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Alberta Oil - - OBSERVER NEWS NUMBERS PEOPLE PLACES -

IN JAN­UARY, SHELL CANADA’S joint LNG ven­ture earned B.C.’s first-ever per­mit to build an LNG ex­port plant in the prov­ince. The con­sor­tium aims to take a fi­nal in­vest­ment de­ci­sion on the LNG Canada pro­ject in 2016.

The group aims to build the 13-mil­lion-met­ric-ton-per-year fa­cil­ity in Kiti­mat, B.C., which could cost up to $40 bil­lion. The pro­ject gained en­vi­ron­men­tal ap­proval from fed­eral and pro­vin­cial au­thor­i­ties last June. The lat­est per­mit as­sesses de­sign and safety, and im­poses 30 con­di­tions, in­clud­ing noise man­age­ment and emer­gency re­sponse plans.

Shell and its part­ners al­ready have up­stream E&P as­sets in the Al­berta and B.C. Horn River, Mont­ney and Duver­nay for­ma­tions, which could pro­vide feed­stock to the ex­port plant. Shell’s Ground­birch pro­ject in the Mont­ney pro­duces over 410 mil­lion cu­bic feet of raw gas per day, and Shell’s part­ners also have up­stream as­sets: Korea’s KO­GAS is in­vest­ing $565 mil­lion in Horn River and the Mont­ney, Ja­pan’s Mit­subishi is in­vest­ing $2.9 bil­lion in the Mont­ney and PetroChina is in­vest­ing $2.18 bil­lion in the Duver­nay.

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