Tourmaline Aims to Double Portion of Gas Shipped as LNG by 2026
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Tourmaline Oil Corp., which began shipping liquefied natural gas off the US Gulf Coast this year, could more than double the portion of its gas output that’s exported in liquefied form within three years.
The volumes sent as LNG could rise to 10% to 15% in the next two or three years from 6% currently, Michael Rose, chief executive officer, said in an interview. Earlier this year, the company started sending natural gas from British Columbia to Cheniere Energy Inc.’s LNG export terminal on the Gulf Coast, where the gas is sent to markets in Asia and Europe.