The board that regulates natural-gas exploration and production in Canada has approved its first 40-year export licence to a joint-venture company led by Shell.
The National Energy Board permit will allow LNG Canada to export up to 1,494-billion cubic metres of liquefied natural gas from a terminal that will be located near the B.C. north-coast community of Kitimat.
Until the National Energy Board Act was amended in June 2015, the maximum term length of an export permit was 25 years.
- See more at: http://www.princegeorgecitizen.com/news/energy-board-ok-s-its-first-40-year-natural-gas-export-licence-for-lng-canada-1.2146565#sthash.na7xt44Z.dpuf
Cheers
Dean Birks.comLabels: British Columbia real estate sales, kitimat, LNG, National energy board, natural gas. prince george, shell