Pembina Pipeline looks to build gas export terminal near Prince Rupert, B.C
Calgary company's West Coast project would cost from $125M to $175M and take 2 years to build
Pembina Pipeline Corp. has signed a non-binding letter of intent to develop a liquefied petroleum gas export terminal on Watson Island, south of Prince Rupert, B.C.
The Calgary-based pipeline operator signed the agreement with Prince Rupert Legacy Inc., a wholly owned subsidiary of the City of Prince Rupert.
The company said it has started a site assessment for the West Coast project and engagement with stakeholders including aboriginal communities.
Initial assessments indicate the development of an export terminal with a capacity of about 20,000 barrels per day of LPG at a capital cost ranging between $125 million and $175 million, Pembina said.
The company said it expects a project timeline of two years from a final investment decision.
The project is still subject to completion of design and engineering requirements, appropriate definitive agreements, environmental and regulatory permits and the approval of Pembina's board.
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- The headline on an earlier version of this story incorrectly said the export terminal would handle liquefied natural gas (LNG). In fact, it would be a liquefied petroleum gas (LPG) terminal.Apr 11, 2017 10:27 AM MT