Canada regulators approve export permits for four more LNG proposals

|By:, SA News Editor

Canadian federal regulators late Monday approved four new applications to export liquefied natural gas, including for proposed Pacific coast terminals backed by Exxon Mobil (XOM), BG Group (BRGYY, BRGXF) and Malaysia's Petronas.

The four permits issued Monday, for 25 years each, are among nearly a dozen different plans for LNG terminals in British Columbia, none of which has been built yet or even formally committed to by their corporate sponsors.

The largest project of the four would be XOM's plan, with its Canadian affiliate Imperial Oil (IMO), to export up to 30M metric tons/year of gas, or 4B cf/day, from a terminal to be located near the remote coastal towns of Kitimat or Prince Rupert, B.C.