelu Island in Port Edward, near
Prince Rupert, British Columbia. The proposed facility will comprise an
initial development of two LNG trains of approximately six million
tonnes per annum (mtpa) each, and a subsequent development of a third
train of approximately six mtpa. The proposed facility would liquefy
and export natural gas produced by Progress Energy Canada in
northeastern British Columbia. Pacific NorthWest LNG is committed to
generating new economic and social benefits for the local community,
First Nation's, British Columbia and Canada in an environmentally safe
and sustainable manner. The export project is ultimately owned, through
various subsidiaries, by PETRONAS with a 90 per cent interest in the
project, and JAPEX (Japan Petroleum Exploration Co.) with the remaining
10 per cent.
SOURCE: Pacific NorthWest LNG Ltd.
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For more information about Pacific NorthWest LNG, please visit www.pacificnorthwestlng.com.