Canada approves four LNG export licenses for Pacific coast

|By:, SA News Editor

The Canadian government approves four long-term licenses to export liquefied natural gas from proposed projects on the country's west coast which potentially could allow for the export of up to 73.3M metric tons/year of LNG.

The licenses, which already had received approval from the National Energy Board, are for LNG exports from proposed Pacific coast terminals backed by Exxon Mobil (XOM), BG Group (BRGYY, BRGXF) and Malaysia's state-owned Petronas.

None of the proposed projects have been built or even formally approved by their sponsors.