PERTH (miningweekly.com) – The subsidiary of ASX-listed Liquefied Natural Gas (LNG), Bear Head LNG Corporation, has reached an agreement to purchase additional land from Nova Scotia Business Inc, to allow the company to expand its LNG facility on the Straits of Casno.
Bear Head LNG president Maurice Brand said on Tuesday that the acquisition of the additional land would enable the company to increase the capacity of its LNG facility from 8-million tonnes a year to 12-million tonnes a year by 2024.
“Over the past couple of years, Bear Head LNG has made significant progress on the project by obtaining regulatory certainty. This agreement between Bear Head LNG and Nova Scotia Business Inc is important for future development and planning, thus facilitating economic growth and job creation in the Strait region.”
Bear Head would acquire an additional 72 acres of land directly adjacent to its existing 255 acre site.
Bear Head has Canadian approval to export up to 12-million tonnes a year of LNG, while the US Department of Energy has allowed the company to export US-sourced natural gas to both nations that had existing free trade agreements, and nations that did not.