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Fuelgarden LNG granted NEB export approval

LNG Industry,

Fuelgarden LNG AS has been granted approval by Canada’s National Energy Board (NEB) to export LNG from Canada.

The Canadian LNG can be transported with LNG ISO containers or LNG tankers, and can be exported to both free trade agreement (FTA) and non-FTA countries. The approval is the first given by the NEB to a company outside of Canada and the US.

Global project developer

Commenting on the achievement, Dag Lilletvedt, CEO of Fuelgarden LNG, said: "As an independent LNG sourcing provider and a global LNG project developer we are very pleased to have been granted this LNG export approval by the Canadian energy authorities.

"HHP [high horsepower] companies are constantly looking for ways to reduce their fuel bill. With this approval we now have the possibility to source price-competitive LNG also from Canada, and to bring this LNG to end-users with our flexible and cost-efficient distribution solutions".

North American market

Fuelgarden LNG is currently pursuing a strategy to establish itself in the main LNG markets, including North America, Europe and Asia Pacific.

"North America, with its low natural gas prices and transparent market place, is an interesting market for us to be in. We are currently looking at various types of opportunities and co-operations in the Americas. This export approval gives us an additional opportunity, which we look forward exploring further," Lilletvedt added.

Adapted from press release by Katie Woodward

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