Deal to Purchase Site for Nova Scotia LNG Plant Advances Quickly

One month ago MDN brought you the news that Liquefied Natural Gas Limited (LNGL) was in the process of purchasing a 255-acre site in Nova Scotia, Canada from Anadarko Petroleum to be used as an LNG export facility (see New LNG Plant in Nova Scotia Will Use Marcellus Gas). The reason that’s news for MDN is because some of the gas that will feed the facility is slated to be Marcellus Shale gas, piped up to Nova Scotia. Today LNGL announced the purchase of what they call the Bear Head LNG site is now complete, ahead of schedule. LNGL paid a drop in the bucket–$11 million–for the site. If they move forward with building an LNG export facility, they’ll invest something like $2.2 billion…

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