Tuesday, October 28, 2014

Triton LNG takes another step forward with export licence approval

Of the many proposed LNG projects for the region, not much had been heard of late regarding the Triton LNG, however on Friday, their plans for a terminal development for the North Coast showed some signs of stirring, with the approval of the National Energy Board for an export licence.

The document from the NEB dated October 24th outlines the scope of their approval which allows for shipment of Liquefied Natural Gas for a period of ten years, effective the date of approval of October 8th.

The notice advices that the approval is for a liquefaction terminal to be located in the vicinity of either Kitimat or Prince Rupert. Not much has been revealed in recent months regarding the Triton proposal as far as for any plans for Prince Rupert.

The most recent developments the plans of Alta Gas and Idemitsu of Japan the parent corporations for Triton, were outlined by the Calgary Herald last week.  That review outlines the plans  of Alta Gas, to buy the barge based Douglas Channel LNG project out of insolvency procedures.

While we await further information when it comes to their Prince Rupert plans, you can review our archive items regarding Triton here.

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