Kitimat LNG Terminal
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Kitimat LNG Terminal is a proposed LNG terminal in British Columbia, Canada.
Contents
Location
Project Details
- Parent: Chevron (50%), Woodside Energy (50%)
- Location: Port of Kitimat, British Columbia, Canada
- Coordinates: 54, -128.7 (approximate)
- Capacity: 10 mtpa
- Status: Proposed
- Type: Export
- Trains: 2
- Start Year: 2029
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Kitimat LNG Terminal is a proposed LNG terminal in British Columbia, Canada.[1]
"Kitimat LNG is a joint venture between oil giant Chevron and Australian oil and gas corporation Woodside Energy. Like Shell and Exxon, Chevron is one of the top players in the fracked natural gas market. Kitimat LNG has been in development since 2004 under the development name KM LNG Operating Partnership. The ownership structure has changed several times since the project began: the partnership was originally led by the Canadian arm of Texas-based Apache Corporation. The planned facility would be located next door to another proposed LNG project at Bish Cove on the Douglas Channel, on land leased from the Haisla Nation. Chevron’s proposed 480-kilometer Pacific Trail Pipeline would deliver gas to the facility from the Liard and Horn River basins. Chevron and Woodside hope to export 10 million metric tons of LNG per year from the liquefaction plant," according to the Sightline Institute's 2018 report, "Update: Mapping BC’s LNG Proposals."[2]
The liquefaction plant would consist of two liquefaction trains with up to 6 mtpa production capacity each with an option for a third liquefaction train of the same capacity. The Kitimat LNG Terminal project will also consist of an approximately 17-kilometer pipeline that will connect the LNG terminal to existing or new natural gas pipeline infrastructure in Kitimat B.C. The commissioning of the Kitimat LNG Terminal is anticipated to be no later than 2029.[3]
As of June 2017, the facility secured all environmental approvals.[4] But as of January 2018, it has still not announced a final investment decision. The company is re-evaluating its original project design in order to drive down costs, which are now seen as too high given the global collapse of LNG prices.[2]
In December of 2019, Chevron announced plans to sell its 50% stake in the project. The project has experienced extensive ownership turnover. Chevron originally bought its 50% stake from Calgary-based Encana Corp. and Houston-based EOG Resources in December 2012. In 2020, Apache sold its 50% stake to Australia’s Woodside Petroleum, which remains Chevron's partner in the project.[5]
Articles and resources
References
- ↑ Kitimat LNG Terminal, A Barrel Full, accessed April 2017
- ↑ 2.0 2.1 "Update: Mapping BC's LNG Proposals" Sightline Institute, January 2018
- ↑ Chevron files new Kitimat LNG application with Canada’s NEB LNG World News, April 4, 2019.
- ↑ "2017 World LNG Report" International Gas Union, Accessed June 20, 2017.
- ↑ Chevron set to exit Kitimat LNG project LNG World News, December 12, 2019
