Energy board grants 25-year export licence

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by Richard Gilbert last update:Oct 9, 2014

The National Energy Board (NEB) has approved an application for a 25 year natural gas export licence from Triton LNG Limited Partnership to export liquefied natural gas (LNG) from a location on the northwest coast of British Columbia.

“The approval of Triton LNG’s export licence by the National Energy Board is another concrete example of the progress being made to build a liquefied natural gas (LNG) export industry in our province,” said B.C. Minister of Natural Gas Development Rich Coleman.

“Triton LNG is an export proposal by AltaGas Ltd. and Idemitsu Canada Corporation. Export approval for this joint-venture partnership supports aspirations for job creation and economic security by opening up our natural gas sector to new markets.”

Triton LNG LP is preparing preliminary engineering designs for the construction of liquefaction facilities and has identified two potential site locations near Kitimat and Prince Rupert.

Subject to the annual tolerance, the quantity of LNG that may be exported in any 12-month period shall not exceed 2.3 million tonnes.

The construction of the LNG facilities includes:

a floating liquefaction storage and offloading (FLSO) vessel, with two liquefaction trains and storage of up to 200,000 m3 of LNG;

a marine berth and related bulkhead, dock, and mooring infrastructure to support long-term docking of the FLSO vessel and temporary docking of LNG carriers; and

shore side facilities, including power supply, condensate storage, water supply and return, cooling water system, feed gas pipeline and metering, and support buildings.

It is anticipated that the FLSO vessel will have an annual production capacity of about 2.3 million tonnes.

The LNG production will be offloaded from the FLSO vessel through a loading arm to LNG carriers for transport to export markets.

The feed gas for the Triton LNG project will be transported on the system of Westcoast Energy Inc., carrying on business as Spectra Energy Transmission, to the interconnect with the Pacific Northern Gas Ltd. system.

Triton LNG LP has signed a 20 year Transportation Reservation Agreement with PNG for 325 million cubic feet per day of natural gas transportation capacity related to the PNG expansion.

The proposed export points would be located near either Kitimat or Prince Rupert, British Columbia at the outlet of the loading arm of a proposed natural gas liquefaction terminal.

Triton LNG LP is currently developing the project feasibility study, which is expected to be completed in 2014.

The proposed LNG exports could begin as early as 2017.

However, this is subject to the completion of the feasibility study, consultations with First Nations, permitting, regulatory approvals and facility construction.

AltaGas Pacific Partnership is a subsidiary of AltaGas Ltd., a diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.

Idemitsu Canada Corporation is a subsidiary of Idemitsu Kosan Co., Ltd., which is Japan’s second largest petroleum company with consolidated net sales in 2012 of about $47 billion.

last update:Oct 9, 2014

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