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

To: Dennis Roth who wrote (384)	9/27/2005 8:11:48 PM
From: Dennis Roth	Respond to of 919

Quebec village says yes to proposed LNG terminal Planned terminal receives support Canadian Press canadaeast.com CACOUNA, Que. - A Quebec village near the site of a proposed liquefied natural gas terminal to be built by Petro-Canada and pipeline giant TransCanada Corp. has voted 57.2 per cent in favour of the project. About 75 per cent of eligible voters took part in the referendum to gauge community support for the project, a joint venture between the two companies known as Cacouna Energy, the company said Monday. "We are pleased that the project information we have provided since we announced our project in September 2004 has helped the community make an informed decision on this referendum and we are delighted with the show of support they have given to Cacouna Energy," John Van Der Put, Cacouna Energy's project manager said in a release. "We recognize we still have to obtain provincial and federal approvals for our project over the coming months." Calgary-based Petro-Canada (TSX:PCA) and TransCanada (TSX:TRP) are partners in the proposed $500-million project to build and operate the facility at Gros-Cacouna harbour on the St. Lawrence River, about 15 kilometres northeast of Riviere-du-Loup. The plan proposes a wharf for berthing and unloading of large tankers capable of carrying vast amounts of liquefied natural gas. The wharf would extend about 350 metres into the St. Lawrence from the terminal. TransCanada will operate the facility, while Petro-Canada will supply the liquefied natural gas. The proposed facility has yet to receive regulatory approval to proceed from federal, provincial and municipal governments. Public hearings on its environmental review are expected to begin early next year. The estimated cost of construction is about $700 million. Initial timelines set last year are to have regulatory approvals in hand by late 2006, with construction beginning soon thereafter. The terminal would be operating by late 2009. Liquefied natural gas, or LNG, is natural gas supercooled to liquid form for transport by sea on tankers. On the Toronto stock market Monday, shares in Petro-Canada gained $1.53 to $49.04. TransCanada stock rose 59 cents to $36.76. ========= Cacouna Energy LNG Terminal home page FWIW energiecacouna.ca

To: Dennis Roth who wrote (384)	10/31/2005 12:06:15 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 919

Petro-Canada confident about Russia project metronews.ca Monday, October 31, 2005 8:38:09 AM ET MOSCOW (Reuters) - Petro-Canada <PCA.TO> is confident of implementing its $1.3 billion plan for a liquefied natural gas terminal near St Petersburg in Russia, the head of its international operations said on Monday. "We are confident that the Ust-Luga project will be implemented," Petro-Canada executive vice-president Peter Kallos told an energy conference. The company signed a memorandum of understanding with Russian gas monopoly Gazprom <GAZPPE.RTS> a year ago, when the two firms said they would study the possibility of building the plant at the port of Ust-Luga on the Baltic Sea. Russia energy analysts had said the project looked at risk of falling through, since Gazprom had many other projects to pursue, including a much larger Arctic LNG project, Shtokman. But last month a local Russian politician said the plant would be implemented together with Gazprom's plans for a pipeline under the Baltic Sea to Germany, and in 2007 rather than the previously mentioned date of 2009. Kallos said the proposed plant would ship LNG to the Cacouna joint terminal near Quebec, a Petro-Canada joint venture, where it would be regasified for sale in central Canada and the northeast of the United States. Kallos said that compared to the Gulf of Mexico, where two major hurricanes battered oil and gas infrastructure last month, Cacouna was a secure location. "We have seasonal ice but we can manage this," he said. Gazprom has previously said the plant would have a capacity of 3.5 million tonnes of LNG per year. LNG is gas, cooled into a liquid at minus 162 Celsius. Reduced to less than 1/600 of its original volume, it can be shipped in special tankers to a re-gasification terminal, where it is returned to a gaseous state and fed into pipelines.

To: Dennis Roth who wrote (384)	7/16/2006 10:05:44 AM
From: Dennis Roth	Respond to of 919

Harper, Putin back gas deal canada.com Regulatory approval sought for plan to ship natural gas to the U.S. via Quebec Mike Blanchfield, CanWest News Service with files from The Canadian Press and Reuters Published: Sunday, July 16, 2006 ST. PETERSBURG, Russia - Prime Minister Stephen Harper and his G-8 host, Russian President Vladimir Putin, voiced enthusiastic support Saturday for a proposal to ship Russian liquefied gas to North America for the first time through a Canadian port. Petro-Canada is currently seeking regulatory approval in Quebec for a $1.5-billion US LNG project with Russian state-controlled gas company OAO Gazprom. The project would ship gas liquefied in St. Petersburg to a regasification terminal in Gros-Cacouna, Que. The gas would then be moved to North American markets through Quebec. Petro-Canada and Gazprom have signed a letter of understanding to explore co-operation. Harper hadn't yet checked into his hotel in St. Petersburg on Saturday before he and Putin issued a statement promoting that co-operation. "Petro-Canada and Gazprom are really on the edge of an undertaking of a really major project," Putin told Harper in the opening minutes of their first meeting. As one of the world's top natural gas producers, Russia wants to make inroads and become a major supplier to the United States -- a goal that would be furthered by the Canadian deal. Canada's ambassador to Russia, Christopher Westdal, said following the Harper-Putin meeting that the venture has support from Russian authorities and both the public and officials in Canada. "It looks as though it will go forward," Westdal said. A senior Canadian official added that Putin expressed an interest in more deals with his northern G-8 neighbour. "He thought that given Canadian expertise and interest, there are opportunities for more such business in the energy field." The two countries are the only net energy exporters in the Group of Eight leading industrialized states and have been keen to highlight that role at this weekend's summit, where "energy security" is high on the agenda. The current gas plan would be worth $1.5 billion to Russia, but the economic benefits to Canada are still being studied, said federal government officials. [ snip ]