Plan B: After investors pull out of B.C., interest in planned N.S. LNG facility up
HALIFAX — A Nova Scotia company looking to build a liquefied natural gas terminal on Canada’s East Coast says it’s seeing an uptick in interest since an LNG megaproject slated for the West Coast was scrapped last week.
Paul MacLean with Bear Head LNG Corp., a subsidiary of Australia-based Liquefied Natural Gas Ltd., says after more than a year of wooing western Canadian shale gas producers, the Nova Scotia project is getting attention.
“We’ve been working with western basin producers over the last year-and-a-half presenting Bear Head as a complimentary option to what was proposed for the B.C. LNG project,” MacLean, strategic and regulatory affairs adviser, said in an interview. “It was sort of a plan B.”
But with Petronas and its partners pulling out of the $36-billion Pacific NorthWest LNG project planned for British Columbia, Bear Head is hoping to become the top choice for producers looking to get landlocked natural gas to markets.