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Bear Head LNG TERMPOL review completed

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LNG Industry,

LNG Limited has announced that Transport Canada’s TERMPOL Review Committee has completed its review of Bear Head LNG Corp. Inc.’s TERMPOL report.

The review process is a technical review of the marine terminal systems and transshipment sites. It is a voluntary review of the proposed shipping route and marine terminal, but is mandated under the separate environmental assessment process. It identifies navigational and marine transportation-related recommendations to support a safe shipping environment.

The Managing Director and Chief Executive Officer of LNG Limited, Greg Vesey, said: “The TERMPOL Review is an important regulatory component that furthers Bear Head LNG’s goal to be the leader in helping Nova Scotia realise the LNG opportunity, benefiting the province and community.

“Bear Head LNG’s commitment to safety and continuing engagement with local communities are reflected in TERMPOL’s recommendations and observations as they pertain to the marine route, LNG carriers, marine terminal, tugboats and overall project marine activities.”

The decision by the TERMPOL Review Committee follows a review of the information provided by Bear Head LNG’s TERMPOL Report. There are recommendations and observations included in the decision. Bear Head LNG will address and comply with all recommendations throughout the project’s life.

Bear Head LNG is proposing to construct an LNG export facility with an initial capacity of 8 million tpy, with capacity and approval for later expansion. The proposed site is in the naturally deep waters of the Strait of Canso in Point Tupper, Richmond County, Nova Scotia, Canada.

Vesey added: “Bear Head LNG’s focus is to provide overseas markets with access to North America’s natural gas resources based on competitive economics.

“Bear Head LNG is uniquely positioned to provide liquefaction services to Western Canadian, Northeast US, and offshore Nova Scotia resource owners desiring to sell natural gas to the global LNG market.”

“With initial permitting complete, a premium location providing shorter sailing times to many major overseas markets, and through use of LNGL’s patented OSMR® technology, a mid-scale, scalable, efficient and reliable technology that delivers the LNG industry’s lowest full cycle cost, Bear Head LNG has significant competitive advantages over other projects.”

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