British Columbia Nears Land Deal For Sinopec LNG Export Project

The British Columbia government is close to completing an accord for land needed by China Petrochemical Corp. for a proposed liquefied natural gas export project in Canada’s westernmost province.

Asia’s largest refiner, known as Sinopec Group, is interested in sourcing Canadian LNG supplies to help meet a near-term import target of about 30 million metric tons a year, Rich Coleman, British Columbia’s Minister of Natural Gas Development, said today on a call from Kuala Lumpur. Coleman met with Sinopec executives during an eight-day trip that ended today to promote the province’s LNG industry, he told reporters.