The export licence will authorize LNG Canada to export 670 million tonnes of LNG (approximately equivalent to 32.95 trillion cubic feet of natural gas) over a 25-year period. The maximum annual quantity allowed for export will be 24 million tonnes of LNG (approximately equivalent to 1.18 trillion cubic feet of natural gas). The daily equivalent of these exports is 3.23 billion cubic feet per day.
LNG Canada is made up of a partnership that includes Shell, South Korea’s Kogas, Japan’s Mitsubishi Corp. and China’s PetroChina Company Ltd.
They have picked Calgary-based TransCanada Corp. to build a 700-kilometre pipeline connecting prolific shale gas fields in northeastern BC to the port of Kitimat.