Exxon Mobile could spend $25 billion on LNG plant in BC

first_imgIn a Sunday story, the Globe says Exxon-Mobile believes it has the expertise to make its west coast LNG project, WCC LNG viable, and it plans to spend up to 25 billion dollars to prove it.The article notes, while Petronas has decided to delay moving forward with its project near Prince Rupert, Exxon-Mobile hopes to secure a provincial environmental assessment certificate by the end of next year.That would allow for a final investment decision in 2017, on its Tuck Inlet terminal, also near Prince Rupert, which it forecasts will require up to 6,000workers at the peak of construction.- Advertisement -The story says, the construction period would take seven years, and if all went according to plan, more than 250 plant workers would be required by 2024, with another 150 contract workers needed to handle the support services.The terminal’s initial, annual shipment capacity to Asian buyers is projected at 15 million tonnes, and with an initial first phase capital cost ranging, from 15 to 25 billion dollars, the project would represent one of the largest LNG industry investments in B.C.However, it wouldn’t be a first for Exxon-Mobile, which has more than 40 years of LNG project development experience in Qatar, New Guinea, and Indonesia.Advertisement Read the full story from the Globe and Mail here.last_img read more

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2020-01-11

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