The Canadian contender to start liquefied natural gas (LNG) exports from the Atlantic Coast has scooped up a western producer capable of supplying 16% of the first half of the proposed Nova Scotia terminal’s planned capacity.
Articles from Scotia
Higher bills are starting to arrive in Nova Scotia and New Brunswick after the provinces decided to drop out of natural gas production byenacting bansagainst the unconventional development that could have replaced depleted offshore supplies.
BP Canada Energy Group ulc has been granted operational approval for the first of seven planned deepwater exploration wells offshore of Nova Scotia.
Canada will have one less pipeline, and a depleted source of natural gas exports to the U.S. Northeast will vanish next year, when the Sable Offshore Energy Project (SOEP) begins winding down its operations.
BP plc’s Canadian unit has been granted a national environmental green light for a four-year exploration campaign across a 14,000-square-kilometer (5,600-square-mile) Atlantic Ocean drilling frontier offshore of Nova Scotia.
A target date of 2021 has been set to eliminate the last trace of Canada’s depleted 19-year-old Atlantic natural gas production network on the seafloor near Sable Island and the east coast of Nova Scotia.
Energy free trade with Canada enabled U.S. natural gas exporters to make sales worth C$51.4 billion ($41 billion) since the onset of high-volume unconventional production a decade ago, according to the federal government in Ottawa.
Canada’s Atlantic provinces are sliding into dependence on imports after banning horizontal drilling and hydraulic fracturing (fracking) to tap their natural gas deposits, said an industry- and government-supported agency.
The backers of two separate liquefied natural gas (LNG) export terminals in Nova Scotia have received approvals for their facilities to source gas from the United States in order to be liquefied at their respective facilities and exported to non-free trade agreement (FTA) countries.
Canada’s National Energy Board (NEB) last week granted import/export licenses to two liquefied natural gas (LNG) terminal projects. Separately, backers of Goldboro LNG and Bear Head LNG received approvals to send liquefied U.S. and Canadian gas to world markets.