The prospect of LNG Terminal development on the North Coast would appear to be working towards reduced expectations, with most observers suggesting that of the 16 currently proposed terminal projects under consideration for the Northwest, a significant number of those will never make it to a Final Investment Decision.
And if a report from an Alberta investment group is any indication, that number will eventually settle at four projects, with some good news for the Prince Rupert region noted with two of the current projects slated for this region making that list.
For the North Coast, both the Petronas led, Pacific NorthWest LNG project at Lelu Island and Exxon-Mobil's Tuck Inlet proposal for West Coast Canada LNG have provided AltaCorp with enough material to suggest that they will make it to the development phase.
The latter forecast no doubt welcome news at Prince Rupert City Hall, which has high hopes for the Tuck Inlet option to help spur its Major growth forecasts.
In an article in the Financial Post this week, AltaGas described the Exxon Mobil West Coast Canada LNG project as having "quietly making steady progress."
While the Globe and Mail is reporting this week that Pacific NorthWest LNG is considering altering the trajectory of a planned suspension bridge and jetty to the Lelu Island project in response to environmental concerns from the Lax Kw'alaams First Nation.
However, while bullish on the two Prince Rupert area projects, AltaCorp doesn't put either at the top of the list when it comes to who will be the first to cut a ribbon at a Northwest Terminal.
That status will be the domain of the Douglas Channel project if AltaCorp's forecast is correct, with the proposed Shell Terminal also to be built in the Kitimat region grabbing the second spot on the proposed completion list.
The media notes on the AltaCorp report can be found below:
September 14 -- Four LNG projects will be built in B. C., but not in the order you expect: analysts
September 14 -- Petronas mulls changes to bridge, jetty site fot B. C. LNG terminal
You can review our archives on the four projects put on AltaCorp's shortlist below:
Douglas Channel LNG (Alta Gas)
LNG Canada (Shell)
Pacific NorthWest LNG (Petronas)
WCC LNG (Exxon-Mobiil)