BUSINESS

Bear Head LNG Corporation applies for N.S. export licence

The Canadian Press Published Friday, November 7, 2014 9:14AM EST

Natural gas pipes where the Maritimes & Northeast Pipeline connects to the North American pipeline grid, in Dracut, Mass., on Nov. 17, 2005. (AP / Steven Senne)

Text:

POINT TUPPER, N.S. -- The company behind a proposed liquefied natural gas project in Nova Scotia says they have filed an application with the National Energy Board for an export licence.

Bear Head LNG Corporation, a subsidy of the Australia-based Liquefied Natural Gas Ltd., says it's asking for licences to import natural gas from the United States and export liquefied natural gas for a 25-year term.

If approved, the plant would be authorized to export eight million tonnes of liquefied natural gas per year beginning in 2019.

That would increase to 12 million tonnes per year in 2024, depending on market and supply conditions.

The company says all major federal government approval for the Bear Head LNG plant in Point Tupper are either in place or the applications are before regulators.

Liquefied Natural Gas Ltd. bought the site from Anadarko Petroleum Corporation in an $11 million-deal that closed in August.