In a decision dated, May 12th, the Associate Deputy Minister and Executive Director of the Provincial Environmental Assessment Office has extended by four years, Wednesday’s construction deadline for the Kitimat Liquefied Natural Gas Terminal Project.
The proponents now have until June first of 2016 to get substantial construction underway on the close to $3 billion facility.
When it’s completed its owners hope to ship, in liquefied form, 700 million cubic feet of natural gas per day from the facility.
Originally planned as a natural gas import terminal, the huge amounts of cheap shale gas available here in the Northeast, prompted the projects three partners to switch plans to an export terminal that would ship the liquefied gas to Asia by tanker.
However, they still need National Energy Board approval, for what will be…if they get it…the countries first liquefied natural gas export licence.