New LNG Plant in Nova Scotia Will Use Marcellus Gas

Earlier today Australian company Liquefied Natural Gas Ltd. (LNGL) announced they’re purchasing a 255-acre site from Anadarko Petroleum located in Richmond County, Nova Scotia (Canada) that was previously going to be an LNG import facility BSGR (Before the Shale Gas Revolution). Anadarko’s plans have evaporated and LNGL now plans to convert the site, where a lot of work has already been done, into an LNG export facility. To finish site prep and install the necessary equipment will set them back around $2.2 billion, about the same amount of money they’re already spending on a similar project in Lake Charles, Louisiana–the Magnolia LNG export facility. LNGL plans to use Canadian on- and off-shore natural gas supplies to feed the new export facility. However, also key to their plan is using Marcellus Shale gas. Get this: LNGL figures their Nova Scotia project, called Bear Head LNG, will go online before the U.S. project (even though the U.S. project has had a years head-start) because regulations in the U.S. are so onerous…

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