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Ferus NGF signs LNG supply deal with Yukon Energy Corp

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LNG Industry,

Ferus Natural Gas Fuels Inc. (Ferus NGF) and Yukon Energy Corp have entered into a first-of-its-kind, four-year contract for the supply and delivery of LNG for power generation in Whitehorse, Yukon. Following a competitive tender process, the contract came into effect on 1 January 2020.

“Ferus NGF is committed to developing Canada’s domestic LNG market and partnering with local businesses and Indigenous groups to create long-term economic, social and environmental benefits,” said Travis Balaski, Business Unit Vice President of Ferus NGF. “We’re confident in the long-term viability of LNG as a clean, affordable fuel and we believe this contract enhances Yukon’s energy security while bringing many additional benefits to the territory.”

The LNG being delivered to Yukon Energy comes from plants in two locations, one in Elmworth, Alberta and the other near Dawson Creek, British Columbia (B.C.). Ferus NGF owns and operates the Elmworth plant and has partnered with KATE Energy Holdings Inc. to secure product from the Dawson Creek plant. Utilising LNG from both facilities ensures the availability of product necessary to meet Yukon Energy’s requirements.

“Utilising LNG provides lower cost, reliable power back-up when water levels are low and reduces our dependence on diesel, which affords immediate and significant environmental benefits,” said Andrew Hall, President and CEO of Yukon Energy. “As an isolated electrical grid, we only have ourselves to rely on to generate the power Yukoners need. Securing a four-year contract for LNG provides us with reassurance knowing that a dependable source of fuel is readily available to generate power when we need it during drought years like we’ve had, and in the near future as we work to build and connect new dependable sources of renewable electricity in Yukon.”

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