Project Profile
Value: Undisclosed
Location: Richmond County, Nova Scotia, Canada
Capacity: 2 X 180,000 cubic metre LNG tanks (expansion plans to reach 4 mtpa LNG export capacity)
Area: 255‐acre site (compromising industrial‐zoned land - 180 acres and deep‐water acreage - 75 acres)
Start-up Year: 2019-2020
Liquefied Natural Gas Limited has significantly expanded its presence in the North American LNG sector by signing an agreement to acquire 100% of Bear Head LNG Corporation (BHLC) from a unit of Anadarko for US$11.0 million. The Bear Head LNG project is located in Richmond County, Nova Scotia, Canada, and the key assets include:
- A 255‐acre site compromising industrial‐zoned land (180 acres) and deep‐water acreage (75 acres) as well as foundations in place for two 180,000 cubic metre LNG tanks. The land has been cleared, a majority of site works completed and roads constructed.
- The Project Rights of the previously proposed LNG import terminal, including all assets, rights and obligations associated with the Bear Head project.
This acquisition, which is subject to standard closing conditions and consents, is in line with LNGL’s strategy of acquiring sites in North America where the company can replicate its Magnolia LNG project and fast‐track development by using its existing LNGL development team and its OSMR® technology. The transaction close is expected on or before 31 August 2014. LNGL plans to transform Bear Head into a 4 mtpa LNG export facility with potential for future expansion. The company has already developed a gas supply plan and a transportation plan, and has interest from several parties to enter into Tolling Agreements, adopting the same business model as the Magnolia LNG project.
LNGL is in discussions with gas transportation companies and owners of gas reserves regarding the supply of natural gas from onshore and offshore Canadian natural gas supply options, and the Marcellus Shale Gas Play in North‐Eastern USA, to the Bear Head LNG project site. As part of this transaction and once it is completed, LNGL will appoint John Godbold as Chief Operating Officer and Project Director of Bear Head LNG Corporation. John will be responsible for the project and reports to LNGL’s Managing Director Maurice Brand.
In 2016, LNG Limited’s Bear Head LNG agreed to buy additional land from Nova Scotia Business for possible expansion of its liquefied natural gas export facility on the Strait of Canso in Richmond County, Nova Scotia. Bear Head LNG will acquire an additional 75‐acres of land directly adjacent to its existing 255‐acre site on the Strait of Canso. The initial 8 mtpa facility would consist of four trains, two 180,000 cbm LNG storage tanks and a marine terminal and associated infrastructure able to receive LNG carriers with a capacity up to 267,000 cbm. The first LNG production from the facility is targeted for 2019-2020.
Bear Head LNG Corporation Inc. has received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural gas (LNG) facility. (July, 2016)
Bear Paw Pipeline Corporation Inc. (Bear Paw), an indirect wholly owned subsidiary of Liquefied Natural Gas Limited (LNGL) has received Nova Scotia Utility and Review Board approval to construct a 62.5 km natural gas pipeline from Goldboro to the proposed Bear Head LNG liquefied natural gas (LNG) export facility. (August, 2016)
Operators:
Liquefied Natural Gas Limited: Operator with 100% interest
Contractors:
KBR: Front End Engineering & Design (FEED) work for Bear Head LNG. Bear Head LNG will be utilizing OSMR(R) liquefaction technology, a patented technology owned by LNG Limited.
LearnCorp International: To provide skills training. (April 2016)