Houston-based Buckeye Partners LP on Thursday unveiled definitive plans to acquire – and revive – an inactive liquefied natural gas (LNG) project on Canada’s Atlantic coast, Bear Head LNG.

bear head map

“This acquisition demonstrates Buckeye’s focus on being an integral part of the next phase of the global energy evolution,” said Buckeye CEO Todd Russo.

Buckeye’s Bear Head Energy Inc. acquisition includes 251 acres of land and a 68-acre water lot – and access to a year-round northern ice-free port – beside the Strait of Canso, located between the Nova Scotia mainland and Cape Breton Island.

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Moreover, the Bear Head facility would be an...