Thursday, June 20, 2013

Exxon seeks 25 year LNG export licence from NEB, exploring export locations on North Coast

The world's largest energy company has filed a request  with the Canadian government,  seeking permission to export 30 million metric tons of liquefied natural gas per year from British Columbia.

ExxonMobil, just one of a number of companies that has offered up an interest in North Coast Terminal development of late, made their filing with the National Energy Board on Wednesday.

A request which reportedly calls for shipments to begin sometime between 2021 and 2023, indicative of the increased interest that the company has in moving forward with it's North Coast plans.

The export licence applied for by Exxon on Wednesday, would provide for at least 25 years of energy shipments from a terminal, the location of which has yet to be announced by the company.

According to Bloomberg News, Exxon is "assessing potential contstruction sites for an LNG plant that would include six processing units in the Kitimat and Prince Rupert areas."

In September of 2012, the global energy giant first mentioned its interest in Northwest possibilities, assessing its options for the Horn River resource that they hope to develop for export prospects.

Exxon's Canadian subsidiary was one of a number of companies that recently expressed an interest in possible development of Prince Rupert's Grassy Point region.

You can examine our past reviews of that interest from the blog items listed below

April 19-- Japanese investors eye LNG potential on the North Coast
April 15, 2013-- Gravitating to Grassy Point?
April 11, 2013-- Four More LNG proposals for Prince Rupert region

Further review of the LNG developments on the North Coast can be found here.

Other items of note on ExxonMobil's application of Wednesday, can be found below.

Terrace Standard-- LNG application filed
Globe and Mail-- Exxon, Imperial apply to export LNG from West Coast
Financial Post-- Exxon seeks 25 year licence to export LNG from B. C.
Business in Vancouver-- Exxon Mobil seeks NEB Approval to export 30 million tons of LNG from B. C.
Vancouver Sun-- Exxon joins LNG race in B. C.
Vancouver Sun-- Energy giant seeks annual export of 30 million tons of liquefied natural gas through B. C.

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