FORT NELSON, B.C. - KT Energy Corporation, a liquefied natural gas (LNG) provider based in Vancouver announced recently that the British Columbia Oil and Gas Commission (BC OGC) has issued the company a LNG Facility Permit.
The permit authorizes KT Energy to construct, maintain and operate a LNG facility in the vicinity of Fort Nelson, B.C.
The Fort Nelson LNG plant is KT Energy's first proposed Canadian LNG project and has been in development since 2015. It will be located 130 kilometres northwest of Fort Nelson. The plant's initial capacity will be approximately 20,000 gallons of LNG per day. The facility is scheduled for commissioning in late 2018. Subsequent expansion will be tailored to market conditions, explains a release.
According to KT Energy, the Fort Nelson LNG plant will utilize local natural gas resources.
With access to Highway 97 and Highway 77, Fort Nelson is a gateway to long-haul LNG supply to Northern B.C., the Northwest Territories, Yukon and Alaska, the release continues.
The existing natural gas pipeline network has its northern terminus in Fort Nelson. There is no natural gas supply via pipeline north of the community.
KT Energy is one of the affiliated companies of Kai Tian Energy Group. The KT Energy Group has been focused on the natural gas sector since 2002. The KT Energy Group will manufacture and supply the modular LNG processing equipment to be used at the Fort Nelson LNG Plant.
"KT Energy is pleased with the commission's decision," states KT Energy's CEO Betty Cheng.
"It is an important step in moving forward on an exciting project that will be good for the economy of B.C. and the North, and for our company."