BG ponders purchase of Canadian gas fields
As part of its initiative to become the world’s principal retailer of liquefied natural gas (LNG), the BG Group is eyeing-up the acquisition of gas fields on Canada’s pacific coast, which would house a new LNG plant. The LNG installation, to be situated on Ridley Island, British Columbia, would supply fuel to expanding Asian markets.
Chief Operating Officer, Martin Houston, said that the BG Group is “pursuing several supply options and would anticipate supply from owned resource and purchased from the markets”.
New Pipeline
In a deal with Spectra Energy (SE), BG has arranged to develop an 850 km pipeline, which will pump gas to the new plant. Houston also stated that BG plans to build two production units at the Prince Rupert LNG plant, capable of producing 14 million tpy and also hinted at the possibility of a third. He continued: “We are exploring options with some of the promoters of the other western Canada LNG projects to see if we can cooperate in the development of the shared pipeline”. A final decision for the Prince Rupert operation will take place in 2016.
Auspicious region
This comes at a time when other companies are implementing plans for westbound pipelines through British Columbia. In an alliance with Petrolium Nasional Bhd and Royal Royal Dutch Shell (RDSA), TransCanada (TRP) has been working on operating two pipelines through this region. BG anticipates its first production of LNG in Canada to be in 2020.
Future largest seller of LNG
The company, based in Reading, England, is on target to become the world’s largest supplier of LNG in 2017.
Edited from various sources by Ted Monroe
Read the article online at: https://www.lngindustry.com/lng-shipping/10092013/bg_ponders_investment_in_canadian_gas_fields/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.
