Bear Head LNG buys land to ex­pand from NSBI

Cape Breton Post - - CAPE BRETON - BY CAPE BRE­TON POST STAFF

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.

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