Liquefied Natural Gas Ltd’s indirect wholly-owned subsidiaries, Bear Head LNG Corp. (Bear Head LNG) and Bear Head LNG (USA) LLC (Bear Head USA) have filed an application with the US Department of Energy (DOE) for authorisation to export natural gas to Canada for a 25-year period.
Bear Head LNG and Bear Head USA have applied for long-term, multi-contract authorisation to export up to 503 billion ft3/yr of natural gas by pipeline to Canada.
This is the first of various applications that Bear Head LNG and Bear Head USA anticipate filing with the DOE to enable the export of LNG from the project to free trade agreement (FTA) and non-free trade agreement (non-FTA) countries.
The Bear Head LNG project, which has an initial production capacity of 8 million tpy, will be capable of receiving, processing and liquefying natural gas. The LNG project will also store LNG and load it onto LNG carriers for delivery to export markets.
Bear Head LNG filed an export licence application with Canada’s National Energy Board (NEB) in November 2014.
LNG Ltd purchased 100% of the stock and assets of Bear Head LNG in August 2014 from a subsidiary of Anadarko Petroleum Corp. (Anadarko) for US$11 million.
John Godbold, Bear Head LNG’s Chief Operating Officer and Project Director, said: “This represents a significant step forward for our LNG export facility at Bear Head, Nova Scotia […] With all of Bear Head LNG’s major Canadian approvals in place or moving through the regulatory process, we are on schedule to begin commercial operation in late 2018 to early 2019.”
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/10122014/bear-head-lng-applies-for-export-licence-1940/