Bear Head LNG buys land to expand from NSBI
Bear Head LNG has reached a deal to buy additional land on the Strait of Canso for its proposed liquefied natural gas facility.
The additional land has been purchased from Nova Scotia Business Inc. so that LNG can increase the capacity of its plant from eight million tonnes to 12 million tonnes a year in 2024.
The agreement with NSBI means Bear Head LNG will acquire an additional 72-acres of land directly adjacent to its existing 255-acre site on the Strait of Canso.
The National Energy Board has approved the company’s plans to export up to 12 million tonnes of liquefied natural gas.
Bear Head LNG says it has all the initial federal, provincial, and municipal regulatory approvals required to begin project construction.
In addition to the land purchase, the company recently opened an office in Halifax. Maurice Brand, president of Bear Head LNG, said that move is another step in expanding LNG’s local presence and also demonstrates the company’s commitment to advancing the project.