NEWS: LNG terminals planned for Guysborough, NS to export to Europe, India

The Globe and Mail reports, "The backers of a liquefied natural gas project on Canada’s East Coast will unveil a large export contract with a major European utility firm Monday, according to people familiar with the deal, adding to momentum to make the massive Goldboro LNG export terminal a reality. Goldboro will announce a multiyear supply agreement with E.ON AG, a publicly traded German company, in Halifax, according to sources. ...Goldboro will send roughly five million tonnes of LNG a year for 20 years to E.ON, sources said. That volume of gas equals the first phase of a proposed project in Kitimat on the British Columbia coast."

"Pieridae Energy (Canada) Ltd. is developing the proposed project, and expects to complete the early engineering phases and environmental assessment process this year. The proposed facility, which expects commercial operations to begin in 2020, will have the capacity to move 10 million tonnes of LNG a year. ...The LNG terminal is to be built in Guysborough, N.S."

The article adds, "There are a number of natural gas fields near Canada’s East Coast – both on and offshore – that would benefit from projects such as Goldboro. ...(The) natural gas supply could come from the Marcellus formation in the northeastern United States, New Brunswick and on and offshore Nova Scotia. The Sable offshore project, owned by Exxon Mobil Corp., Royal Dutch Shell PLC, Imperial Oil Ltd., Pengrowth Energy Corp. and Mosbacher Operating Ltd., could also benefit and is only 200 kilometres to Goldboro. Corridor Resources Inc., a small operation with operations on the East Coast (including the the Penobsquis area of New Brunswick, and which seeks to frack near Lake Ainslie, Nova Scotia), also mentions Goldboro’s export potential when trying to attract investors." The Chronicle-Herald has reported, "One-third of the Goldboro facility’s supply will come from shale gas projects in New Brunswick and officials are also exploring options in offshore Nova Scotia and the northeastern United States."

The Chronicle-Herald has also reported, "A second multibillion-dollar liquefied natural gas project is being proposed for Guysborough County. Indian company H-Energy has an option to acquire 240 hectares of land from the province for a possible LNG plant and export terminal along the Strait of Canso. H-Energy may be eying North America as a potential source of natural gas for energy-hungry India. The company, part of Mumbai-based Hiranandani Group, is also building an import terminal, with a capacity of eight million metric tonnes per year, on India’s west coast."

CBC adds, "The site’s deep water port and proximity to an existing natural gas pipeline — which would need to be expanded — make the spot ideal for this type of operation. ...Hiranandani stresses this project is in its earliest stages. The next step is a feasibility study. The best scenario would see construction completed by 2020."

For more, please read:
East Coast LNG project to unveil major shipping deal to Europe
Second LNG project proposed
Council of Canadians fracking campaign web-page