Page 13 - NorthAmOil Week 29 2021

NorthAmOil PROJECTS & COMPANIES NorthAmOil

Like the 14mn tpy
LNG Canada project
that is currently under
construction in the
province, Ksi Lisims
LNG would be aimed at
exporting the super-
chilled fuel to Asia.

First Nation, partners propose

Canadian LNG project

BRITISH THE Nisga’a Nation, a First Nation in the Cana- LNG export project in the world. Indeed, they
COLUMBIA dian province of British Columbia, has unveiled would eventually target net-zero greenhouse gas
a proposal for the Ksi Lisims LNG project, along- (GHG) emissions at the site, also using carbon
side its partners Western LNG and Rockies LNG offsets and, potentially, carbon capture and stor-
Partners. The initial project description has been age (CCS).
filed with provincial and federal regulators. The partners anticipate that the economic
The group is proposing to build a 12mn tonne impact of Ksi Lisims LNG will be CAD55bn
per year (tpy) LNG project at Wil Milit on the ($43bn) including the facility, pipeline and the
northern tip of Pearse Island, near the Nisga’a production of natural gas over 30 years.
village of Gingolx, north of Prince Rupert and Western LNG’s founder, president and
close to BC’s border with Alaska. The facility CEO, Davis Thames, said that his company’s
is anticipated to cost CAD10bn ($7.8bn). The floating design was central to delivering a
project will also include a pipeline to transport project in a remote location on time and on
natural gas from the north-eastern corner of BC budget. He added that the company had com-
to the coast, which would be operated by a third mercial concepts that it expected to be attrac-
party. Ksi Lisims LNG is negotiating with two tive to customers in the Pacific Basin. Further The project will
companies to build the pipeline. details of the design have not yet been publicly
CBC News noted that Enbridge’s Westcoast disclosed. also include
Connector Gas Transmission project and TC Like the 14mn tpy LNG Canada project that
Energy’s Prince Rupert Gas Transmission pro- is currently under construction in the province, a pipeline to
posal both already have environmental approv- Ksi Lisims LNG would be aimed at exporting
als in place. They had both previously been the super-chilled fuel to Asia. The proposal for transport natural
planned to transport gas for LNG export projects the project comes after numerous other LNG gas from the
in the Prince Rupert area that have since been project proposals for Canada’s West Coast were
scrapped. cancelled in recent years. Most recently, Chev- north-eastern
The partners anticipate that the liquefaction ron and Woodside Petroleum opted to abandon
terminal would receive 1.7-2.0bn cubic feet (48- their proposed Kitimat LNG project earlier this corner of BC to
57mn cubic metres) per day of feedstock gas. year. However, strengthening Asian LNG prices
The ownership structure of Ksi Lisims LNG and growing demand for natural gas to displace the coast.
is still being determined as the project’s backers coal in power generation have revived the case
continue to finalise commercial agreements and for new Canadian LNG exports, with gas cur-
carry out an initial phase of local engagement to rently able to fetch a premium in Asia compared
build support for the plan. They currently antic- with North American prices.
ipate the project entering commercial operations “Ksi Lisims LNG will provide Canadian nat-
in late 2027 or 2028. They stated that Ksi Lisims ural gas producers with new access to growing
LNG would be powered using locally generated global energy markets, and importantly, global
hydroelectricity and would have one of the low- LNG prices,” stated Rockies LNG’s president and
est unit carbon emissions rates of any large-scale CEO, Charlotte Raggett.™

Week 29 22•July•2021 www. NEWSBASE .com P13