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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (257)	6/3/2005 3:13:28 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 919

Goldboro LNG project under review Last updated Jun 3 2005 08:33 AM ADT CBC News novascotia.cbc.ca HALIFAX – A federal environmental assessment of a proposed $5-billion petrochemical plant in Guysborough County is underway. Keltic Petrochemicals Inc. wants to build a petrochemical and liquefied natural gas plant in the Goldboro Industrial Park. The assessment is a comprehensive study, not a full panel review. As such, the process is shorter and doesn't include formal public hearings. "The comprehensive study promises to be somewhat less intense and more abbreviated, and offer a quicker decision date. Certainly that has to be good news for anyone involved in the industry," said Lloyd Hines, district warden. While the municipality welcomes the project, some residents are opposed to it and have appealed a rezoning decision to the provincial utility and review board. Maurice Landry, a federal transportation spokesperson, says people have 30 days to react to the decision to go ahead with this shorter process, which could change depending on how people react. A provincial environmental review is already underway. Landry says it's focusing on land-based facilities that are part of the project, while the federal review is looking at marine-based facilities.

To: Dennis Roth who wrote (257)	6/28/2005 7:12:22 AM
From: Dennis Roth	Respond to of 919

Keltic also has plans for LNG terminal BY JENNIFER MALO Special to the Telegraph-Journal canadaeast.com The dark horse in this race to build the first Liquefied Natural Gas terminal in Atlantic Canada doesn't have a name as big as Irving Oil Ltd. or Anadarko Canadian Corporation. It's a smaller company called Keltic Petrochemicals Inc. but it proposes to build an LNG facility just as big the one in Saint John or Anadarko's in the Point Tupper Industrial Park in Cape Breton. "When you have a name like Irving in New Brunswick that carries a lot of weight and when you have Anadarko now which is a major player in the oil and gas industry, that's substantial. But I think you'll be seeing equally recognizable names associated with Keltic in the near future," said William Begley, president of Stone and Webster Management Consultants on behalf of Keltic Petrochemicals. When they assessed the plans for a new petrochemical project in Goldboro, N.S., Keltic found they didn't have enough energy to feed the plant so they decided to augment it with an LNG terminal. It will produce about the same as Irving's Canaport LNG, but it will be at least a year behind the competition. Mr. Begley said the reasons for the delay stem from a supply issue rather than a concern for a straining market and it will push them into a 2009-2010 timeframe instead of opening in 2008 along with Irving and Anadarko. Keltic is in negotiations for supply partners in the project. "We'll be at least a year behind Irving but that's a result not of the market, but where the supply is coming from," said Mr. Begley. Both the pipeline and the market will be able to accommodate Keltic's LNG facility, and it's not so bad to follow behind Irving and Anadarko, he said. "There's an advantages of being first-movers, and there are also some challenges. They're going to be the trailblazers that come up with all the problems first and we'll be able to learn from their mistakes."

To: Dennis Roth who wrote (257)	9/20/2005 10:06:23 AM
From: Dennis Roth	Respond to of 919

Keltic Petrochemicals wraps up EA field work with spending to top $2 million cnw.ca HALIFAX, Sept. 19 /CNW/ - Keltic Petrochemicals president Kevin Dunn said field work for the company's Environmental Assessment (EA), that when complete will top more than $2 million, is wrapping up. "Completing this stage is a major milestone," Dunn said. "We will be completing and submitting our Environmental Assessment report according to a realistic timetable." Keltic's integrated project consists of a world-class US$4.5 billion petrochemical plant with an LNG regasification receiving terminal and gas storage facility, demethanizing units, power and steam co-generation up to 200 MW, and related utility and offsite infrastructure and systems. The LNG facility will provide feedstock to the petrochemical plant and natural gas to United States through the pipeline system. The complex will be located adjacent to the Sable Offshore Energy Plant in the Goldboro Industrial Park. Keltic expects the complex will take about three years to build from the time the ground is broken. Currently, the company is proceeding on a joint federal and provincial government environmental review as a comprehensive Class 2 undertaking and has passed several key stages including registration, finalization for the terms of reference (scoping) and an initial public review period. The conclusion of the fieldwork stage, which includes data collection and reporting by more than a half-dozen Nova Scotia companies with the necessary expertise, covers key areas including potential environmental impacts, engineering and marine measures. The extensive scope of the fieldwork needed to craft Keltic's submission began more than three years ago and is extremely thorough in order to answer each outlined government query. Keltic's EA project leader Alan Bell said meeting with provincial and federal officials on a regular basis for past two years, and following the province's established timelines, have been invaluable for keeping the project on track. Bell expects to submit the draft EA report next month. He added protocols exist to enable the two levels of assessment to be more "harmonized" to avoid or minimize the need for separate EA reports and hearings. Dunn said he expects the process to move forward in a reasonable time frame. Department of Fisheries and Oceans and Transport Canada are the only two federal agencies formally involved in the federal EA process. Dunn added that the company is continuing efforts to harmonize the process as much as possible. "Obviously, it only makes sense to address similar concerns voiced by the federal government and the province at the same time." For further information: Keltic Petrochemicals Inc., W. Kevin Dunn, (902) 422-4557; Steve Warburton, (902) 221-3196