(The following press release from the British Columbia Premier's Office was received by e-mail and was reformatted. The sender verified the statement.) NEWS RELEASE For Immediate Release 2013PREM0082-001147 July 23, 2013 Office of the Premier Ministry of Natural Gas Development LNG export applications continue to gain momentum VICTORIA - Another liquefied natural gas (LNG) export application has been filed by Woodfibre Natural Gas Limited today with the National Energy Board (NEB) for the Woodfibre LNG Project. This is a further sign that B.C.'s LNG industry continues to gain speed. "Seeing another LNG export licence filed with the federal government shows two things," said Premier Christy Clark. "It further indicates that our LNG has huge promise to deliver the jobs and prosperity that B.C. so richly deserves, but also that it's right around the corner. If they want to be part of this opportunity, it's urgent that companies are in the game now." "Companies who want to capitalize on the emerging LNG industry are moving very quickly to develop their projects in British Columbia," said Rich Coleman, Minister of Natural Gas Development. "We're confident an LNG industry will create thousands of jobs and provide lasting legacies that will deliver a wide range of benefits for our communities." Woodfibre Natural Gas Limited is proposing to construct a liquefied natural gas processing and export facility project with a proposed capacity of approximately 2.1 million tonnes per year. If approved, it will be located at the waterfront industrial site of Western Forest Product's former pulp mill near Squamish. "Woodfibre Natural Gas Limited is continuing to pursue early feasibility work on our project and this application is an important step. We look forward to moving forward through additional regulatory processes and furthering our work with the community, First Nations and the public in the many months ahead," said company president Ratnesh Bedi. In reviewing each export application, the NEB ensures that quantity of the gas does not exceed the amount required to meet domestic demand. If the NEB grants permission for this export licence, the total number of licences awarded would rise to seven. Quick Facts: * Woodfibre Natural Gas Limited is a Canadian company and part of the Pacific Oil & Gas Group, an independent energy resource development company. The company invests, develops, builds, owns and operates projects around the globe. * The NEB is an independent federal regulator of Canada's energy industry. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest. * The NEB has issued export licences to three other LNG proponents: o A 20-year licence to Douglas Channel Energy Project (Texas-based company/Haisla Nation/Golar LNG). o A 20-year licence to Kitimat LNG (Apache Corp. and Chevron Canada). o A 20-year licence to LNG Canada (Shell and co-venture partners). Learn More: The Woodfibre LNG Project: http://www.woodfibrelngproject.ca/ British Columbia's Natural Gas Strategy and the Liquefied Natural Gas Strategy: http://www.empr.gov.bc.ca/OG/NGS/Pages/default.aspx One Year Update: http://www.gov.bc.ca/com/attachments/LNGreport_update2013_web130207.pdf The National Energy Board: http://www.neb-one.gc.ca/clf-nsi/rcmmn/hm-eng.html Media Contacts: Sam Oliphant Office of the Premier 250 952-7252 Sandra Steilo Media Relations Ministry of Natural Gas Development 250 952-0617 Byng Giraud Vice President, Corporate Affairs Woodfibre Natural Gas Limited 778 233-6449 Connect with the Province of B.C. at: www.gov.bc.ca/connect (kgt)NY
B.C.: WOODFIBRE FILES LNG EXPORT APPLICATION WITH CANADA'S NEB
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