MapleLNG Gets Nod to Construct Liquefied Natural Gas Project

The MapleLNG liquefied natural gas project in Goldboro, Nova Scotia received approval for a Permit to Construct from the Nova Scotia Utility and Review Board. The Permit is another step forward for the project that has also received environmental approvals from the federal and provincial governments.

With the UARB permit and environmental approvals in place, the MapleLNG project will move into the next phase of development which involves technical and commercial aspects, project sanction and onsite construction.

MapleLNG also continues to address conditions attached to its provincial environmental approval. The conditions are expected to be completed within the next number of weeks.

The liquefied natural gas terminal was purchased by 4Gas and Suntera from Keltic Petrochemicals in March 2006. The Nova Scotia project is one of five terminals that 4Gas, MapleLNG's majority shareholder, is developing to create a strong international presence with a global reach into continental Europe, Asia and North America.

The MapleLNG terminal has a strategic advantage in the international LNG marketplace where suppliers seek access to multiple markets including the premium value natural gas markets in Canada and the United States. Goldboro offers an attractive location as the closest point in North America for LNG delivery from the majority of international suppliers.

MapleLNG will construct and operate the LNG importation and regasification facility. The terminal will be located adjacent to the Maritimes and Northeast Pipeline intake station at the Sable Offshore Energy Gas Plant in Goldboro. The terminal location will enable MapleLNG to serve the substantial Canadian and U.S. natural gas markets beginning 2011 through a pipeline transmission system that transports natural gas from Nova Scotia to markets in Canada and the North Eastern United States. MapleLNG is investigating several other options to add further opportunities for transportation of gas from the terminal to market.