Canadians Give Nod To Newfoundland LNG Plan
The Canadian government has given the environmental green light for Newfoundland LNG Ltd. on its quest to build an LNG receiving terminal in Newfoundland.
The terminal–which carries a price tag of US$1.4 billion–will be located on Placentia Bay, near Harvest Energy Trust’s Come by Chance refinery, the Whiffen Head transshipment facility and the Bull Arm fabrication yard.
As planned, the facility would consist of a three-berth wharf, a tugboat basin and eight storage tanks with a capacity of 160,000 cubic meters.
According to earlier statements by Newfoundland LNG, the terminal could be operational by 2010.
Stay tuned. More to come. It’s pretty safe to say the North American LNG industry is in a state of flux–with greens hardening their stance against new facilities along the U.S. East and West coasts and even along the Gulf Coast and Canadian developers looking at a gas-hungry market in the U.S. North.
–John A. Sullivan, News Editor, Oil and Gas Investor, www.OilandGasInvestor.com, jsullivan@hartenergy.com
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