Commodities
Top Gas Producer in Canada Joins Effort for New Pacific LNG Terminal
Tourmaline Oil CEO Mike Rose
Photographer: Victor J. Blue/Bloomberg
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A proposed liquefied natural gas export terminal on Canada’s Pacific Coast is getting a major boost as Tourmaline Oil Corp. — the country’s largest natural gas producer — agreed to join the project.
Tourmaline said late on Wednesday that it’s joining Rockies LNG, a group of producers working on the 12 million-metric-ton-per-year Ksi Lisims project on the northern edge of British Columbia’s Pacific coast. Rockies LNG’s members produce a combined 5.6 billion cubic feet per day, about a third of the country’s output. The Nisga’a Nation indigenous group and Texas-based Western LNG also are involved.