Rockies LNG, a firm set up by a group of Canadian natural gas exploration and production companies, is considering developing its own barge-based export project on the Pacific Coast of British Columbia as an outlet for abundant gas resources.
Rockies LNG Chief Executive Greg Kist said that the nine companies in the group were considering a project that could produce around 12 million tonnes per annum of LNG.
The Canadian E&P consortium hired experienced executive Kist in 2018 as a consultant. He is the former President of the Pacific NorthWest LNG project company formed by Petronas of Malaysia.
Petronas eventually cancelled the Pacific Northwest venture planned for BC and instead joined the LNG Canada project led by Royal Dutch Shell.
There were more than 20 LNG proposals in BC just six years ago from a range of different companies to build projects on Canada’s West Coast.
However, LNG Canada is the only industrial-scale plant making progress and announced a final investment decisions in October 2018.
The Rockies LNG group is “a collaboration amongst competing producers” that collectively produce 20 percent of Canada’s natural gas and 40 percent of natural gas products such as propane, butane and ethane.
The group is made up of Calgary, Alberta-based producers including Advantage Oil & Gas Ltd. and Peyto Exploration & Development Corp. and first came together in 2018 to seek new outlets for their gas, now competing with the US shale glut and pipelines bottlenecks in Canada.
The Rockies venture expects to select a potential site for the planned near-shore barge project by the first quarter of 2020.