The LNG terminal would be located at Placentia Bay, Newfoundland, and provide facilities for LNG cargo transfer, temporary vessel-based storage and a lay-up site for in-transit carriers.
Newfoundland LNG said in a statement. The terminal would also provide land-based storage opportunities for reloading of smaller or specialized LNG carriers and for customers with peak-use requirements or seasonal needs, the statement added.
We are delighted to be able to take this important step after nearly two years of feasibility and assessment, said Mark Turner, President and Chief Operating Officer.
The Government of Newfoundland and Labrador has stated its desire to establish the Province as an Energy Warehouse and the construction of an LNG terminal contributes to the critical mass of energy infrastructure in the Province, Turner added.
Over three major project phases, the venture envisages: three jetties with berthing capability for LNG tankers up to 265,000 cubic metres capacity; a tugboat basin; andeight LNG storage tanks.