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BC LNG Agrees to Sell 700,000 Tons LNG a Year, Globe & Mail Says

BC LNG Export Cooperative agreed to sell gas from its planned Douglas Channel project to Golar LNG and LNG Partners, the Globe & Mail reported on its website yesterday, citing Tom Tatham, BC LNG’s managing director.

* Contract pricing to be based on North American spot prices: Globe & Mail * Final investment decision for project near Kitimat, British Columbia, could be made in the next few months * Deals for delivery of about half the LNG to Asian buyers to be finalized in the next week or two: Globe & Mail

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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