Sinopec, others join B.C. LNG hunt

Companies from China, India and Japan join global investors checking out gas export potential of North Coast

Premier Christy Clark and B.C.'s new trade commissioner Ben Stewart (left) tour LNG import facility in China.

Chinese petrochemical giant Sinopec, another Japanese player and an unidentified Indian company are joining the international move to explore liquefied natural gas exports from northern B.C., says Rich Coleman, B.C.’s minister for natural gas development.

Sinopec, ranked the fifth largest global company in 2011, is looking for LNG imports equivalent to the output of the world’s second largest LNG terminal, Coleman told reporters as Premier Christy Clark began a trade trip to Asia.

Another new player is Idemitsu Kosan Co., the second largest petroleum refiner in Japan, which is applying for a federal export permit in a partnership with Calgary-based AltaGas called Triton LNG.

China National Overseas Oil Company and its new subsidiary Nexen has put up a non-refundable deposit of $12 million toward purchase of provincial land on the north side of Grassy Point near Prince Rupert, Coleman said. Another unidentified company has shown interest in the south side of Grassy Point.

The new proposals add to a lineup of international investment proposed by Petronas, Chevron, Shell, British Gas and others, which are expected to make final investment decisions in 2014.

Coleman said the tax rate for LNG producers is to be presented to companies by the end of November, but it may not be public until the B.C. government table its budget in February.

 

Just Posted

Columbia River Treaty to be renegotiated in early 2018

News came in a Tweet from the U.S. Department of State

Site C dam goes ahead, cost estimate now up to $10.7 billion

Premier John Horgan says Christy Clark left him no other choice

Castlegar Rebels take flight in win over Grand Forks

Team speed was too much for the visiting Grand Forks Border Bruins to handle.

Property crime on the rise in Grand Forks: RCMP

Grand Forks RCMP sat down with the Gazette to talk property crime and community solutions.

RDKB elects Russell as board chair

Grace McGregor will be vice-chair of the board.

VIDEO: New series takes in-depth look at sexual harassment in B.C.

Black Press takes a hard look at sexual harassment in B.C.

New fighter-jet competition to have national ‘economic interest’ requirement

Trudeau government wants to replace Canada’s aging CF-18s with 88 new fighters by as early as 2025

The top-binged shows on Netflix in 2017

Which show did you cheat on your spouse with by watching ahead?

B.C. polygamous leader argues charge should be dropped in charter challenge

Winston Blackmore argues some of the evidence shouldn’t be used against him

LETTER: Proportional representation makes votes count

Fair Vote Canada representative responds to Tom Fletcher column

B.C. dog owners warn about chain collars after puppy almost strangled

Young Rottweiler pup couldn’t breathe after another dog caught tooth on his collar

Accused NYC subway bomber expected to face federal charges

Akayed Ullah, 27, was charged Tuesday with terrorism and weapons related charges

Strategy announced for Indigenous cancer care

Various stakeholders have come together to provide a road map from prevention to survivorship

Environmental groups slam NDP decision to continue with Site C

Construction industry, meanwhile, is cautiously optimistic about how the project will look

Most Read