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Bear Head LNG agrees to purchase additional land from NSBI

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LNG Industry,

Liquefied Natural Gas Ltd (LNG Ltd) has released a statement claiming that Bear Head LNG Corp. – a 100% owned subsidiary – has agreed to purchase an additional 72 acres of land from Nova Scotia Business Inc. (NSBI). This land is adjacent to the company’s existing 255 acre site, and will support its expansion of the proposed LNG plant, located on the Strait of Canso, Richmond County, Nova Scotia, Canada.

Maurice Brand, the President of Bear head LNG, said: “The acquisition of additional land is very important for our project. It enables us to increase the capacity of the LNG facility from a nominal 8 million tpy up to 12 million tpy in 2024, as per our approval from the National Energy Board.

“Over the past couple of years, Bear Head LNG has made significant progress on the project by obtaining regulatory certainty. This agreement between Bear Head LNG and NSBI is important for future development and planning, thus facilitating economic growth and job creation in the Strait region.”

The CAO, Richmond County Municipality, Warren Olsen, said: “We are pleased to work with Bear Head LNG, which is involved in a growing and vital LNG export sector in North America.

“Bear Head LNG is committed to supporting the local economy in Nova Scotia that will provide substantial economic and social benefits for the community, First Nations, and Nova Scotia.”

Approval has been granted from the US Department of Energy (DOE) for the Bear Head LNG facility to export US-sourced gas to nations that hold free trade agreements (FTAs) with the US, as well as those that don’t hold FTAs with the US. Approval has also been granted by Canada’s National Energy Board to export up to 12 million tpy of LNG. The initial federal, provincial and municipal regulatory approval required to commence construction has also been granted.

Edited from press release by David Rowlands

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