Project partners pull plug on Aurora LNG
Published by David Rowlands,
Editor
LNG Industry,
Nexen claims that, over the last four years, Aurora LNG has been carrying out a feasibility study on the liquefaction of gas, and subsequent export of LNG from the northwest coast of British Columbia (B.C.) to Asian markets. Through this study, Aurora LNG has come to the conclusion that the current macro-economic environment is not able to support the development of a large LNG business at the proposed Digby Island site.
The statement claims that Aurora LNG is disappointed in this decision, but remains proud of its work in the region over the last three years, as well as the relationships that it has made with local members of the community, indigenous groups, stakeholders and government. The partners are committed to concluding their activities in the Prince Rupert region in a responsible and orderly manner.
Nexen claims that upstream operations from the partners’ Horn River natural gas assets in northeast B.C. will carry on, and that the partners will also monitor the North American gas market to evaluate future investments in both upstream and downstream sectors, according to market conditions.
Read the article online at: https://www.lngindustry.com/liquefaction/15092017/project-partners-pull-plug-on-aurora-lng/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.