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NEB allows 15-year extension for license to ship natural gas out of Prince Rupert

WCC LNG Ltd. has been allowed a 15-year extension approved by the National Energy Board for an exporting license to ship natural gas out of Prince Rupert for a total of 40 years, giving the company 10 years to get started.

The proposed facility that’s still in it’s early stages of assessment will look to ship 15 million tonnes of natural gas annually, with plans of a possible yearly export of 30 million tonnes. The license specifies locations in Prnice Rupert or Kitimat only, with the proposed location being on eastern shore of Tuck Inlet.

As a part of the former Conservative Government’s ‘Canada’s Economic Action Plan,’ the licence limits the exporter from exceeding the Canadian demand, or a ‘surplus’ to Canadian needs.

The current shareholders of WCC LNG Holdings Ltd. are ExxonMobil Canada Ltd. and Imperial Oil Resources Limited.

The National Energy Board has approved 18 licences for export.

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