BG joins Canada LNG race with pipeline plans
BG Group and Spectra Energy Corporation are poised to build and operate an 850 km pipeline
UK-based BG Group and Houston-based Spectra Energy Corporation are poised to build and operate an 850 km pipeline which will carry feedstock to a liquefied natural gas plant on the British Columbia (BC) coast. BG and Spectra will each own 50% of the project. Spectra will build and operate the line, while BG has agreed to contract for all the pipe’s proposed 4.2 billion cubic feet a day (cf/d) capacity. BG is studying the feasibility of a two-train LNG development, with a potential start-up date of 2019. A decision to sanction the project could come as soon as 2015, and it would easily be the largest terminal announced to date for Canada’s west coast. Financial terms of the BG/Spectra deal we
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