Canadian regulators have approved a 25-year liquefied natural gas (LNG) export license for the Triton LNG project supported by AltaGas Ltd. and Japan’s Idemitsu Kosan Co. It is the latest in a number of proposed LNG projects for Canada’s West Coast to receive clearance.
The National Energy Board has commented that the Triton Project has been approved to liquefy and ship approximately 320 million cubic feet a day from the planned floating LNG facility whose site has not yet been selected.
This is just the latest approval for the nascent industry, after applications from other would-be projects such as the Kitimat LNG plant planned by Chevron Corp. and Apache Corp. The projects are aiming to take gas from western Canada’s massive shale fields to high-paying Asian markets, even though none have been 100 percent approved by their backers. There are now a total of eight planned LNG facilities that have been granted export licenses.