BC LNG steps forward with contract awards

BC LNG Export Co-Operative, LLC announced that it has finalized contract awards for both Feed Gas Supply and LNG Purchase and Off-take.

Press Release — BC LNG Export Co-Operative, LLC announced that it has finalized contract awards for both Feed Gas Supply and LNG Purchase and Off-take for Train 1 of the Douglas Channel LNG Project. The Douglas Channel LNG Project is expected to produce approximately 700,00 metric tonnes of per annum of liquefied natural gas from the initial planned production facility beginning in Q2 2015.

The contract award for LNG Purchase and Off-take was made jointly to Golar LNG Limited and LNG Partners, LLC and the Contract Award for Feed Gas Supply was made to LNG Partners, LLC.

LNG Partners, LLC has agreed in principle to work with Tenaska Marketing Canada, a division of TMV Corp. to procure and/or manage the feed gas supply for the Douglas Channel project.

Golar LNG Limited and LNG Partners LLC are working towards finalizing a financing package for the project that would provide for construction and commissioning of initial facilities subject to receipt of final required permits.

Golar and LNG Partners are currently requesting proposals for the purchase of contracted LNG volumes on a Destination Ex-Ship basis.

The Douglas Channel LNG Project is being jointly developed by the Haisla Nation and Douglas Channel Gas Services Ltd. and is expected to be Canada’s first operational LNG export project.