Canada’s National Energy Board (NEB) has announced that it has approved LNG Canada Development Inc.’s application for a 40 year natural gas export licence with a maximum term quantity of 1494 billion m3.
The issuance of this licence is subject to the approval of the Governor in Council.
This is the first 40-year natural gas export licence approved by the NEB since the amendment to the ‘National Energy Board Act’ in June 2015 as well as the corresponding regulations. Prior to this amendement, the maximum term length was 25 years.
The NEB determined that the quantity of natural gas proposed to be exported by LNG Canada is surplus to Canadian needs. It also said that it is satisfied that Canada’s gas resource base, and the overall gas resource base in North America, is large and can accommodate reasonably foreseeable Canadian demand. This demand would include the LNG exports proposed by LNG Canada as well as a plausible potential increase in Canadian demand.
The approved export point is at the outlet of the loading arm of the natural gas liquefaction terminal to be located near Kitimat, British Columbia.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/08012016/lng-canada-receives-neb-approval-1848/