-20 C
Fort St. John
Thursday, January 17, 2019
Tel: 250-787-7100
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement

Petronas and Progress Energy close deal with Japex

Advertisement

Progress Energy President Michael Culbert says this deal proves B.C. and Canada are attractive and competitive destinations for global investment.

“Progress has increased its development pace in northeastern British Columbia in 2013, building new capacity to supply Pacific Northwest LNG with abundant Canadian natural
gas for export beginning in late 2018,” he says in a statement. “The LNG sale to Japex is the first of several LNG sale transactions that are being negotiated with LNG Buyers in Asia.”

Pacific Northwest LNG is slated to be built on Lelu Island in the District of Port Edward. Initially, the plan is to build two liquefaction plants, with the option for a third in the future, along with a marine terminal. Japex has signed on to buy a share of its production for the next 20 years. TransCanada Corporation has been selected to construct the export pipeline from the Montney Region to Port Edward.

- Advertisement -

get the latest news in your inbox

Author

Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

NEBC Yukon Midget Trackers hitting the road to take on Peace...

FORT ST. JOHN, B.C. - The Northeast B.C. Yukon Midget Trackers are on the road this Sunday as they take on the Peace River...