Monday, January 16, 2012

If Kitimat LNG tanks, will Texada Island LNG take over?

 In case you missed the UPDATE to the West Coast LNG Project and Proposals, here is the UPDATE (below) and the Original.... here:

As to who owns what on Canadian soil at the proposed Kitimat LNG site
1/15/10 – Apache acquired a controlling 51% stake in Kitimat LNG, with Galveston LNG (SOLD out to EOG Canada) retaining 49%. 1/21/10 – Kitimat signs MOU with ‘major’ Japanese firm after MOU with Mitsubishi expired. EOG Canada acquires 49% from Galveston LNG Inc (May 2010). 10/27/10 – Korea Gas has begun commercial production at the Jackpine field in Canada, in which it holds a 50% stake. March 2011 – Ownership ships so that:
40 %Apache Corp., 30% EOG Resources Canada Inc., 30% Encana Corporation. KM LNG is the operator. 4/27/11 – Haisla Nation and LNG Partners of Houston have joined to propose an LNG export facility just north of Kitimat on Douglas Island in Bish Cove. The project will cost between 360 and 450 million dollars and will move about 125 MMcf/d. The project is scheduled to come online in 2013.

Texada Island LNG
On June 6, 2006 Westpac filed its official Project Description with the Prince Rupert Port Authority, formally beginning the regulatory review and environmental assessment process for the project. 8/1/07 – WestPac LNG Corp. has abandoned plans for a $350-million liquefied natural gas terminal in Prince Rupert, B.C. and has proposed a $2-billion LNG terminal and power plant on Texada Island in the Strait of Georgia. WestPac
LNG plans to file a detailed Project Description with the BC Environmental Assessment Office and the Canadian Environmental Assessment Agency in early 2009. WestPac plans to put off filing its project description until the company has a better sense of new greenhouse gas (GHG) regulations that may come into effect.

It would be kind of "nice" to see something from whomever is running roughshod over the LNG line to Kitimat as to who the Shareholders are, now, and the background on them, and the same for any LNG site on the West Coast of North America.

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