The National Energy Board on Friday approved two applications for 25 year LNG export licences.
A licence was approved for Aurora LNG to export liquefied natural gas for a maximum term amount of 849.82 109m3. The export point would be in the vicinity of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed liquefaction terminal.
A licence was also approved for Oregon LNG to export natural gas for a maximum term amount of 375.17 109m3. The export point would be in the vicinity of Kingsgate and Huntingdon, British Columbia via existing natural gas pipelines.
Recent developments in gas production technology have resulted in a significant increase in the Canadian gas resource base and North American gas supply. One of the major impacts of this increase is lower demand for Canadian gas in traditional gas markets in the United States and eastern Canada. As a result, the Canadian gas industry is seeking to access overseas gas markets.