"The Kitimat LNG project represents a remarkable opportunity to open up
Asia-Pacific markets to Canadian natural gas and we're leading the way in being able to deliver a long-term, stable and secure supply to the region," said
Janine McArdle, Kitimat LNG President. "This export licence approval is another major milestone for Kitimat LNG as we move forward and market our LNG supply. LNG customers can have even more confidence in a new source of supply."
"Today marks a historic day for
Canada's natural gas industry and this is fantastic news for our project and the communities where we operate. Kitimat LNG will bring revenues and jobs and the associated benefits to
Canada," said
Tim Wall, Apache Canada President. "The Kitimat LNG partners are very pleased with the NEB's approval of our export licence and we'd like to thank them for their support and confidence in the project."
The Kitimat LNG export facility is planned to be built on First Nations land under a partnership with the
Haisla First Nation.
The facility will be served by
Pacific Trail Pipelines Limited Partnership's natural gas pipeline which will run from
Summit Lake to
Kitimat. The 463-kilometre underground line will provide the terminal with a direct connection to the Spectra Energy transmission pipeline system and excellent access to natural gas supplies in
British Columbia.
Kitimat LNG is currently carrying out a Front End Engineering and Design (FEED) study which will provide certainty around project design, construction timelines and costs and labour force requirements. The FEED study is expected to be complete by early in 2012 followed by a final investment decision by the partners.
About the Kitimat LNG facility and the PTP Pipeline
Apache
Canada, EOG Canada and
Encana plan to build the Kitimat LNG facility on IR#6 Bish Cove, approximately 650 kilometres (400 miles) north of
Vancouver. The facility is planned to be built on First Nations land under a unique partnership with the
Haisla First Nation. The initial phase of the facility has a planned capacity of approximately 5 million metric tonnes of LNG per annum or the equivalent of nearly 700 million cubic feet per day. PTP is planning to build a 463-kilometre (287-mile), 914-mm (36-inch) diameter underground line from
Summit Lake, B.C. to
Kitimat.
Pacific Northern Gas Ltd. (PNG) will operate and maintain the planned pipeline under a seven-year agreement with Apache Canada, EOG Canada and
Encana, with provisions for five-year renewals.
Kitimat LNG project background and other information
Key milestones for the project include:
- October 2011 - Canada's National Energy Board grants Kitimat LNG a 20 year Export Licence to serve international markets.
- July 2011 - Kitimat LNG purchases Eurocan industrial site
- March 2011 - Apache and EOG welcome Encana to the Kitimat LNG development
- March 2011 - Kitimat LNG front-end engineering and design awarded to KBR
- March 2011 - Apache and EOG acquire all of Pacific Trail Pipelines
- December 2010 - KM LNG Operating General Partnership files Canadian Federal Export Licence Application
- December 2010 - EOG closes agreement on purchase of 49 percent of project
- November 2010 - Documents fully executed for land leases with related agreements
- November 2010 - Haisla First Nation votes overwhelmingly to approve land leases
- May 2010 - EOG Resources Canada signs pre-acquisition agreement to purchase remaining 49 percent of project
- January 2010 - Apache purchases 51 percent of project and becomes operator
- August 2006 - Canadian federal environmental assessment decision statement received
- June 2006 - Canadian provincial environmental assessment approval
About Apache Canada Ltd.
Apache Canada Ltd., a subsidiary of
Apache Corporation (NYSE, Nasdaq: APA), is one of
Canada's top oil and gas producers with operations in
Alberta,
British Columbia and
Saskatchewan.
Apache Corporation is an oil and gas exploration and production company with operations in
the United States,
Egypt, the
United Kingdom North Sea,
Australia and
Argentina, in addition to
Canada. Apache common stock is listed on the
New York Stock Exchange and quoted on the
NASDAQ National Market under the symbol APA.
About EOG Canada
EOG Resources Canada Inc. is a wholly owned subsidiary of
EOG Resources, Inc. (NYSE: EOG), one of the largest independent (non-integrated) oil and natural gas companies in
the United States with proved reserves in
the United States,
Canada,
Trinidad, the
United Kingdom and
China.
EOG Resources, Inc. is listed on the
New York Stock Exchange and is traded under the ticker symbol "EOG."
About Encana Corporation
Encana (TSX, NYSE: ECA) is a leading North American natural gas producer that is focused on growing its strong portfolio of natural gas resource plays in key basins from northeast
British Columbia to east
Texas and
Louisiana. By partnering with employees, community organizations and other businesses,
Encana contributes to the strength and sustainability of the communities where it operates.
Encana common shares trade on the
Toronto and
New York stock exchanges under the symbol ECA.
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