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Gold/Mining/Energy : LNG

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To: Dennis Roth who wrote (386)6/7/2006 4:38:02 PM
From: Dennis Roth  Read Replies (1) of 919
 
Canada Kitimat LNG plant gets provincial OK
Tue Jun 6, 2006 1:27 PM EDT
ca.today.reuters.com

VANCOUVER, British Columbia (Reuters) - A provincial permit was issued on Tuesday to build a liquefied natural gas facility in Kitimat, British Columbia, while plans were unveiled to build another LNG facility in Prince Rupert, farther up the Pacific Coast.

British Columbia granted a construction and operations certificate for Kitimat LNG's planned C$500 million ($450 million) receiving terminal and re-gasification facility at Bish Cove, which is about 14 km south of Kitimat.

The plant with a capacity of 610 million cubic feet per day is intended to supply natural gas to U.S. customers. Backers hope to have it in operation by early 2009.

The facility still requires federal environmental approval, and a pipeline must be built to reach U.S. markets.

WestPac LNG unveiled a proposal on Tuesday for a 130 million cubic feet per day terminal in Prince Rupert, which is about 100 km northwest of Kitimat. If approved, the C$350-million facility would begin operations in 2011.

Both Kitimat LNG and WestPac LNG are privately held companies based in Calgary, Alberta.
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