Energy board OK's its first 40-year natural-gas export licence for LNG Canada

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.
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