Thursday, April 16, 2009

$1.2 billion Pacific Trails pipeline to carry Canadian gas to markets in Asia

VANCOUVER, B.C. - The government of British Columbia has announced that it will work closely with Canada’s first nations to secure a direct interest in the Pacific Trail Pipelines Limited Partnership.
PTP is developing a 463-km. natural gas pipeline from Summit Lake to Kitimat costing an estimated $1.2 billion.
When completed, the pipeline will take shale gas from Horn River for export on liquefied natural gas (LNG) tankers to markets in Japan, China, South Korea and elsewhere.
Both the terminal and the pipeline have received the required provincial and federal environmental assessment approvals and are now working to finalize commercial arrangements.

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