Ahead of much larger deals expected to be finalized with operators of bigger new terminals, a small-scale Canadian liquefied natural gas (LNG) plant has signed the country’s first binding supply agreement with China.
An agreement made between Privately-owned FortisBC and China’s Top Speed Energy Corp. Since a pilot in 2017, small-scale cargoes on a spot basis to China has been supplied by FortisBC. FortisBC, as of 2021 for two years, will supply 53,000 tonnes from its Tilbury facility in British Columbia.
It is a small deal, however, it signs of things to come. Pacific Oil & Gas, Chevron, and Royal Dutch Shell are planning terminals with an export capacity of 24 million tonnes a year (mtpa) in British Columbia, targeting Asian buyers.
Non-binding contracts signed by Singaporean Pacific Oil & Gas with Chinese buyers Guangzhou Gas Group and CNOOC for 1 mtpa for 25 years and 0.75 mtpa for 13 years, respectively, from the planned LNG export terminal Woodfibre, British Columbia.
Tags: EN FNSS British Columbia,CNOOC,Chevron,China,FortisBC,Guangzhou Gas Group,Pacific Oil & Gas,Royal Dutch Shell,SSESSMENTS,Supply Agreement,Tilbury facility,Top Speed Energy Corp,Woodfibre,small-scale Canadian liquefied natural gas (LNG) plant,small-scale cargoes
Published on July 18, 2019 8:53 PM (GMT+8)Last Updated on January 14, 2020 7:43 AM (GMT+8)
