Phase-1 of the Elmworth LNG facility will be operational in May-2014. The facility was constructed as a 50/50 JV partnership between Ferus and Encana.
Ferus states that the LNG plant is strategically located in close proximity to the active Alberta-British Columbia Deep Basin oil and gas region. The plant will produce LNG fuel for use in drilling rigs, pressure pumping services, and heavy-duty trucks.
Upon the completion of the transaction, Ferus will hold 100% operated interest in the LNG plant.
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