Pacific NorthWest Applies for LNG Export License
Pacific NorthWest LNG on Friday 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, British Columbia.
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, in a press release. "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, full-time jobs.
"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 in the press release. "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 percent interest in the project and JAPEX with the remaining 10 percent 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 late 2013.
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