Kitsault Energy has signed a Memorandum of Understanding (MOU) with an Asian Oil and Gas Major to partner for the Development of Northeast BC and Northwest Alberta Natural Gas (NG) fields, NG Pipeline, Liquification of NG (Floating and Land Based), Dedicated Energy Export Terminal, LNG Transportation at Kitsault, and Regasification, Marketing, Sales and Distribution.
Kitsault Energy will continue to work with other potential partners, for upstream, midstream and downstream activities, in Canada and Asia, to expedite the planning, permitting and approvals, to establish a strong, positive and mutually beneficial relationship with First Nations Governments, (for education, job training, healthcare, jobs, economic opportunities, and community and regional development), and to execute speedy and environmentally friendly construction of the various aspects of the NG & LNG supply, operation and transportation.
Kitsault Multi Phase Energy Project
The Multi Phase Project includes Phase I, II and III and is as follows: Phase I – A rail line from Terrace to Kitsault and a private airport, 48″ Diameter Natural Gas pipeline to Kitsault (“Kitsault Gas Transmission Line” – KGTL), FLNG, and an export terminal and facilities for exporting 5 Million Tons LNG or more per year (8 to 10 Billion USD project estimated cost and time line for shipping LNG, in 2017). Phase II -A land based LNG facility and operation, additional export facility as needed, at an estimated cost of 8-10 Billion USD for producing up to 30 Million Tons of LNG per year, targeted completion in 2020 or sooner. Phase III – Other opportunities to expand energy export capabilities as needed in the future, at an estimated cost of 5-10 Billion USD (completion by 2020 or sooner).
Kitsault is located 800 km (500 miles) north of Vancouver, British Columbia and 115 km (75 miles) north of Prince Rupert, British Columbia, Canada. It is a purpose-built resource community with complete community infrastructure and housing for nearly 1,000 residents. With nearly 350 acres of industrial and residential land, full B.C. Hydro service, and deep water for a port, Kitsault makes both economic and environmental sense as the preferred location to be the Liquefied Natural Gas (LNG) terminal site for the export of natural gas from North East British Columbia to Asia and other markets.
LNG World News Staff, August 20, 2013