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FRIDAY, July 6, 2012
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Volume 6 Issue 52
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TERRACE - Dean Sturko, wearing the yellow rain slicker, and his team proved a popular attraction at Heritage Park July 1 by offering hayrides. Close to 1,000 people came to the Heritage Park to enjoy food, music, local artisans and games despite threatening weather. A Canada Day birthday cake was cut and shared among those present.
LNG ďŹ eld getting crowded in northwest with Rupert tagged as project location By Shaun Thomas THE NORTHERN CONNECTOR
PRINCE RUPERT - A second major gas company has begun looking at Prince Rupert for the site of an LNG export terminal. PETRONAS, a Malaysian state-owned oil and gas company, announced it would be conducting a feasibility study for an export terminal in Prince Rupert at the same time it announced plans to purchase Canada’s Progress Energy Resources Corp. for $4.8 billion. PETRONAS joins the BG Group in undertaking a feasibility study for an LNG export terminal in Prince Rupert, though this time Ridley Island isn’t the focal point.
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“The site PETRONAS is looking at is on the Lelu Island industrial site, just a stone’s throw from where the BG Group would set up their LNG facility,� explained Prince Rupert Port Authority spokesperson Michael Gurney, adding that the port authority is excited about this development because of the PETRONAS’ international standing in the energy industry. “We’ve been looking at this for a few months, having conversation and pre-feasibility talks, and I’m pleased that we’ve reached the point where the company is considering a feasibility study and is releasing this good news to the public.� According to a statement
from the company, in addition to a feasibility agreement being signed with the port authority, more work has been taking place behind the scenes. “We have begun engagement with relevant authorities and First Nations, as well as community groups, and we look forward to working closely with them in the course of our site investigation,� said Datuk Anuar Ahmad, Executive Vice President of the gas and power business for PETRONAS. “A key consideration in our investigation will be understanding the environmental and social impacts as well as ascertaining technical feasibility.� As for any time line or more information on the project, Gur-
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ney said it is too early to say. “The Prince Rupert Port Authority regularly entertains a wide array of development proposals including new terminals and facilities opportunities within the Port complex suitable for consideration within its industrial property holdings, but the PRPA does not comment on the details of any potential project at this early stage of site and feasibility assessment,� he said. “At this point, it is too early in PETRONAS’ assessment of the project to provide further comment on PETRONAS’ interest and intent in developing an LNG export terminal at the Port of Prince Rupert, British Columbia.�