British Columbia wants Indian LNG partners

Vol 18, PW 3 (25 Sep 14) People & Policy
     

Canadian province British Columbia (BC) wants Indian companies to participate in up to 16 new LNG export terminals planned for the province’s rugged Pacific coastline.

British Columbia premier (Ms) Christy Clark will be in Delhi on October 13 to invite IndianOil and OVL stakes in at least three LNG projects expected to be ready by 2020: the 2.1m t/y Woodfibre Natural Gas project; the $11bn Pacific Northwest LNG facility promoted by Petronas and Progress Energy Canada; and the 10m t/y Kitimat LNG project promoted by Chevron. “India is a key LNG market and BC wants companies like IOC and OVL to become partners in the LNG supply chain,” confirms an oil ministry source.

“Clark is here for two days and will meet the oil minister (Dharmendra Pradhan) and Indian energy companies.” Among those Clark is meeting in Delhi, Mumbai and Chandigarh is IOC chairman B.

Ashok, OVL managing director NK Verma and Petronet-LNG managing director AK Balyan, as well as power and fertiliser companies. She will encourage Indian companies to consider long-term LNG purchase agreements with British Columbia.

Backed by Indonesian billionaire Sukanto Tanot, Woodfibre’s terminal, 7-km south of Squamish district, is the first expected to go onstream. Tanot signed an LoI with Clark on May 7 in Singapore.