NEB approves Orca LNG export licence

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NEB approves Orca LNG export licence

by ahnationtalk on July 28, 2015343 Views

July 27, 2015

The National Energy Board (NEB) has approved the application of Orca LNG Ltd. (Orca LNG) for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metres Footnote 1. The issuance of this licence is subject to the approval of the Governor in Council.

When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, taking into account trends in the discovery of gas in Canada.

The NEB has determined that the quantity of gas proposed to be exported by Orca LNG is surplus to Canadian needs. The NEB is satisfied that Canada’s gas resource base, and the overall gas resource base in North America, is large and can accommodate reasonably foreseeable Canadian demand. This demand would include the LNG exports proposed by Orca LNG as well as a plausible potential increase in Canadian demand.

The approved export point is at the outlet of the loading arm of the liquefaction terminal, which is to be located in the vicinity of Prince Rupert, British Columbia.

The National Energy Board is an independent federal regulator of several parts of Canada’s energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest. For more information on the NEB and its mandate, please visit www.neb-one.gc.ca.

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Contacts

For further information:

Darin Barter
National Energy Board Communications
E-mail: [email protected]
Cellular: 403-837-5267

Footnote

Footnote 1
Applied-for term quantity including a 15% annual tolerance.

NT3

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