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Kitimat, EOG discuss gas supply for Canadian LNG export terminal
WASHINGTON
Petroleumworld.com, July 15, 2009
Kitimat LNG said Monday that EOG Resources Canada may supply part of the
natural gas for what would be North America's second LNG export terminal.The two companies signed a memorandum of understanding under which they
will negotiate exactly how much natural gas EOG would supply to the proposed
facility in Kitimat, British Columbia. The planned terminal will need 700,000
Mcf/d of feedstock."EOG's participation in our project reinforces the fact that business and
natural gas fundamentals support our LNG terminal," Kitimat LNG's president
Rosemary Boulton said.EOG is the first producer to sign such an agreement with Kitimat. Kitimat
has signed MOUs with Spain's Gas Natural, Korea Gas and Japan's Mitsubishi for
the output of its proposed LNG facility capable of exporting 5 million mt of
LNG annually.Kitimat LNG received permits and authorizations to operate as an LNG
import facility in 2006, but in 2008 decided to change the project to become
an export facility, citing market conditions. Kitimat received federal
approval for the facility in December and provincial approval in January.Kitimat would be the second LNG export facility in North America, in
addition to an Alaskan LNG liquefaction plant that began operating in 1969.
Story from Platts
Platts 07/14/2009
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