Canada’s National Energy Board (NEB) has approved the application of Orca LNG for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metres.
The issuance of this licence is subject to the approval of the Governor in Council, NEB said on Monday.
According to NEB, the quantity of gas proposed to be exported by Orca LNG is surplus to Canadian needs.
“The NEB is satisfied that Canada’s gas resource base, and the overall gas resource base in North America, is large and can accommodate reasonably foreseeable Canadian demand.
This demand would include the LNG exports proposed by Orca LNG as well as a plausible potential increase in Canadian demand,” NEB added.
Orca LNG is proposing to develop an LNG terminal in the vicinity of Prince Rupert, British Columbia.
The Orca Energy Hub would be a gas gathering and liquefaction facility that would consist of 6 floating liquefaction storage and offloading vessels, permanently moored near-shore.
Each vessel will be able to liquefy approximately 4-5 million tonnes per annum of LNG.