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AltaGas on track to build LNG terminal by 2018: CEO

AltaGas on track to build LNG terminal by 2018: CEO

The CEO of AltaGas Ltd. says Kitimat will be home to Canada’s first liquefied natural gas export terminal.

In an interview with the Canadian Press, David Cornhill says his company is on track to get the Douglas Channel LNG facility built by 2018, challenging a recent International Energy Agency report that said Canada wouldn’t have any LNG terminals built until 2020.

Cornhill says it won’t be a walk in the park, but the AltaGas-led consortium, which took over the project earlier this year, sees nothing down the road that will stop it from moving forward.

The terminal planned for the west side of Douglas Channel will be barge-based and make use of an already existing natural gas pipeline that goes to Kitimat.

It’s also much smaller than other proposed LNG projects on the North Coast, starting with an initial plan to ship about 550,000 tonnes of LNG per year.

By comparison, the Petronas-led Pacific NorthWest LNG project near Prince Rupert could ship as much as 22 tonnes of liquefied natural each year.

Cornhill expects a final investment decision on Douglas Channel LNG will be made by the end of the year.

 

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