CALGARY, Feb. 20, 2014 /CNW/ - The National Energy Board (NEB or Board)
approved an application for a 25 year natural gas export licence to
Jordan Cove LNG L.P. (Jordan Cove LNG) to export natural gas. The
license is for a maximum term amount of 442.68 109 m3. The approved export points are existing natural gas pipelines that
cross the Canada/US border near Kingsgate and Huntingdon, BC.
Issuance of the licence to export natural gas is subject to the approval
of the Governor in Council (GiC).
Recent developments in gas production technology have resulted in a
significant increase in the Canadian gas resource base and North
American gas supply. One of the major impacts of this increase is lower
demand for Canadian gas in traditional gas markets in the United States
and eastern Canada. As a result, the Canadian gas industry is seeking
to access overseas gas markets.
When evaluating natural gas and LNG export licence applications, the
Board considers if the quantity of gas proposed to be exported is
surplus to Canadian requirements, taking into account trends in the
discovery of gas in Canada. Each application is assessed on its own
merits. The Board determined that the quantity of gas proposed to be
exported is surplus to Canadian requirements. The Board is satisfied
that the gas resource base in Canada, as well as North America, is
large and can accommodate reasonably foreseeable Canadian demand, this
natural gas export application, and a potential increase in demand. The
Canadian natural gas market will continue to respond appropriately to
changes in supply and demand.
The Board continuously monitors the Canadian and North American natural
gas market. The Board has technical expertise in gas market supply and
demand fundamentals and geological resource assessment. Natural gas market assessments, including long-term and short-term reports, are available on the
Board's website. For a full list, please see Energy Reports - Natural Gas.
The National Energy Board is an independent federal regulator of several
parts of Canada's energy industry with the safety of Canadians and
protection of the environment as its top priority. Its purpose is to
regulate pipelines, energy development and trade in the Canadian public
interest. For more information on the NEB and its mandate, please visit
This news release is also available on the Board's Internet site under What's New!
SOURCE: National Energy Board
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